According to the North Carolina Statute of Frauds, a residential lease must be in writing...
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According to the North Carolina Statute of Frauds, a residential lease must be in writing and recorded if the term of the lease is
A. over one year in duration.
B. two years or more.
C. more than three years.
D. at least five years.
A broker lists property for a seller who authorizes dual agency but only if the listing broker is designated as the seller's broker. An unrepresented buyer attends an open house and wants to make an offer. Can the listing broker prepare the offer for the buyer?
A. The listing broker can prepare the offer as a dual agent.
B. The listing broker cannot prepare the offer unless the buyer agrees to dual agency.
C. The listing broker cannot prepare the offer unless the broker-in-charge agrees.
D. The listing broker can prepare the offer if the buyer remains unrepresented.
A broker may work for more than one real estate company at the same time as long as the broker
A. holds a license on provisional status.
B. notifies all brokers-in-charge in writing.
C. has the express consent of all brokers-in-charge.
D. practices different types of brokerage such as residential sales, commercial sales, or property management at each company.
According to the North Carolina Statute of Frauds, a residential lease must be in writing and recorded if the term of the lease is
A. over one year in duration.
B. two years or more.
C. more than three years.
D. at least five years.
A broker lists property for a seller who authorizes dual agency but only if the listing broker is designated as the seller's broker. An unrepresented buyer attends an open house and wants to make an offer. Can the listing broker prepare the offer for the buyer?
A. The listing broker can prepare the offer as a dual agent.
B. The listing broker cannot prepare the offer unless the buyer agrees to dual agency.
C. The listing broker cannot prepare the offer unless the broker-in-charge agrees.
D. The listing broker can prepare the offer if the buyer remains unrepresented.
A broker may work for more than one real estate company at the same time as long as the broker
A. holds a license on provisional status.
B. notifies all brokers-in-charge in writing.
C. has the express consent of all brokers-in-charge.
D. practices different types of brokerage such as residential sales, commercial sales, or property management at each company.
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