Commissions and Referral Fees Are Not Permitted for Which Types

question 24

Multiple Choice

Commissions and referral fees are not permitted for which types of services?

• A)Tax services.
• B)Financial planning services.
• C)Audits.
• D)Both B and C.

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Definitions:

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of an account holder, and commonly used to guarantee payment.

Certified Check

A check verified by a bank, guaranteeing that the writer of the check has enough funds available for the transaction.

Drawee

The party in a financial transaction who is directed to pay a certain amount of money as outlined in a draft or check.

Draft

A preliminary version of a document or plan that is subject to revision.