Glossary of Real Estate Terms (Oregon) – K

Kick-back – A term found in Section 8 of the federal Real Estate Settlement Procedures Act or “RESPA” that prohibits anyone from giving or accepting a fee, kickback or anything of value in exchange for referrals of settlement service business (for example, title insurance business, escrow business, etc.) involving a federally related mortgage loan. Violators are subject to criminal and civil penalties.