North Carolina License LawIntermediateNorth Carolina Exam
A NC real estate licensee who is also a licensed attorney may practice real estate brokerage:
AWithout a real estate license, using their law license
BOnly under a separate real estate broker's licenseCorrect
CUnder a dual professional license issued by both the NCREC and the State Bar
DOnly for commercial transactions
Why Only under a separate real estate broker's license Is Correct
Answer B: Only under a separate real estate broker's license
An attorney who wishes to practice real estate brokerage (e.g.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
Math Concepts
State-Specific Concepts
License Law
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