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Practice Of Real EstateLicense LawEASY

An office manager in Boone is training a new associate on compensation authorization, disclosure, and limits. Which statement best applies under current North Carolina law?

Correct Answer

D) North Carolina permits compensation to an out-of-state broker only if the out-of-state broker does not enter North Carolina to participate in brokerage activity.

North Carolina permits compensation to an out-of-state broker only if the out-of-state broker does not enter North Carolina to participate in brokerage activity.

Answer Options
A
Any out-of-state licensee may come into North Carolina and show property for a fee without North Carolina licensure.
B
Out-of-state brokers may be paid even after negotiating in person in North Carolina.
C
No compensation may ever be paid to an out-of-state broker under any circumstance.
D
North Carolina permits compensation to an out-of-state broker only if the out-of-state broker does not enter North Carolina to participate in brokerage activity.

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Related Topics & Key Terms

Key Terms:

out-of-state brokerreferral feeunlicensed practiceNCRECinterstate brokerage
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