Challenge Your Exam Readiness With Our Free Loan Officer Practice Questions

Question # 3

A loan officer accepts gifts from an appraiser in exchange for directing business their way. This behavior is:

Options:

A.

Acceptable if disclosed to the borrower

B.

A violation of RESPA and ethics rules

C.

Permissible under federal guidelines

D.

Encouraged to build partnerships

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Loan Officer Overview

Name Loan Officer
Code Loan Officer
Vendor Finance, Insurance and Real Est
Certification State Licensing Boards

Loan Officer Questions