Tennessee Real Estate Exam Practice Question
You accept undisclosed kickbacks from a mortgage broker for steering clients. Which is TRUE?
Correct Answer: D
Rationale: Accepting undisclosed kickbacks from a mortgage broker constitutes unethical behavior and violates legal regulations, potentially leading to an investigation and revocation of your license.
Option A is incorrect; steering clients for personal gain undermines trust and does not provide a genuine service. Option B is misleading; while conflicts of interest should be disclosed, kickbacks typically necessitate more severe repercussions than just filing a statement. Option C is also inaccurate; a mortgage broker's license is not required for accepting kickbacks, but such actions can lead to serious legal consequences.
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