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Practice Of Real EstateLicense LawEASY

A closing-file reviewer in Concord is answering a client question about provisional broker status and activation. Which statement best applies under current North Carolina law?

Correct Answer

A) A provisional broker may have active status only while affiliated with and supervised by a broker-in-charge.

A provisional broker may have active status only while affiliated with and supervised by a broker-in-charge.

Answer Options
A
A provisional broker may have active status only while affiliated with and supervised by a broker-in-charge.
B
A provisional broker may practice independently if the broker uses only standard forms.
C
A provisional broker may remain active without any BIC so long as the broker handles no trust money.
D
A provisional broker can supervise personal transactions without BIC oversight because the license is active.

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Related Topics & Key Terms

Key Terms:

active_statusbic_supervisiondifficulty_1nc_license_lawnc_statenorth_carolinaprovisional_brokerprovisional_broker_status_and_activationscenario_traps_edge_cases_and_enforcement
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