North Carolina License LawIntermediateNorth Carolina Exam
A NC broker may accept which of the following business structures for their brokerage activities?
AOnly as a sole proprietor
BAs a sole proprietor, corporation, LLC, or partnership if properly licensedCorrect
COnly as a corporation with at least 5 shareholders, across most transactions
DOnly as an employee of a larger national firm
Why As a sole proprietor, corporation, LLC, or partnership if properly licensed Is Correct
Answer B: As a sole proprietor, corporation, LLC, or partnership if properly licensed
NC brokers may operate under various business structures (sole proprietorships, corporations, LLCs, partnerships) as long as the entity is properly licensed with the NCREC.
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