North Carolina License LawIntermediateNorth Carolina Exam
A NC real estate broker who also holds a mortgage loan originator (MLO) license may:
ANot perform both activities
BPerform both activities, provided they maintain both licenses and comply with the rules of each professionCorrect
CCombine both activities without separate licensing, which is broadly consistent with standard practice statewide
DOnly perform brokerage, not mortgage activities
Why Perform both activities, provided they maintain both licenses and comply with the rules of each profession Is Correct
Answer B: Perform both activities, provided they maintain both licenses and comply with the rules of each profession
An individual may hold both a NC real estate broker's license and an NC MLO license, as long as they maintain both licenses separately and comply with the distinct rules and disclosure requirements of each profession.
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Key Terms to Know
State-Specific Concepts
Disclosure Requirements
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