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Practice Of Real EstateLicense LawMEDIUM

A compliance reviewer in Greenville is preparing an exam-prep note on licensure scope, definitions, and exemptions. Which statement best applies under current North Carolina law?

Correct Answer

B) A person who advertises or negotiates real property for another for compensation risks being treated as engaging in brokerage.

A person who advertises or negotiates real property for another for compensation risks being treated as engaging in brokerage.

Answer Options
A
Negotiating price for another is permitted without a license if the person never drafts documents.
B
A person who advertises or negotiates real property for another for compensation risks being treated as engaging in brokerage.
C
A person avoids licensure by calling the fee a marketing charge instead of compensation.
D
Advertising property for another for a fee is never brokerage unless the person attends closing.

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Related Topics & Key Terms

Key Terms:

advertisingcompensationdifficulty_3gs_93a_licensure_scope_and_definitionsnc_license_lawnc_statenegotiationnorth_carolinatiming_forms_exceptions_and_authority
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