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Rocket Mortgage was just sued for mortgage steering — and the RESPA violation at the center of the lawsuit is something South Carolina real estate agents need to understand, because the same exposure applies to how you handle lender referrals every single day.

In this episode, Gary Pickren breaks down the Rocket Mortgage steering lawsuit, what RESPA actually prohibits, and why referral arrangements between agents and lenders are under more scrutiny than ever. This is a legal and ethical line that South Carolina agents and brokers cannot afford to be on the wrong side of.

What's covered:

• What the Rocket Mortgage lawsuit alleges and what RESPA violations look like in a modern referral system
• How mortgage steering happens in real estate — and why some common referral practices create serious legal liability for agents
• Your fiduciary duty as a South Carolina real estate agent when recommending lenders — and when that duty gets violated
• How to handle lender referrals transparently and compliantly, especially when your brokerage has preferred lender relationships

RESPA violations and mortgage steering lawsuits are increasing. South Carolina real estate agents who understand where the line is — and stay behind it — protect themselves and their clients.

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Gary

• Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.**