North Carolina License LawIntermediateNorth Carolina Exam
Which of the following activities requires a real estate license in North Carolina?
ASelling your own property
BManaging rental property for a fee on behalf of anotherCorrect
CAuctioning property under a court order, as a general rule
DActing as executor for an estate sale
Why Managing rental property for a fee on behalf of another Is Correct
Answer B: Managing rental property for a fee on behalf of another
Managing rental property for compensation on behalf of another person requires a real estate license in North Carolina.
People Also Study
Related North Carolina Questions
- A property manager in North Carolina must hold which license to manage residential rental property for others for compensation?Property Management
- The North Carolina Residential Rental Agreements Act requires landlords to:Property Management
- Which of the following activities is EXEMPT from the North Carolina license requirement?North Carolina License Law
- How many hours of pre-license education are required to sit for the North Carolina broker license exam?North Carolina License Law
- In North Carolina, unlike most states, the entry-level license is called a:North Carolina License Law
- Under North Carolina license law, a broker-in-charge (BIC) is responsible for:North Carolina License Law
- An FHA loan in North Carolina requires a minimum down payment of:Finance
- In North Carolina, adverse possession requires the use to be all of the following EXCEPT:Property Ownership
Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
State-Specific Concepts
License Law
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →