NMLS Exam Study Guide: RESPA QUESTIONS AND 100% CORRECT ANSWERS UPDATED FOR 2025/2026.

NMLS Exam Study Guide: RESPA QUESTIONS AND 100% CORRECT ANSWERS UPDATED FOR 2025/2026. Real Estate Settlement Procedures Act (RESPA) for loans on residential properties of 1-4 units. Nothing of Value This act provides consumer protection __________ can be given in exchange for the referral of business with the exception of real estate brokerage firms that are allowed to exchange referrals between themselves. Thing of Value A __________ may include gift cards, sports tickets, advertising space, marketing material bearing a real etate agent's information to give to his/her client, etc. True (Promotional items with the company logo are permitted to be given) Promotional items with the company logo are permitted to be given. Regulation X What regulation is RESPA? RESPA (Regulation X) True or False: