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Basic Question 2 of 2

The stated purposes of Standard VI (C) Referral Fees, are to ______.

I. help the customer/client evaluate the full cost of the services
II. help the customer/client evaluate any possible partiality shown in the recommendations of services
III. help the customer/client evaluate potential conflicts of interest as result of the participation of immediate family in transactions
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User Contributed Comments 7

User Comment
danlan Not III?
mtcfa III is awkward... but incorrect since it really has nothing to do with referral fees.
0is4eva Disclosure of conflict - Standard VI A.
danlan2 In the first line of notes, it is saying: such disclosure should help the client evaluate possible partiality shown in any recommendations of services as well as evaluate the full cost of services.
wulin III belongs to Priority of Transactions, not Referral Fees.
ericczhang I would guess III is a specific situation covered in VI.C but is not a general "Stated Purpose" of the standard.
gerdvar Isn't the full cost of the service for the employer only?
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity

recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct

identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards

CFA® 2025 Level I Curriculum, Volume 6, Module 3.