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Practice Of Real EstateLicense LawEASY

A compliance reviewer in High Point is sorting out a file issue involving advertising, supervision, and representation disclosures. Which statement best applies under current North Carolina law?

Correct Answer

B) Office and entity advertising should not suggest a physical office or licensed status that does not actually exist.

Office and entity advertising should not suggest a physical office or licensed status that does not actually exist.

Answer Options
A
A dissolved LLC may continue advertising brokerage services while renewal paperwork is pending.
B
Office and entity advertising should not suggest a physical office or licensed status that does not actually exist.
C
A referral-only webpage needs no connection to any licensed broker or firm.
D
A firm may advertise multiple office locations even when only one licensed office exists.

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Related Topics & Key Terms

Key Terms:

advertisingadvertising_supervision_and_representationcore_rules_and_definitionsdifficulty_1entity_statusnc_license_lawnc_statenorth_carolinaoffice_location

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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