BENNETT HALL
Corvallis Gazette-Times
A mid-valley real estate brokerage has agreed to pay $180,000 to settle claims by federal regulators that it accepted thousands of dollars in illegal kickbacks as part of a widespread scheme to funnel business to a California mortgage lender.
In an enforcement action announced this week by the Consumer Financial Protection Bureau (CFPB), Keller Williams Mid-Willamette was named as one of more than 100 real estate brokerages that accepted illegal payoffs to steer homebuyers to Prospect Mortgage of Sherman Oaks, California.
Headquartered at 1121 N.W. Ninth St. in Corvallis, Keller Williams Mid-Willamette has about 130 real estate brokers and operates satellite offices in Albany, Lebanon and Sweet Home.