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Practice Of Real EstateLicense LawEASY

A broker-in-charge in Mooresville is answering a client question about prelicensing, Postlicensing, and the 18-month deadline. Which statement best applies under current North Carolina law?

Correct Answer

D) All North Carolina brokers must complete eight hours of approved CE each license year once CE begins to apply.

All North Carolina brokers must complete eight hours of approved CE each license year once CE begins to apply.

Answer Options
A
North Carolina requires twelve hours of CE each year for all brokers.
B
Only BICs must complete CE in North Carolina under current North Carolina rules
C
Out-of-state North Carolina brokers remain exempt from CE under a current rule.
D
All North Carolina brokers must complete eight hours of approved CE each license year once CE begins to apply.

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Related Topics & Key Terms

Key Terms:

8_hoursannual_cedifficulty_2nc_license_lawnc_statenorth_carolinaprelicense_and_postlicense_18_month_rulerenewalscenario_traps_edge_cases_and_enforcement

Related Concepts

Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.

Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.

Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.

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