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North Carolina · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 North CarolinaAll advertising of listed property must be done in the name of the broker's firm or under the supervision of the Broker-in-Charge, and a broker may not advertise a property without the owner's authority. Advertising must not be false or misleading, and brokers must clearly disclose their licensed status when buying, selling, or advertising their own property. North Carolina also requires brokers to keep complete transaction and trust-account records, retaining them for three years so the Commission can audit compliance.
Yes. State License Law is a scored domain on the North Carolina real estate licensing exam, and this topic appears in the state license-law portion.
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North Carolina applies its own license law on top of the national portion. This page covers the North Carolina rules specifically, which is what the state section of your exam tests.