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Practice Of Real EstateLicense LawMEDIUM

A compliance reviewer in Greenville is preparing an exam-prep note on compensation authorization, disclosure, and limits. Which statement best applies under current North Carolina law?

Correct Answer

A) Commissions in North Carolina are negotiable; a broker should not advertise them as fixed industry standards.

Commissions in North Carolina are negotiable; a broker should not advertise them as fixed industry standards.

Answer Options
A
Commissions in North Carolina are negotiable; a broker should not advertise them as fixed industry standards.
B
North Carolina brokers may advertise commissions as mandated statewide standards.
C
Commission percentages are fixed by Chapter 93A under current North Carolina rules
D
A broker may imply all local firms charge the same fee because it is customary.

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Related Topics & Key Terms

Key Terms:

negotiable commissionsantitrustChapter 93Aprice-fixingNCREC advertising rules
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