Which of the following actions is NOT part of a mortgage broker's responsibilities?

The choice that is correct in this context emphasizes that providing legal advice to borrowers is not within the typical responsibilities of a mortgage broker. Mortgage brokers serve as intermediaries between borrowers and lenders, facilitating the loan process by offering loan options, accepting applications, and negotiating terms. However, giving legal advice requires specialized legal training and is typically reserved for licensed attorneys.

Mortgage brokers are knowledgeable about loan products and the mortgage process, enabling them to guide borrowers effectively, yet they must adhere to their role and not cross over into legal domains. If borrowers need legal counsel regarding contracts, compliance, or other legal matters related to their mortgage, they should seek the assistance of a qualified attorney. This distinction helps maintain professional boundaries and ensures that borrowers receive appropriate advice from the right experts.