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Practice Of Real EstateLicense LawMEDIUM

A Mooresville broker is reviewing compensation authorization, disclosure, and limits. Which statement is NOT accurate under current North Carolina law?

Correct Answer

A) Broker compensation never needs to be addressed in a written agency agreement 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
Broker compensation never needs to be addressed in a written agency agreement under current North Carolina rules
B
North Carolina permits compensation to an out-of-state broker only if the out-of-state broker does not enter North Carolina to participate in brokerage activity.
C
Commission rules prohibit a broker from accepting compensation from a vendor in exchange for recommending that vendor's services to a party without proper compliance.
D
A North Carolina broker may not pay compensation for brokerage services to an unlicensed person or to an inactive licensee.

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Why the Other Options Are Wrong

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Related Topics & Key Terms

Key Terms:

written agency agreementcompensation disclosureNCREC rulesunlicensed personout-of-state broker
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