Which of the following actions is NOT considered a violation by Emery?

Choosing to enter into a lock-in agreement is considered a standard and acceptable practice in the mortgage industry, rather than a violation. A lock-in agreement allows clients to secure an interest rate for a specified period while their loan is being processed, providing them with some protection against rate fluctuations. This practice is often seen as a way to foster trust between the borrower and the lender, as it ensures that the borrower knows the interest rate they will receive at the time of loan closing.

In contrast, collecting advance fees, failing to disclose loan terms, and engaging in deceptive practices are all actions that undermine transparency and consumer protection, making them clear violations in the industry. These practices can lead to misleading situations for borrowers, which regulatory bodies actively seek to prevent to maintain a fair lending environment. Therefore, entering into a lock-in agreement remains a legitimate and widely used practice, distinguishing it from the other outlined violations.