10.31 Misrepresenting the Form, Amount, or Treatment of Deposits

Company policy is to never misrepresent the amount or form of any deposit. This situation would be where a licensee represents to a seller that the buyer has the ability to pay a 20% down payment when indeed the buyer only has a 5% down payment, or has the ability to put 20% as a down payment but intends to only put 5% as a down payment. This is a form of misrepresentation.