Practice Of Real EstateLicense LawMEDIUM
Select the North Carolina concept described below for compensation authorization, disclosure, and limits. Use the description below. Description: The North Carolina principle that broker commissions are not fixed by law and must be negotiated.
Correct Answer
B) Commissions are negotiable
Commissions are negotiable
Answer Options
A
Statutory commission scheduleB
Commissions are negotiableC
Mandatory MLS splitD
Uniform county rateWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
negotiable commissionsantitrustSherman Actcommission rateprice-fixing
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