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Practice Of Real EstateLicense LawHARD

A transaction-file auditor in Chapel Hill is auditing the firm's approach to licensure scope, definitions, and exemptions. Which statement is NOT accurate under current North Carolina law?

Correct Answer

C) An inactive licensee may accept a referral fee for North Carolina brokerage services.

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

Answer Options
A
North Carolina is a broker-only state, so the entry-level license is broker, initially on provisional status, not salesperson.
B
North Carolina law covers brokerage in sales and leasing transactions, not just one type of residential sale.
C
An inactive licensee may accept a referral fee for North Carolina brokerage services.
D
A person who advertises or negotiates real property for another for compensation risks being treated as engaging in brokerage.

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Related Topics & Key Terms

Key Terms:

advertisingcore_rules_and_definitionsdifficulty_4gs_93a_licensure_scope_and_definitionsinactive_licensenc_license_lawnc_statenorth_carolinaprovisional_brokerreversesales
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