What Kind of Information Should Dealers and Brokers Take Care

question 142

Multiple Choice

What kind of information should dealers and brokers take care when relaying?

• A) Information that could be damaging to a third party
• B) Unsubstantiated rumours
• C) Unsubstantiated information that they suspect may be inaccurate and damaging to a third party
• D) Price-sensitive information

Identify the causes and consequences of the 2008 financial crisis, emphasizing the role of housing prices, mortgage defaults, and financial institution practices.

Analyze the effects of government regulation and policy on the housing market, including mortgage lending standards and the role of government-sponsored enterprises (GSEs).

Recognize the relationship between interest rates, mortgage types, and housing market dynamics.

Assess the risks associated with different mortgage products, including sub-prime loans and adjustable-rate mortgages (ARMs).

---

Definitions:

Escrow Account

An escrow account is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction, ensuring fair and secure dealings.

Objective Theory

A legal principle stating that the terms of a contract are interpreted based on external expressions (actions, words) rather than internal intentions.

Offeror's Words

The specific language or phrasing used by the person making an offer in a contract scenario, which can impact the terms and acceptance of the contract.

Intent Requirement

A legal principle that requires establishing a person's specific intent or purpose to commit a crime or execute a legal act.