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Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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![What is the penalty for a brokerage that accepts funds from a lender or investor to
be held on deposit or in trust whithout those funds being for a specific mortgage?
Select one:
a. The brokerage's license will be suspended for 30 days
b. The brokerage will receive a warning letter
c. The brokerage will be fined up to $10,000
d. The brokerage will face no penalty](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F11e90924-d8c8-4247-85e9-b29c3b018c51%2Fae723bfb-133c-467c-af36-a2a8e6c598c5%2Fmacm3o8_processed.png&w=3840&q=75)
Transcribed Image Text:What is the penalty for a brokerage that accepts funds from a lender or investor to
be held on deposit or in trust whithout those funds being for a specific mortgage?
Select one:
a. The brokerage's license will be suspended for 30 days
b. The brokerage will receive a warning letter
c. The brokerage will be fined up to $10,000
d. The brokerage will face no penalty
![Which of the following is an appropriate way for a brokerage to gauge a candidate's
comprehension of what it takes to be successful in a broker/agent position?
Select one:
a. Ask the candidate what their current salary is.
b. Ask the candidate what they feel are the most important qualities to be
successful as a broker/agent.
c. Ask the candidate to describe the brokerage's mission statement.
d. Ask the candidate to rate themselves on a scale of 1-10.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F11e90924-d8c8-4247-85e9-b29c3b018c51%2Fae723bfb-133c-467c-af36-a2a8e6c598c5%2Fpduja7v_processed.png&w=3840&q=75)
Transcribed Image Text:Which of the following is an appropriate way for a brokerage to gauge a candidate's
comprehension of what it takes to be successful in a broker/agent position?
Select one:
a. Ask the candidate what their current salary is.
b. Ask the candidate what they feel are the most important qualities to be
successful as a broker/agent.
c. Ask the candidate to describe the brokerage's mission statement.
d. Ask the candidate to rate themselves on a scale of 1-10.
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