North Carolina · state portion

Free North Carolina Supervision & Compensation practice questions

10 original questions with full explanations. 4 of the 60 scored state-portion questions (about 7%) come from this area.

1. 1

   Who can receive a referral fee in a North Carolina real estate transaction?

   • A. Only licensed brokers
   • B. Only unlicensed assistants
   • C. Only attorneys
   • D. Only clients
   Show answer & explanation

   Answer: A

   In North Carolina, only licensed brokers can receive a referral fee in a real estate transaction.

2. 2

   May a North Carolina real estate broker pay a referral fee to an unlicensed person?

   • A. Yes, as long as the fee is reasonable
   • B. No, unless the person is a licensed broker in another state
   • C. Yes, but only if the person is a family member
   • D. No, referral fees may only be paid to licensed brokers
   Show answer & explanation

   Answer: D

   Referral fees may only be paid to licensed brokers, not to unlicensed persons.

3. 3

   To be eligible for a Broker-in-Charge (BIC) designation in North Carolina, a broker must have

   • A. 1 year of full-time experience and complete a BIC course
   • B. 10 years of experience and hold a broker license
   • C. 5 years of part-time experience and complete a real estate law course
   • D. 2 years of full-time experience and complete a BIC course
   Show answer & explanation

   Answer: D

   A broker must have 2 years of full-time experience and complete a BIC course to be eligible for a BIC designation.

4. 4

   To be eligible for a Broker-in-Charge designation in North Carolina, a broker must have how many years of full-time experience?

   • A. 1 year
   • B. 5 years
   • C. 3 years
   • D. 2 years
   Show answer & explanation

   Answer: D

   A broker must have 2 years of full-time experience to be eligible for a Broker-in-Charge designation in North Carolina.

5. 5

   To be eligible for a Broker-in-Charge (BIC) designation in North Carolina, a broker must have at least how many years of full-time experience and complete a BIC course?

   • A. 1 year
   • B. 5 years
   • C. 3 years
   • D. 2 years
   Show answer & explanation

   Answer: D

   A broker must have at least 2 years of full-time experience and complete a BIC course to be eligible for a BIC designation.

6. 6

   Who may supervise a provisional broker in North Carolina?

   • A. Any licensed broker
   • B. An unlicensed assistant
   • C. A provisional broker with 1 year of experience
   • D. A broker-in-charge
   Show answer & explanation

   Answer: D

   A broker-in-charge is required to supervise a provisional broker.

7. 7

   Who may pay a referral fee to a broker in North Carolina?

   • A. Only another broker
   • B. Only a client
   • C. Any person or firm
   • D. No one, referral fees are prohibited
   Show answer & explanation

   Answer: A

   In North Carolina, only another broker may pay a referral fee to a broker.

8. 8

   What is the primary responsibility of a Broker-in-Charge (BIC) in North Carolina?

   • A. To close transactions
   • B. To handle customer complaints
   • C. To manage the firm's marketing
   • D. To supervise provisional brokers
   Show answer & explanation

   Answer: D

   The primary responsibility of a BIC in North Carolina is to supervise provisional brokers.

9. 9

   A provisional broker may be compensated for services rendered

   • A. directly by the client
   • B. by any firm, as long as it is approved by the NC Real Estate Commission
   • C. only after completing all required post-licensing education
   • D. only through their own Broker-in-Charge (BIC) or firm
   Show answer & explanation

   Answer: D

   A provisional broker may only be compensated for services rendered through their own Broker-in-Charge (BIC) or firm.

10. 10

    What activities are permitted for an unlicensed assistant in a North Carolina real estate brokerage?

    • A. Preparing marketing materials and answering phones
    • B. Negotiating contracts
    • C. Showing properties to clients
    • D. Providing advice on pricing and offers
    Show answer & explanation

    Answer: A

    Unlicensed assistants are permitted to perform administrative tasks such as preparing marketing materials and answering phones, but are not permitted to engage in activities that require a license, such as showing properties or negotiating contracts.