EstatePass
USThard11% of exam

Which of the following activities is PROHIBITED for a CRMLA-licensed lender?

Correct Answer

D) Paying a kickback to a real estate agent for referring mortgage clients

The CRMLA prohibits kickbacks and referral fees that are not earned for actual services rendered. Paying kickbacks to real estate agents for steering borrowers violates both the CRMLA and federal RESPA provisions.

Answer Options
A
Charging a borrower reasonable loan origination fees
B
Disclosing all loan terms and costs to the borrower in writing
C
Offering multiple loan products to a qualified borrower
D
Paying a kickback to a real estate agent for referring mortgage clients

Why This Is the Correct Answer

The CRMLA prohibits kickbacks and referral fees that are not earned for actual services rendered. Paying kickbacks to real estate agents for steering borrowers violates both the CRMLA and federal RESPA provisions.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing