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Practice Of Real EstateLicense LawMEDIUM

A closing-file reviewer in Concord is answering a client question about 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 when new construction is involved.
B
Chapter 93A applies only to home sales and not to leasing activity.
C
North Carolina law covers brokerage in sales and leasing transactions, not just one type of residential sale.
D
Chapter 93A applies only when the property is listed in the MLS.

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Related Topics & Key Terms

Key Terms:

difficulty_3gs_93a_licensure_scope_and_definitionsleasingnc_license_lawnc_statenorth_carolinasalesscenario_traps_edge_cases_and_enforcementscope
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