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Practice Of Real EstateLicense LawMEDIUM

A buyer representative in Greenville is revising a training memo on Commission rules structure and regulatory authority. Which statement is NOT accurate under current North Carolina law?

Correct Answer

C) Brokers may disregard the compilation because it has no compliance value 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 must look to the applicable rule section for current requirements rather than assuming older customs still control.
B
The Commission Rules are found in 21 NCAC 58A and supplement Chapter 93A by governing broker conduct, education, trust accounts, and office compliance.
C
Brokers may disregard the compilation because it has no compliance value under current North Carolina rules
D
Commission rules often specify timing, recordkeeping, agency, and trust-account details that are tested on the state portion of the exam.

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Related Topics & Key Terms

Key Terms:

21_ncac_58acommission_rulescommission_rules_structure_and_authoritydifficulty_3law_and_rulesnc_commission_rulesnc_statenorth_carolinareverserulemakingscenario_traps_edge_cases_and_enforcement
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