North Carolina License Law
Under NC license law, a real estate broker may pay a referral fee to a person who referred a buyer or seller to the broker if:
AThe referring person holds a NC real estate license✓ Correct
BThe payment is disclosed to all parties
CThe fee is under $500
DThe referral was for a commercial transaction only
Explanation
In NC, referral fees or finders' fees may be paid by a real estate broker to another person only if that person holds a NC real estate license. Paying referral fees to unlicensed persons is prohibited.
Related North Carolina North Carolina License Law Questions
- Which of the following is required for a real estate firm to operate legally in North Carolina?
- A NC broker may accept which of the following business structures for their brokerage activities?
- The NCREC can take disciplinary action against a licensee for all of the following EXCEPT:
- The NC Real Estate Commission's rules (NCREC Rule 58A .0104) require a broker to provide an agency disclosure WHENEVER they:
- What is the minimum passing score on the North Carolina real estate licensing exam?
- In North Carolina, all newly licensed brokers begin on 'provisional' status. To remove provisional status, they must:
- Under North Carolina law, buyer agency agreements must be:
- A NC broker is NOT required to complete continuing education in a given year if they:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →