NC Real Estate Exam- State Portion (2023/2024) Already Passed

Activities Requiring a License Persons AND business entities, who for CONSIDERATION or the promise thereof perform BROKERAGE ACTIVITIES as an agent FOR OTHERS are considered to be performing brokerage activities and must have a license. Referrals for compensation Requires an active license Selling time shares Requires an active license Advertising In ANY manner (to include a business card), requires an active license Business Entities/Firm License ANY corporation, partnership, Limited Liability Company, association or other business entity (other than a sole proprietorship) MUST obtain a separate (firm) license. Exempt Activities -Business entity -Attorney in Fact -Attorney at Law -Receiver/Trustee -Salaried Employees of Broker-Property Managers -Owner -Housing Authority -Auctioneer (the mere "crier" of a sale is exempt Permitted Activities of Unlicensed Assistants -SHOW "rental" properties managed by the employee's empoying broker to prospective tenants -COMPLETE and execute pre-printed form leases for rental of such properties -TYPE offers, contracts & leases from drafts of pre-printed forms completed by a licensee. -MAY act as a bookkeeper for the firm's Trust Account What kind of license do I need? There is only one "type" of license in NC, a broker license; however, there are several license categories.