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Practice Of Real EstateLicense LawEASY

A firm owner in New Bern is auditing the firm's approach to licensure scope, definitions, and exemptions. Which statement is NOT accurate under current North Carolina law?

Correct Answer

B) A North Carolina attorney must still obtain a broker license before closing any real estate transaction.

This choice is the inaccurate statement. The other three options describe the current North Carolina rule or guidance more accurately.

Answer Options
A
The North Carolina Real Estate Commission administers Chapter 93A and has authority over licensing and discipline.
B
A North Carolina attorney must still obtain a broker license before closing any real estate transaction.
C
Unlicensed persons may not lawfully receive compensation for performing brokerage activities that require a North Carolina license.
D
North Carolina law covers brokerage in sales and leasing transactions, not just one type of residential sale.

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Related Topics & Key Terms

Key Terms:

core_rules_and_definitionsdifficulty_2gs_93a_licensure_scope_and_definitionsinactive_licenselicensingnc_license_lawnc_statenorth_carolinapractice_of_lawreversesales
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