Question: Mortgage Customer Service Exam Your one - time code - bgeorg - webce.com / TestSmart / ExamPage . aspx? _ = 5 WtYcrdJcbsEt 4 sndKcf
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Ethical Practice Standards for Today's Producer
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In return for her agreement to pay for an upcoming bar association social function, Ellen received an endorsement of her professional insurance services by the local association, thereby giving her a competitive advantage in calling upon local attorneys. Which of the following is correct with respect to such an endorsement?
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a It is illegal because it provides an unfair competitive advantage.
b Ethically, Ellen must disclose to members of the bar she approaches that she provided compensation for the endorsement.
c No disclosure needs to be made with respect to any endorsement provided the endorsement reflects the association's current opinion.
d Because Ellen provided only a promise of compensation in the future, she is not required to make any client disclosure concerning it
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