Avery is in the process of taking Dylan's mortgage application. In attempting to determine what is in Dylan's best interests given his needs and circumstances, which of the following documents should Avery use? Select one: a. Borrower Disclosure - Conflicts of Interest section b. Form 1.1 c. Mortgage Application - Assets and Liabilities section d. Needs Assessment Pauline is a mortgage broker representing David, a private investor. Pauline has been looking for an appropriate investment for David for some time, and has recently received an application from a broker at another brokerage for a private mortgage. Given this scenario, which of the following statements is most correct? Select one: a. Pauline will be working solely on behalf of the other broker b. Pauline will be working on behalf of David and the borrower c. Pauline will be working solely on behalf of the borrower d. Pauline will be working solely on behalf of David
Avery is in the process of taking Dylan's mortgage application. In attempting to determine what is in Dylan's best interests given his needs and circumstances, which of the following documents should Avery use? Select one: a. Borrower Disclosure - Conflicts of Interest section b. Form 1.1 c. Mortgage Application - Assets and Liabilities section d. Needs Assessment Pauline is a mortgage broker representing David, a private investor. Pauline has been looking for an appropriate investment for David for some time, and has recently received an application from a broker at another brokerage for a private mortgage. Given this scenario, which of the following statements is most correct? Select one: a. Pauline will be working solely on behalf of the other broker b. Pauline will be working on behalf of David and the borrower c. Pauline will be working solely on behalf of the borrower d. Pauline will be working solely on behalf of David
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Avery is in the process of taking Dylan's mortgage application. In attempting to
determine what is in Dylan's best interests given his needs and circumstances, which
of the following documents should Avery use?
Select one:
a. Borrower Disclosure - Conflicts of Interest section
b. Form 1.1
c. Mortgage Application - Assets and Liabilities section
d. Needs Assessment
Transcribed Image Text:Pauline is a mortgage broker representing David, a private investor. Pauline has
been looking for an appropriate investment for David for some time, and has
recently received an application from a broker at another brokerage for a private
mortgage. Given this scenario, which of the following statements is most correct?
Select one:
a. Pauline will be working solely on behalf of the other broker
b. Pauline will be working on behalf of David and the borrower
c. Pauline will be working solely on behalf of the borrower
d. Pauline will be working solely on behalf of David
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