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Practice Of Real EstateLicense LawHARD

A broker-in-charge in Charlotte is auditing the firm's approach to Commission rules structure and regulatory authority. Which statement is NOT accurate under current North Carolina law?

Correct Answer

A) Only the General Assembly can change a Commission rule under current North Carolina rules

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

Answer Options
A
Only the General Assembly can change a Commission rule under current North Carolina rules
B
Commission rules are enforceable standards for licensees, not merely optional best practices.
C
When a rule addresses a specific licensing issue, brokers should comply with that rule even if a form or office custom is more casual.
D
The Commission Rules are found in 21 NCAC 58A and supplement Chapter 93A by governing broker conduct, education, trust accounts, and office compliance.

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Related Topics & Key Terms

Key Terms:

21_ncac_58acommission_rulescommission_rules_structure_and_authoritycompliancecore_rules_and_definitionsdifficulty_5nc_commission_rulesnc_statenorth_carolinareverserulemaking
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