Perkinson, a member, will receive a permitted commission for recommending a product to her client.

Which of the following is TRUE regarding disclosure?

1. Perkinson is required to disclose the fact that she will receive a commission for the recommendation.

II. Perkinson is only required to disclose the fact that she will receive a commission for the recommendation if the commission exceeds the fair value of the product.

III. Perkinson is required to disclose the fact that she will receive a commission for the recommendation in writing.

IV. Because it is permitted, Perkinson need not disclose the commission.

1) I and III

2) Il only

3) IV only 4) None of the above.