EstatePass
Practice Of Real EstateLicense LawMEDIUM

A compliance reviewer in High Point is sorting out a file issue involving disciplinary process, sanctions, and reporting duties. Which statement best applies under current North Carolina law?

Correct Answer

D) The Commission's focus is consumer protection and broker competency, not simply punishing transactions that fail to close.

The Commission's focus is consumer protection and broker competency, not simply punishing transactions that fail to close.

Answer Options
A
The Commission has no authority if a consumer eventually recovers money in court.
B
A clean closing statement always prevents disciplinary review.
C
The Commission disciplines brokers only when a sale fails to close.
D
The Commission's focus is consumer protection and broker competency, not simply punishing transactions that fail to close.

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:

competencyconsumer_protectioncore_rules_and_definitionsdifficulty_3disciplinary_process_sanctions_and_reportingdisciplinenc_license_lawnc_statenorth_carolina
Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Practice More Questions

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

Start Practicing