Question

The commission that a mortgage loan broker may charge is determined by all of the following except:

Option 1: The borrower's credit score.
Option 2: The type of property being financed.
Option 3: The location of the property.
Option 4: The broker's favorite color.

Answer 1

The commission that a mortgage loan broker may charge is determined by factors such as the borrower's credit score, the type of property being financed, and the location of the property. The broker's favorite color does not play a role in determining the commission.

Step-by-step explanation:

The commission that a mortgage loan broker may charge is determined by all of the following except:

The borrower's credit score.

The type of property being financed.

The location of the property.

The broker's favorite color.

These factors are commonly considered in determining the commission that a mortgage loan broker may charge. However, the broker's favorite color has no relevance to the commission fees.