Agency
A Nebraska listing agent is also a licensed mortgage broker. The agent refers the buyer to their mortgage company for financing. This is permissible only if:
AThe referral is disclosed and the buyer is free to use any lender✓ Correct
BThe agent receives a referral fee from the mortgage company without disclosure
CThe agent requires the buyer to use their mortgage company as a condition of showing homes
DThe lender provides the best rate regardless of the relationship
Explanation
Referring to affiliated businesses is permissible with full disclosure of the affiliation and without requiring the buyer to use the affiliated service. RESPA requires disclosure of affiliated business arrangements (AfBA) in writing.
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