What type of information must be communicated as per RESPA?

The correct answer is the communication of closing costs and related expenses as required by the Real Estate Settlement Procedures Act (RESPA). RESPA is designed to protect consumers by providing them with important information about the costs associated with their mortgage settlement process. It mandates that lenders and settlement service providers disclose the estimated closing costs to borrowers within a certain timeframe.

By requiring this transparency, RESPA ensures that consumers can make informed decisions regarding their financial commitments when purchasing property. Moreover, the act aims to eliminate kickbacks and referral fees that can inflate settlement costs, ultimately promoting fair and honest practices in the real estate industry.

The other options, while they may pertain to real estate, do not fall under the specific requirements set forth by RESPA. Intermediary fees and interest rate fluctuations are not typically mandated for disclosure under RESPA, and property legal issues, although important for buyers, are usually addressed separately within the context of title insurance or during the due diligence process, rather than as part of the settlement cost disclosures required by RESPA.