A Washington broker charges a borrower $700 in 2026 for an appraisal the appraiser billed at $550. May the broker mark up the third-party provider’s actual charge?
Correct Answer
B) Prohibited: no more than the actual cost charged by the provider
A mortgage broker may not charge more for third-party goods and services than the actual costs charged by the third-party provider. Other choices: an arranging margin is exactly what the sentence removes; disclosure does not license a markup; and no percentage tolerance appears. Source: RCW 19.146.070(2)(b)
Why This Is the Correct Answer
A mortgage broker may not charge more for third-party goods and services than the actual costs charged by the third-party provider. Other choices: an arranging margin is exactly what the sentence removes; disclosure does not license a markup; and no percentage tolerance appears. Source: RCW 19.146.070(2)(b)
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