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Ethics & Fraudmedium18% of exam

Before the file moves forward, Jamie must resolve an issue involving professional conduct and ethics and Honest Dealing. What should happen?

Correct Answer

D) Decline prohibited compensation and document the issue

professional conduct requires honesty, confidentiality, no prohibited compensation, and fair dealing. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Decline prohibited compensation and document the issue".

Answer Options
A
Treat the compliance requirement as optional because closing is near.
B
Continue processing without correcting the disclosure, licensing, compensation, or consumer-protection issue.
C
Ignore the issue if the borrower orally agrees to continue.
D
Decline prohibited compensation and document the issue

Why This Is the Correct Answer

professional conduct requires honesty, confidentiality, no prohibited compensation, and fair dealing. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Decline prohibited compensation and document the issue".

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