North Carolina License Law
A person who acts as a real estate broker in NC without a license is subject to:
AA warning letter only
BCivil penalties and may be required to forfeit any compensation received✓ Correct
CA mandatory license exam retake
DOnly a reprimand from the local REALTOR association
Explanation
Unlicensed practice of real estate brokerage in NC is illegal and subjects the person to civil penalties and forfeiture of any commissions or compensation received.
Related North Carolina North Carolina License Law Questions
- When must a NC real estate license applicant provide a criminal background check?
- A North Carolina provisional broker whose license is inactive:
- A broker working independently (not associated with a firm) in North Carolina must:
- In North Carolina, unlike most states, the entry-level license is called a:
- Under North Carolina license law, a broker-in-charge (BIC) is responsible for:
- North Carolina requires all real estate advertising to include:
- Which of the following activities is EXEMPT from the North Carolina license requirement?
- A Provisional Broker in North Carolina must work under the supervision of:
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