EstatePass
Practice Of Real EstateLicense LawMEDIUM

A firm owner in Apex is answering a client question about licensure scope, definitions, and exemptions. Which statement best applies under current North Carolina law?

Correct Answer

B) Unlicensed persons may not lawfully receive compensation for performing brokerage activities that require a North Carolina license.

Unlicensed persons may not lawfully receive compensation for performing brokerage activities that require a North Carolina license.

Answer Options
A
An unlicensed assistant may negotiate price if the client later approves the deal.
B
Unlicensed persons may not lawfully receive compensation for performing brokerage activities that require a North Carolina license.
C
An inactive licensee may accept a referral fee for North Carolina brokerage services.
D
An unlicensed person may be paid a commission so long as a licensed broker signs the check.

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

commissionsdifficulty_3gs_93a_licensure_scope_and_definitionsinactive_licensenc_license_lawnc_statenorth_carolinascenario_traps_edge_cases_and_enforcementunlicensed_compensation
Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing