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Practice Of Real EstateLicense LawMEDIUM

A listing broker in High Point is preparing an exam-prep note on licensure scope, definitions, and exemptions. Which statement best applies under current North Carolina law?

Correct Answer

C) North Carolina law covers brokerage in sales and leasing transactions, not just one type of residential sale.

North Carolina law covers brokerage in sales and leasing transactions, not just one type of residential sale.

Answer Options
A
Chapter 93A applies only to home sales and not to leasing activity.
B
Chapter 93A applies only when the property is listed in the MLS.
C
North Carolina law covers brokerage in sales and leasing transactions, not just one type of residential sale.
D
Chapter 93A applies only when new construction is involved.

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Related Topics & Key Terms

Key Terms:

difficulty_3gs_93a_licensure_scope_and_definitionsleasingnc_license_lawnc_statenorth_carolinasalesscopetiming_forms_exceptions_and_authority
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