North Carolina License Law
A NC broker is found guilty of misrepresentation during a real estate transaction. NCREC may impose which of the following sanctions?
AOnly a written reprimand
BOnly a fine
CRevocation or suspension of license, reprimand, civil penalty, and/or additional education✓ Correct
DCriminal prosecution only
Explanation
NCREC has broad disciplinary authority including: revoking or suspending a license, issuing reprimands, imposing civil penalties up to $5,000 per violation, requiring additional education, and accepting voluntary surrenders. Criminal prosecution is handled by the DA, not NCREC.
Related North Carolina North Carolina License Law Questions
- A NC broker may be disciplined for which of the following 'unworthy conduct' violations?
- Which of the following activities is EXEMPT from the North Carolina license requirement?
- A broker in NC who represents both a buyer and seller and fails to disclose this dual agency relationship prior to entering into a binding contract has violated:
- How many post-licensing education hours must a Provisional Broker complete to remove the provisional status?
- The NCREC may discipline a broker for which of the following actions?
- What happens to a Provisional Broker's license if they do not complete post-licensing education within the required period?
- A broker in NC who discovers their client is planning to use the real estate transaction to commit mortgage fraud should:
- A broker's license is considered 'inactive' in North Carolina when:
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