A real estate broker performs only brokerage work and receives no mortgage-source compensation. What is the best conclusion under North Carolina MLO law or NCCOB guidance?
Correct Answer
A) A real estate brokerage activity exclusion can apply when the person is not compensated by a mortgage lender, broker, servicer, or MLO or their agents.
A real estate brokerage activity exclusion can apply when the person is not compensated by a mortgage lender, broker, servicer, or MLO or their agents. North Carolina includes a real estate brokerage activity exclusion when the person is not compensated by a mortgage lender, broker, servicer, or MLO or their agents.
Why This Is the Correct Answer
A real estate brokerage activity exclusion can apply when the person is not compensated by a mortgage lender, broker, servicer, or MLO or their agents. North Carolina includes a real estate brokerage activity exclusion when the person is not compensated by a mortgage lender, broker, servicer, or MLO or their agents.
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