APPENDIX A Flashcards
TRUE OR FALSE; THE NORTH CAROLINA REAL ESTATE COMMISSION MAY, AFTER A HEARING, TAKE DISCIPLINARY ACTION AGAINST A NORTH CAROLINA LICENSE WHO HAS VIOLATED ANY OF THE PROVISIONS OF THE NORTH CAROLINA LICENSE LAW
TRUE
TRUE OR FALSE; THE NORTH CAROLINA REAL ESTATE COMMISSION MAY, AFTER A HEARING, TAKE DISCIPLINARY ACTION AGAINST A NORTH CAROLINA LICENSE WHO HAS COMMITTED ACTS PROHIBITED BY LICENSE LAW WHEN LICENSED INDIVIDUALS SELL OR BUY THEIR OWN PROPERTIES
TRUE
TRUE OR FALSE; A PERSON NEEDS AN ACTIVE NORTH CAROLINA REAL ESTATE LICENSE TO RENT AND MANAGE RENTAL APARTMENTS FOR A RELATIVE WHO PAYS $100 PER MONTH FOR THE HELP
TRUE
TRUE OR FALSE; A PERSON NEEDS AN ACTIVE NORTH CAROLINA REAL ESTATE LICENSE TO RENT AND MANAGE RENTAL APARTMENTS FOR A CORPORATION AS PART OF A SALARIED CORPORATE JOB
FALSE
TRUE OR FALSE; A PERSON NEEDS AN ACTIVE NORTH CAROLINA REAL ESTATE LICENSE TO RENT AND MANAGE RENTAL APARTMENTS FOR AN OUT-OF-STATE FRIEND FOR NO COMPENSATION
FALSE
TRUE OR FALSE; A PERSON NEEDS AN ACTIVE NORTH CAROLINA REAL ESTATE LICENSE TO RENT AND MANAGE RENTAL APARTMENTS FOR HIMSELF OR HERSELF
FALSE
A REAL ESTATE LICENSE MUST BE RENEWED NO LATER THAN EVERY
JUNE 30
TRUE OR FALSE; A LICENSEE’S NORTH CAROLINA REAL ESTATE LICENSE MAY BE SUSPENDED OR REVOKED FOR PLACING A FOR SALE SIGN ON A PROPERTY WITHOUT A SIGNED LISTING AGREEMENT
TRUE
TRUE OR FALSE; A LICENSEE’S NORTH CAROLINA REAL ESTATE LICENSE MAY BE SUSPENDED OR REVOKED FOR BUYING A PROPERTY FOR PERSONAL USE THAT IS LISTED BY THE LICENSEE’S FIRM
FALSE
TRUE OR FALSE; A LICENSEE’S NORTH CAROLINA REAL ESTATE LICENSE MAY BE SUSPENDED OR REVOKED FOR ADVERTISING PROPERTIES IN MULTIPLE COUNTIES
FALSE
TRUE OR FALSE; A LICENSEE’S NORTH CAROLINA REAL ESTATE LICENSE MAY BE SUSPENDED OR REVOKED FOR SHARING COMMISSION WITH THE BUYER-CLIENT
FALSE
TRUE OR FALSE; A COURT-ORDERED GUARDIAN SELLING PROPERTY OWNED BY HIS CHARGE, WOULD NEED AN ACTIVE NORTH CAROLINA REAL ESTATE LICENSE
FALSE
TRUE OR FALSE; AN ATTORNEY THAT SERVES AS A RELIEF AGENT ON THURSDAYS IN A NEW HOMES SUBDIVISION, WOULD NEED AN ACTIVE NORTH CAROLINA REAL ESTATE LICENSE
TRUE
TRUE OR FALSE; A REAL ESTATE ASSISTANT SHOWING LISTED PROPERTY TO THE BUYER-CLIENTS OF HER BROKER-BOSS, WOULD NEED AN ACTIVE NORTH CAROLINA REAL ESTATE LICENSE
TRUE
TRUE OR FALSE; AN ON-SITE LEASING AGENT THAT NEGOTIATES RENTAL AMOUNTS WHEN REQUESTED BY POTENTIAL TENANTS, WOULD NEED AN ACTIVE NORTH CAROLINA REAL ESTATE LICENSE
TRUE
TRUE OR FALSE; IF A LICENSEE VIOLATES ANY OF THE PROVISIONS OF THE NORTH CAROLINA REAL ESTATE LICENSE LAW, THE NORTH CAROLINA REAL ESTATE COMMISSION MAY ALLOW THE LICENSE TO REMAIN ACTIVE IF A SPECIFIED FINE IS PAID
FALSE
TRUE OR FALSE; IF A LICENSEE VIOLATES ANY OF THE PROVISIONS OF THE NORTH CAROLINA REAL ESTATE LICENSE LAW, THE NORTH CAROLINA REAL ESTATE COMMISSION MAY REQUIRE THE LICENSEE TO TAKE PRESCRIBED EDUCATION COURSES BEFORE REINSTATEMENT OF THE LICENSE
TRUE
TRUE OR FALSE; IF A LICENSEE VIOLATES ANY OF THE PROVISIONS OF THE NORTH CAROLINA REAL ESTATE LICENSE LAW, THE NORTH CAROLINA REAL ESTATE COMMISSION MAY SUSPEND THE LICENSE FOR A SPECIFIED PERIOD OF TIME
TRUE
TRUE OR FALSE; IF A LICENSEE VIOLATES ANY OF THE PROVISIONS OF THE NORTH CAROLINA REAL ESTATE LICENSE LAW, THE NORTH CAROLINA REAL ESTATE COMMISSION MAY REVOKE THE LICENSE PERMANENTLY
TRUE
TRUE OR FALSE; REGARDING A BROKER LICENSE ON PROVISIONAL STATUS, THE LICENSEE MUST SATISFY A 90-HOUR POST-LICENSING EDUCATION REQUIREMENT IN ORDER TO REMOVE THE PROVISIONAL LICENSE STATUS
TRUE
TRUE OR FALSE; REGARDING A BROKER LICENSE ON PROVISIONAL STATUS, THE PROVISIONAL BROKER LICENSE IS CONVERTED TO A BROKER-IN-CHARGE LICENSE UPON COMPLETION POST-LICENSING REQUIREMENTS
FALSE
TRUE OR FALSE; REGARDING A BROKER LICENSE ON PROVISIONAL STATUS, THE LICENSEE MUST COMPLETE AT LEAST ONE POST-LICENSING COURSE NO LATER THAN ONE YEAR FROM LICENSURE IN ORDER TO AVOID CANCELLATION OF LICENSE
FALSE
TRUE OR FALSE; REGARDING A BROKER LICENSE ON PROVISIONAL STATUS, THE PROVISIONAL LICENSE STATUS MAY BE REMOVED BY COMPLETING 16 HOURS OF CONTINUING EDUCATION CREDITS
FALSE
TRUE OR FALSE; IN NORTH CAROLINA, ALL REAL ESTATE BROKERS MUST INCLUDE THEIR FIRM’S NAME IN ADVERTISEMENTS OF A CLIENT’S PROPERTY
TRUE