What is one action NOT permitted by the Real Estate Loan Law for real estate brokers?

The Real Estate Loan Law allows real estate brokers to operate with a degree of flexibility in various aspects of loan origination. One critical action that brokers can take is to charge negotiable commission rates on all loans, which means they have the ability to set their commission fees based on the specific circumstances of each loan, subject to market conditions and client agreements. Therefore, this action aligns with the law's intention to promote fair and competitive financing opportunities.

In contrast, assisting clients in obtaining financing, offering different mortgage products, and providing loan advice are all actions explicitly permitted under the Real Estate Loan Law. Brokers play a key role in guiding clients through the financing process, helping them explore various mortgage options, and offering tailored advice to meet client needs. Thus, these actions are within the scope of what real estate brokers are authorized to do.

While it might seem counterintuitive since charging negotiable rates is permissible, understanding that this flexibility in commission structures is a standard practice under legal regulations helps clarify why this option is valid. The core of the answer lies in recognizing the balance the law seeks to maintain between client service and ethical monetary practices, ensuring that brokers can operate effectively while remaining compliant.