North Carolina License LawIntermediateNorth Carolina Exam
Under North Carolina license law, which of the following is required before a real estate firm can conduct business?
AEach broker must obtain a surety bond
BThe firm must obtain a firm license from NCRECCorrect
CThe firm must be a member of the NC Association of REALTORS
DThe firm must have at least five licensed brokers
Why The firm must obtain a firm license from NCREC Is Correct
Answer B: The firm must obtain a firm license from NCREC
A real estate firm conducting business in North Carolina must obtain a firm license from the NCREC, separate from the individual broker licenses.
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