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Practice Of Real EstateLicense LawMEDIUM

An office manager in New Bern is revising a training memo on Commission rules structure and regulatory authority. Which statement is NOT accurate under current North Carolina law?

Correct Answer

A) A broker may rely on office habit instead of a Commission deadline 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
A broker may rely on office habit instead of a Commission deadline under current North Carolina rules
B
Commission rules often specify timing, recordkeeping, agency, and trust-account details that are tested on the state portion of the exam.
C
NCREC publishes the Law and Rules compilation to help brokers apply both Chapter 93A and the Commission Rules together.
D
A broker must look to the applicable rule section for current requirements rather than assuming older customs still control.

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Related Topics & Key Terms

Key Terms:

authoritycommission_rulescommission_rules_structure_and_authoritydifficulty_3law_and_rulesnc_commission_rulesnc_statenorth_carolinareverserulemakingtiming_forms_exceptions_and_authority
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