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Practice Of Real EstateLicense LawMEDIUM

A transaction coordinator in Carrboro is answering a client question about compensation authorization, disclosure, and limits. Which statement best applies under current North Carolina law?

Correct Answer

A) 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
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.
B
Any party in the transaction may pay an affiliated broker directly if the broker prefers.
C
Direct payment to an affiliated broker bypasses BIC supervision with no rule issue.
D
A closing attorney should routinely pay individual affiliated brokers directly under current North Carolina rules

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Related Topics & Key Terms

Key Terms:

affiliated brokerBroker-in-Chargecompensation flowNCREC Rule 58A .0506supervisory hierarchy
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