North Carolina License Law
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 NCREC✓ Correct
CThe firm must be a member of the NC Association of REALTORS
DThe firm must have at least five licensed brokers
Explanation
A real estate firm conducting business in North Carolina must obtain a firm license from the NCREC, separate from the individual broker licenses.
Related North Carolina North Carolina License Law Questions
- A NC broker who represents a buyer in the purchase of a commercial property for $2 million must hold which specific license?
- The NCREC Real Estate Bulletin is published to:
- Which state agency is responsible for licensing and regulating real estate brokers in North Carolina?
- The NCREC's primary mission is to:
- Under NC license law, a broker whose license is on inactive status may:
- Which of the following actions would likely result in revocation of a NC real estate license?
- What is the license renewal period for North Carolina real estate brokers?
- To become a Broker-in-Charge (BIC) in NC, a broker must:
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