North Carolina Real Estate Exam State Portion | Questions with 100% Correct Answers | Verified | Latest Update 2024

When must a firm practicing "designated agency" disclose to the seller the name of the agent representing the buyer. A: at first substantial contact with the seller B: at initial contact with the seller C: at the time the buyer's agent shows the seller's property D: at the time the offer is submitted to the seller - D: at the time the offer is submitted to the seller What is the first point at which a provisional broker may begin practicing real estate in North Carolina? A: when the NCREC receives notification of the provisional broker's activation with a BIC B: upon successful completion of all course work and required examinations C: upon completion of all educational requirements D: upon formal notification from the NCREC that the candidate has successfully passed the real estate examination and has been issued a license number - A: when the NCREC receives notification of the provisional broker's activation with a BIC Which of the following is INCORRECT about the post licensing requirement of a provisional broker? A: the due date of the post licensing education is the anniversary date of licensure B: post licensing consists of three 30 hour courses which may be taken in any order and must be completed within 3 years of the date of licensure C: post licensing courses end on June 10th and must be completed for the provisional broker to renew their license on June 30th D: if a provisional broker does not complete post licensing by the deadlines their license will become inactive - C: post licensing courses end on June 10th and must be completed for the provisional broker to renew their license on June 30th If a licensee does not pay their renewal fee on or before June 30 of the year, what is the time period for the licensee to reinstate their license without the imposition of additional educational requirements?