Agency and License Law Practice Question
Question
A property manager asks how a rule affects a rental property for the North Carolina Real Estate Broker Exam involving broker supervision and North Carolina Real Estate Commission. Which statement is most accurate for exam purposes? (Item 2)
Answer choices
- A. The requirement matters only when the buyer obtains institutional financing.
- B. Recognize responsible broker oversight of affiliated licensees in a way that fits North Carolina exam practice.
- C. The affiliated licensee may handle the matter independently without broker responsibility.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
Correct Answer
B. Recognize responsible broker oversight of affiliated licensees in a way that fits North Carolina exam practice.
Explanation
The correct answer is B because broker supervision requires candidates to recognize responsible broker oversight of affiliated licensees. The North Carolina reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: medium
- Domain: Agency and License Law
- Objective: broker supervision