GAAPs have been developed to provide guidelines for the majority of international companies

Which of the following could be an indication of possible fraud on an application for an owner occupied purchase transaction?

a. The applicants currently live with their parents b. The applicants currently own & live in a property in the same neighborhood as the property for the loan c. The property is out of state d. There are 4 applicants on the application

The broker retention period for records executed by the broker or obtained in connection with any transaction for which a license is required is:

A. one year B. three years C. until the property no longer exists D. four years