Areal estate broker has a computerized loan origination (clo) terminal in her office. because there are more than a dozen lending institutions in the city, the broker has found that the clo generally streamlines the application process for her clients. she sits down at the terminal with the homebuyer and these 3 events take place:
1. the broker explains that there is a fee for using the terminal of one half point, based on the loan amount, and that the homebuyer may choose to finance the fee.
2. the broker explains only the different kinds of services offered by the two local lenders who pay her monthly screen fee to be included on the clo system.
3. the broker the homeowner answer the on - screen qualification questions
which of these events is an improper use of a clo system? .
a. 1 only
b. 2 only
c. 2& 3
d. 1& 3