Jay works for Slackbot Mortgage Administration Company ("The Company) and is well known in the mortgage industry. Jay has a friend, David, who wishes to invest money in private mortgages, and Jay has explained what The Company does, and how beneficial its services are for private investors like him. While Jay doesn't originate private mortgages, another friend of his, Yasmine, does. Yasmine is a mortgage broker with 1582309852 Ontario Corp., a licensed mortgage brokerage. Jay is going to refer David to Yasmine to find a suitable investment for David. On their first funded deal, Yasmine typically provides Jay a referral fee, properly paid to The Company, for referring a new investor to her. Given this scenario, which of the following statements is most correct? Select one: a. This referral fee must be properly disclosed to Jay b. Neither Jay nor Yasmine must disclose this fee to David c. The payment of referral fees is prohibited by the MBLAA d. Jay must disclose this fee to David 4 ABC Mortgage Administration Company ("The Company") has been approached by an investor, Diana, to administer her mortgage. Diana has informed The Company that she has never invested in a mortgage before, and she is nervous about administering the mortgage on her own should something go wrong, especially if the borrower can't make their mortgage payment. She's been told that The Company can handle all aspects of the administration, including deferring payments, amending the mortgage terms, etc. Her mortgage broker, Asma, has advised her that there must be: Select one: a. A written agreement governing the administration of the mortgage. between the investor and The Company that allows this b. A mortgage administrator is not allowed to amend the terms of the mortgage c. A written agreement governing the administration of the mortgage, signed by the investor and borrower d. A mortgage administrator is not allowed do defer payments, or amend the terms of the mortgage C