Finley is training a new MLO on conflicts of interest and Conflicts of Interest. Which statement is accurate?
Correct Answer
A) Do not accept referral value tied to the transaction
conflicts must be disclosed, managed, and kept free of referral compensation or steering incentives. 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 "Do not accept referral value tied to the transaction".
Why This Is the Correct Answer
conflicts must be disclosed, managed, and kept free of referral compensation or steering incentives. 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 "Do not accept referral value tied to the transaction".
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