NC Real Estate Exam Study Guide/ 660+ Qs & Ans/ 2024

NC Real Estate Exam Study Guide/ 660+ Qs & Ans/ 2024. Terms like: Brokerage activities requiring a license - Answer: 1. Listing/offering to list real estate for sale/rent 2. Selling/buying or offering to sell/buy 3. Leasing/renting or offering to lease/rent 4. Conducting/offering to conduct a real estate auction 5. Selling/buying/leasing/assigning/exchanging interest in real estate in connection w/sale or purchase of business Activities exempt from licensing requirement - Answer: 1. Owners/lessors 2. Attorney-in-fact 3. Receiver, trustee, guardian, administrator, executor, person acting under court order 4. Attorney who is a member of the NC state bar 5. Salaried employee of broker 6. Business entity When did it become mandatory to have a license to do real estate? - Answer: July 1, 1957 Who issues licenses? - Answer: NC real estate commission Do you have to be licensed to get paid for referrals? - Answer: Yes, you must have an active license