Ask Question
Social StudiesSocial Studies
27 May, 14:18

Is a broker allowed (permitted) to accept lender funds unless that broker owns the loan? Which requirement under the California Business and Professions Code addresses the question?

+5
Answers (1)
  1. 27 May, 14:45
    0
    No, it is NOT permissible for a broker to accept lender funds. The requirement is outlined in Article 5.

    Explanation:

    A broker is a person who arranges dealings between a buyer and a seller. He earns commission, when the deal between the parties is executed. In simple words, the broker is a person who buys and sells products for others.

    The brokers often involve and earn much in real estate field. Business and Professions Code in California say that the broker is not permitted to accept the lender funds unless the broker owns the loan. This was explained in Article 5.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Is a broker allowed (permitted) to accept lender funds unless that broker owns the loan? Which requirement under the California Business ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Thomas Jefferson lowered spending in order to repay the national debt. This policy arguably weakened the United States' position in relation to the British because it a. abolished domestic taxes. b. eliminated the national bank. c.
Answers (2)
In which type of economy does the government control everything answers?
Answers (2)
What are the consequences of irresponsible citizens?
Answers (2)
The term institutionalization can be defined as: Select one: a. The idea that society is constructed by us and those before us, and it is followed like a habit. b. The act of implanting a convention or norm into society. c.
Answers (1)
Based on this document, do you think John Brown was a "misguided fanatic"?
Answers (1)
New Questions in Social Studies
According to allen's rule, in a hot climate, the individual's arms and legs should be:
Answers (1)
When and where were the first slaves sold in America? A) 1619 in Plymouth colony B) 1619 in Jamestown colony C) 1492 in Plymouth colony D) 1492 in Jamestown colony
Answers (2)
What was the relationship between the Koros and the Mandinkas?
Answers (1)
Bullying younger children earns Diego the attention and respect of many classmates. As a result, his bullying behavior increases. This most clearly suggests that his aggression is a (n) a. reaction to frustration b. instinctive behavior c.
Answers (1)
Do you need a fishing license to fish on private property
Answers (1)
Home » Social Studies » Is a broker allowed (permitted) to accept lender funds unless that broker owns the loan? Which requirement under the California Business and Professions Code addresses the question?
Sign Up Forgot Password?