SUPERIOR NC REAL ESTATE IMPORTANT FINAL EXAM QUESTIONS AND ANSWERS

SUPERIOR NC REAL ESTATE IMPORTANT FINAL EXAM QUESTIONS AND ANSWERS
Question: why do we have the statute of fraud
Correct answer: to prevent oral fraud
Question: if you lease/sell/advertise/manage real estate
property for someone else for a fee do you need a license?
Correct answer: yes
Question: if I receive compensation from a real estate
transaction do I need a license?
Correct answer: yes
Question: if you do not have a real estate license can you
sell someone else's home?
Correct answer: yes, if you have a legal document like a
power of attorney that grants permission to do so.

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