EstatePass
Practice Of Real EstateLicense LawMEDIUM

A firm owner in Chapel Hill is sorting out a file issue involving advertising, supervision, and representation disclosures. Which statement best applies under current North Carolina law?

Correct Answer

C) A BIC is responsible for supervising affiliated brokers and licensed activities conducted through the office.

A BIC is responsible for supervising affiliated brokers and licensed activities conducted through the office.

Answer Options
A
A BIC has no responsibility for a provisional broker's advertising.
B
A BIC supervises only trust accounts, not brokerage activity.
C
A BIC is responsible for supervising affiliated brokers and licensed activities conducted through the office.
D
A BIC may delegate all supervision to an unlicensed assistant.

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:

advertisingadvertising_supervision_and_representationbicbroker_supervisioncore_rules_and_definitionsdifficulty_3nc_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