Which of the following is NOT required to be disclosed at the beginning of a telemarketing call by an MLO?
Correct Answer
C) The MLO's NMLS identification number
While MLOs must provide their NMLS ID in written communications and advertisements, the TSR specifically requires disclosure of the seller's identity, the sales purpose, and the nature of goods or services at the beginning of telemarketing calls, but not the NMLS ID number.
Why This Is the Correct Answer
While MLOs must provide their NMLS ID in written communications and advertisements, the TSR specifically requires disclosure of the seller's identity, the sales purpose, and the nature of goods or services at the beginning of telemarketing calls, but not the NMLS ID number.
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An appraiser uses comparable sales from 18 months ago in a rapidly declining market instead of recent sales. The resulting appraisal is 25% higher than current market value. This suggests:
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