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Which statement is most accurate about real estate brokerage exclusion 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.

Answer Options
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.
B
Delay the North Carolina requirement until after the loan closes or the renewal period ends.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

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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