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

Principles of Information Systems (MindTap Course List)

13th Edition

ISBN:9781305971776

Author:Ralph Stair, George Reynolds

Publisher:Ralph Stair, George Reynolds

Chapter7: Electronic And Mobile Commerce

Section: Chapter Questions

Problem 14SAT

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