Monique, a mortgage broker, is doing her first private mortgage with an inexperienced private investor, Christine, and is now at the stage of preparing the appropriate disclosure documents for presentation to Christine. She's spoken to different agents and brokers about how they present this information to their investors, and based on their recommendations she has decide on a course of action. Given the following options, which one should Monique choose?
Monique, a mortgage broker, is doing her first private mortgage with an inexperienced private investor, Christine, and is now at the stage of preparing the appropriate disclosure documents for presentation to Christine. She's spoken to different agents and brokers about how they present this information to their investors, and based on their recommendations she has decide on a course of action. Given the following options, which one should Monique choose?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Monique, a mortgage broker, is doing her first private mortgage with an
inexperienced private investor, Christine, and is now at the stage of preparing the
appropriate disclosure documents for presentation to Christine. She's spoken to
different agents and brokers about how they present this information to their
investors, and based on their recommendations she has decide on a course of
action. Given the following options, which one should Monique choose?
Select one:
a. Email the investor the disclosure documents and respond to any questions
by email
b. Meet with the investor, give the documents to her and answer any general
questions
c. Email the investor the disclosure documents and meet with her to have
them signed
d. Meet with the investor and explain, in detail, the disclosure documents
Transcribed Image Text:Felicia, a private investor, is asking you about the risks associated with the power of
sale process. Out of the following list, what would you tell Felicia is the most
common risk?
Select one:
a. Fraudulent documentation
b. Property being sold above market value
c. Straw buyer
d. Outstanding balance after the property is sold
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