Maine License Law
A Maine real estate licensee who assists a client in making a false statement on a mortgage application has committed:
AA minor ethics violation only
BMortgage fraud, which is a federal crime and a violation of Maine license law✓ Correct
CAn act that is only prohibited if the lender discovers the fraud
DA violation only if the transaction closes
Explanation
Assisting a client in making false statements on a mortgage application constitutes mortgage fraud, a federal crime under 18 U.S.C. § 1014, and also violates Maine license law's prohibition on misrepresentation.
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