Question

Broker Eric secure the loan for buyer Paul the fees that Eric charges Paul for making the loan could be which of the following amounts

Answer 1

The fees that Broker Eric most likely charged Paul for making the loan is $390.

What amount did Broker Eric charge?

While brokers are allowed to charge fees on helping their clients to acquire loans, this amount shouldn't be too high. 5% on a loan and $750 are considered to be too high.

The most likely amount that Broker Eric charged would have been $390 which is reasonable based on most loan amounts.

Options for this question are:

a. $390

b. 5% of the principal

c. $750

d. Actual costs under $700

Find out more on broker fees at brainly.com/question/16203925.

#SPJ1