answer the questions below ensuring you consider all the requirements within each question.

You are a finance broker working for a reputable brokerage firm. A client approaches you seeking advice on securing a home loan. During the initial consultation, you discover that the client's financial situation makes them eligible for a loan with a higher interest rate, which would result in a higher commission for you. However, you also have access to a lower interest rate loan option that would be more affordable for the client. Balancing your professional integrity and financial incentives, you must navigate this conflict of interest and recommend the most suitable loan product for the client.

a$)$ Identify Ethical Frameworks:

For this scenario, identify and explain at least two ethical frameworks or principles relevant to the industry. Describe how these frameworks inform ethical decision$-$making within the mortgage broking industry context, considering professional codes of conduct and regulatory requirements.

Ethical Frameworks How they inform ethical decision

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b$)$ Apply Ethical Decision$-$Making:

Analyze the scenario, considering the ethical frameworks identified in the previous question. Identify the potential ethical issues, stakeholders involved, and the potential consequences of different courses of action. Make an ethical decision based on the principles discussed and justify your choice within the mortgage broking industry context, emphasizing client$-$centricity and integrity.

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c$)$ Plan Execution Steps:

For this scenario, outline the steps you would take to execute your ethical decision, considering the industry$-$specific requirements and regulations. Consider how to address any challenges, communicate with relevant stakeholders, and ensure the decision is effectively implemented while upholding professional standards within the industry.

d$)$ Reflect on Outcomes:

After outlining your execution steps, reflect on the potential outcomes of your decisions within the mortgage broking context. Consider any unintended consequences, long$-$term impacts, and the overall ethical implications of your actions. Identify any adjustments you would make to your initial decisions based on these reflections, emphasizing ongoing compliance, and maintaining client trust.