Rules for Truth in Lending and RESPA call for disclosure documents to borrowers.

Comprehensive and Detailed Explanation (150–250 words):

Under TILA-RESPA Integrated Disclosure (TRID) rules, lenders are responsible for providing the Loan Estimate (LE) within three business days of application and the Closing Disclosure (CD) at least three business days before closing. Brokers and agents do not prepare these forms but must understand their content so they can answer client questions and ensure compliance.

The managing broker’s best preparation is to train licensees to be knowledgeable about the disclosures and timelines, and to understand what information lenders require from buyers to complete them. This helps prevent delays and ensures borrowers are protected.

Options A, C, and D are incorrect because licensees neither prepare the LE/CD nor advise acceptance “right away.” The lender bears responsibility; brokers must only ensure that clients understand their rights and obligations.

Thus, the correct answer is B.