What must a brokerage do to ensure that a mortgage recommendation to an investor/lender is suitable for their needs and circumstances? Select one: a. Provide the investor/lender with a list of recommended mortgages. b. Conduct a credit check on the investor/lender. c. Require the investor/lender to complete a Know Your Client (KYC) form. d. Recommend mortgages with the lowest interest rates. What should a brokerage do to comply with the MBLAA and its regulations? Select one: a. Provide all applicants with a rental policy for homeowner's insurance b. Order an appraisal from a party to the transaction c. Conduct business phone number searches using www.canada411.com d. Have appropriate policies and procedures in place to prevent mortgage fraud

What must a brokerage do to ensure that a mortgage recommendation to an investor/lender is suitable for their needs and circumstances? Select one: a. Provide the investor/lender with a list of recommended mortgages. b. Conduct a credit check on the investor/lender. c. Require the investor/lender to complete a Know Your Client (KYC) form. d. Recommend mortgages with the lowest interest rates. What should a brokerage do to comply with the MBLAA and its regulations? Select one: a. Provide all applicants with a rental policy for homeowner's insurance b. Order an appraisal from a party to the transaction c. Conduct business phone number searches using www.canada411.com d. Have appropriate policies and procedures in place to prevent mortgage fraud

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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