North Carolina License LawIntermediateNorth Carolina Exam
In NC, which of the following activities does NOT require a real estate license?
AListing property for sale on the MLS for others for a fee
BManaging a residential rental complex owned by your employer as a direct employeeCorrect
CNegotiating commercial leases for others for compensation, under standard practice
DActing as a buyer's agent for compensation
Why Managing a residential rental complex owned by your employer as a direct employee Is Correct
Answer B: Managing a residential rental complex owned by your employer as a direct employee
An on-site employee (resident manager or property manager) directly employed by the property owner to manage the employer's own property is exempt from the NC real estate licensing requirement.
Key North Carolina License Law Terms in This Question
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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
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