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Practice Of Real EstateLicense LawMEDIUM

A North Carolina broker is reviewing Commission rules structure and regulatory authority. Which statement is NOT accurate under current North Carolina law?

Correct Answer

D) A broker may ignore a Commission rule unless it is repeated in a private contract.

This choice is the inaccurate statement. The other three options describe the current North Carolina rule or guidance more accurately.

Answer Options
A
When a rule addresses a specific licensing issue, brokers should comply with that rule even if a form or office custom is more casual.
B
NCREC publishes the Law and Rules compilation to help brokers apply both Chapter 93A and the Commission Rules together.
C
Commission rules often specify timing, recordkeeping, agency, and trust-account details that are tested on the state portion of the exam.
D
A broker may ignore a Commission rule unless it is repeated in a private contract.

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Related Topics & Key Terms

Key Terms:

authoritycommission_rulescommission_rules_structure_and_authoritycore_rules_and_definitionsdifficulty_3law_and_rulesnc_commission_rulesnc_statenorth_carolinareverserulemaking
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