Before the file moves forward, Gray must resolve an issue involving professional conduct and professional conduct standard to Borrowers. What should happen?
Correct Answer
B) 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".
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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