NMLS Exam #1 QUESTIONS AND 100% CORRECT ANSWERS UPDATED FOR 2025/2026.

NMLS Exam #1 QUESTIONS AND 100% CORRECT ANSWERS UPDATED FOR 2025/2026. A customer asks his mortgage broker for the name of a good title company. The broker has a list of several companies with whom she has done business with in the past. At what point, according to RESPA, must she give the customer an AfBA disclosure? If the referring party does not have an ownership or other beneficial interest, an Affiliated Business Arrangement (AfBA) disclosure is not required by RESPA. Which would NOT be considered a RESPA violation? A thing of minimal value used in the course of sales such as pens, mementos, coffee cups, hats, etc. is permissible, but the other three arrangements could be considered violations of RESPA. To violate RESPA, the thing of value does not have to be money.