Nc post licensing 303 Study guides, Class notes & Summaries

A Licensee may not earn compensation when there license - VIP - is INACTIVE or EXPIRED A Licensee can receive compensation that was earned WHEN - VIPterm-0 - the license was current and active even if inactive of expired after A BIC may NOT pay a licensee's ENTITY - unless the entity has a firm license. A Licensee can share commission with parties BUT - 1) Must be in writing - as part of the agreement 2) Must be subject to Lender Approval in case of loans 3) Disclosed on the Clos...

Commercial Real Estate Broker Lien - ANSWERSThese laws allow for a commercial real estate broker to obtain and foreclose upon a lien as a legal remedy against a property if the buyer/seller or lessee/lessor fails to pay the broker the agreed upon commission, as their interests in the real property may apply. Commercial Lien Requirements - ANSWERSMust have written agreement Co-op agents have no rights to lien Limited to subject property Filing Requirements for a commercial real estate lie...