Standard ____ must live up to: 1. Perform assignments with ____, objectivity, and independence. 2. Refrain from accepting compensation or continued work assignments that is contingent on delivering a ____ result. 3. Protect the ____ nature of the appraiser- client relationship. 4. Keep record on each assignment for ____ after completion of assignment Seller Concessions are provided by the ____ to the borrower. The seller is doing this to provide an ____ to the borrower to buy the property. The percent is based of the ____ price but the money can only be used as a credit to the borrower's closing costs. A purchase money mortgage is when a borrower gets two loans from the lender. The borrower might do this if they don't have money for ____. This is also know as a ____. A borrower can also get a loan from the seller, this is called a ____. A seller carry back is ____ as long as the borrower disclosed this loan to the lender, so they can account for the second loan as a liability. The lender needs to be able to verify the borrower can pay back both loans at the same time. ____ is ____ because that’s a seller carry back that they did not disclose to the lender. When PPP are allowed, they follow: ▪____ for prepayments made during the first two years following consummation ▪____ for prepayments made during the third year following consummation ▪____ for prepayments made three years after consummation and beyond PPP will be disclosed on the LE and CD PPP are never on ____ loans Fiduciary duty means that the agent (the loan originator) must act in the best interests of the principal (the borrower). Fiduciary duty is imposed by ____ law in some jurisdictions and means that the agent (the loan originator) must act in the best interests of the principal (the borrower). The Loan Originator Compensation Rule establishes prohibitions against:▪ ____ borrowers toward loans that do not suit their needs but will result in higher compensation for the loan originator ▪ Receiving ____ compensation on a loan transaction ▪ Compensation that is based on the ____ of a loan Dodd-Frank Act, it listed the creation of financial education programs as one of the CFPB’s “primary functions”. Congress also directed the CFPB to establish an ____.The CFPB is required by law to submit a ____ to Congress on its financial literacy activities and strategy. the CFPB lists the following tools there are using to improve consumer literacy on mortgages: ▪ ____ - online tool for FAQ ▪ Owning a home - website provides information on home buying process ▪ Find a ____ - The HUD approved counseling list ▪ ____ Information - online pamphlet on reverse mortgages

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