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Practice Of Real EstateLicense LawMEDIUM

A transaction coordinator in Boone is updating the policy manual on provisional broker status and activation. Which statement best applies under current North Carolina law?

Correct Answer

D) A provisional broker may remain on inactive status and still complete Postlicensing courses before ever activating the license.

A provisional broker may remain on inactive status and still complete Postlicensing courses before ever activating the license.

Answer Options
A
A provisional broker must first affiliate with a firm before taking any Postlicensing course.
B
Inactive status pauses all Postlicensing eligibility until the broker files an activation form.
C
Postlicensing credit is available only after a provisional broker activates the license.
D
A provisional broker may remain on inactive status and still complete Postlicensing courses before ever activating the license.

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Related Topics & Key Terms

Key Terms:

core_rules_and_definitionsdifficulty_3eligibilityinactive_statusnc_license_lawnc_statenorth_carolinapostlicensingprovisional_broker_status_and_activation

Related Concepts

Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.

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