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Practice Of Real EstateLicense LawMEDIUM

An office manager in Cary is updating the policy manual on licensure scope, definitions, and exemptions. Which statement best applies under current North Carolina law?

Correct Answer

B) An owner dealing with the owner's own property may fall within an exemption, but that exemption does not convert the activity into licensed brokerage for others.

An owner dealing with the owner's own property may fall within an exemption, but that exemption does not convert the activity into licensed brokerage for others.

Answer Options
A
An owner may rely on the exemption while routinely negotiating transactions for others for a fee.
B
An owner dealing with the owner's own property may fall within an exemption, but that exemption does not convert the activity into licensed brokerage for others.
C
An owner exemption allows the person to collect brokerage fees for representing neighbors too.
D
Any friend helping an owner market property is automatically exempt from licensure.

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Related Topics & Key Terms

Key Terms:

core_rules_and_definitionsdifficulty_3exemptionsgs_93a_licensure_scope_and_definitionsnc_license_lawnc_statenorth_carolinaown_propertyowner_exemption
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