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Practice Of Real EstateLicense LawEASY

An office manager in Carrboro is preparing an exam-prep note on compensation authorization, disclosure, and limits. Which statement best applies under current North Carolina law?

Correct Answer

C) An affiliated broker is generally paid through the current BIC or the broker who served as BIC at the time the commission was earned, not directly by outsiders.

An affiliated broker is generally paid through the current BIC or the broker who served as BIC at the time the commission was earned, not directly by outsiders.

Answer Options
A
Any party in the transaction may pay an affiliated broker directly if the broker prefers.
B
A closing attorney should routinely pay individual affiliated brokers directly under current North Carolina rules
C
An affiliated broker is generally paid through the current BIC or the broker who served as BIC at the time the commission was earned, not directly by outsiders.
D
Direct payment to an affiliated broker bypasses BIC supervision with no rule issue.

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Related Topics & Key Terms

Key Terms:

affiliated brokerbroker-in-chargecompensation channelBIC supervisionNCREC rules
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