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Practice Of Real EstateLicense LawEASY

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

Correct Answer

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

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Related Topics & Key Terms

Key Terms:

commission negotiabilityantitrustSherman Antitrust ActNCRECprice-fixing
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