North Carolina License LawIntermediateNorth Carolina Exam
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 educationCorrect
DCriminal prosecution only, a position that many in the industry would generally find reasonable
Why Revocation or suspension of license, reprimand, civil penalty, and/or additional education Is Correct
Answer C: Revocation or suspension of license, reprimand, civil penalty, and/or additional education
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.
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