North Carolina License Law
A NC broker who wants to open their own independent brokerage must first:
AOnly register the company name with the county
BObtain a broker license for the firm and designate a broker-in-charge✓ Correct
CApply for a provisional broker upgrade
DComplete 200 additional hours of education
Explanation
To operate an independent brokerage in NC, the broker must obtain a firm license from the NCREC and designate a qualified broker-in-charge for each office.
Related North Carolina North Carolina License Law Questions
- The NCREC's Recovery Fund provides compensation to members of the public who have suffered monetary losses due to:
- Under North Carolina law, buyer agency agreements must be:
- A NC broker who receives earnest money must deposit it in a trust account within 3 banking days of:
- If the NCREC pays a Recovery Fund claim on behalf of a licensee, what automatically happens to that licensee's license?
- How many members serve on the North Carolina Real Estate Commission?
- A provisional broker in NC must affiliate with a broker-in-charge within how many days of initial licensure?
- A North Carolina provisional broker whose license is inactive:
- A broker's license is considered 'inactive' in North Carolina when:
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