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Practice Of Real EstateLicense LawMEDIUM

An office manager in North Carolina is testing a new associate on firm, office, BIC, and entity requirements. Which statement is NOT accurate under current North Carolina law?

Correct Answer

C) One broker may serve as BIC for unlimited unrelated offices at once 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
Entity status matters because an inactive or dissolved entity should not continue conducting enforceable brokerage business as if fully active.
B
A qualifying broker or BIC remains responsible for ensuring the firm's licensed activities are conducted through properly licensed offices and entities.
C
One broker may serve as BIC for unlimited unrelated offices at once under current North Carolina rules
D
An active broker who is unaffiliated and not a BIC has only limited lawful activities; broad brokerage practice still requires the proper office and supervision structure.

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Related Topics & Key Terms

Key Terms:

bicdifficulty_3entityentity_statusfirm_office_bic_and_entity_requirementsnc_commission_rulesnc_statenorth_carolinareversescenario_traps_edge_cases_and_enforcementunaffiliated_broker
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