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Practice Of Real EstateLicense LawHARD

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

Correct Answer

A) 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 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.
B
An owner may rely on the exemption while routinely negotiating transactions for others for a fee.
C
Any friend helping an owner market property is automatically exempt from licensure.
D
An owner exemption allows the person to collect brokerage fees for representing neighbors too.

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Related Topics & Key Terms

Key Terms:

difficulty_4exemptionsgs_93a_licensure_scope_and_definitionsnc_license_lawnc_statenorth_carolinaown_propertyowner_exemptiontiming_forms_exceptions_and_authority
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