EstatePass
Practice Of Real EstateLicense LawHARD

A transaction coordinator in Boone is updating the policy manual on prelicensing, Postlicensing, and the 18-month deadline. Which statement best applies under current North Carolina law?

Correct Answer

C) Repeal of the former out-of-state CE exemption means North Carolina brokers licensed elsewhere must still meet North Carolina approved CE requirements.

Repeal of the former out-of-state CE exemption means North Carolina brokers licensed elsewhere must still meet North Carolina approved CE requirements.

Answer Options
A
North Carolina approved CE is optional for nonresident brokers under current North Carolina rules
B
Equivalent credit from any other state course is automatically accepted under current North Carolina rules
C
Repeal of the former out-of-state CE exemption means North Carolina brokers licensed elsewhere must still meet North Carolina approved CE requirements.
D
North Carolina brokers licensed in another state still have a standing CE exemption.

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:

cecore_rules_and_definitionsdifficulty_4nc_license_lawnc_statenorth_carolinaout_of_stateprelicense_and_postlicense_18_month_rulerule_change

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.

Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Related Articles

Practice More Questions

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

Start Practicing