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Practice Of Real EstateLicense LawHARD

A compliance reviewer in Chapel Hill is answering a client question about licensure scope, definitions, and exemptions. Which statement best applies under current North Carolina law?

Correct Answer

C) A North Carolina real estate license is generally required when a person acts for another for compensation in selling, buying, leasing, or negotiating real estate.

A North Carolina real estate license is generally required when a person acts for another for compensation in selling, buying, leasing, or negotiating real estate.

Answer Options
A
A license is optional so long as the person never signs the final contract under current North Carolina rules
B
A license is unnecessary if the broker is paid only a referral fee under current North Carolina rules
C
A North Carolina real estate license is generally required when a person acts for another for compensation in selling, buying, leasing, or negotiating real estate.
D
A license is only required for residential sales, not for leasing or negotiating under current North Carolina rules

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Related Topics & Key Terms

Key Terms:

brokerage_activitycompensationdifficulty_5gs_93a_licensure_scope_and_definitionslicense_requirednc_license_lawnc_statenorth_carolinatiming_forms_exceptions_and_authority
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