Legal Q&A Topic: Real Estate License Law/Rules

• Can a BIC face discipline for losing track of a provisional broker’s license anniversary date?
• Who can receive the commission of a deceased agent?
• Do rejected offers need to be retained for three years?
• When is the “drafting” of contract language considered the unauthorized practice of law?
• May I use a name other than my legal name in the real estate business?
• Do referral fees have to be disclosed to a customer?
• Can a broker get paid a commission before the closing documents have been recorded?
• What do REALTORS® need to do when selling their own home?
• Can a buyer’s agent submit an offer directly to the seller?
• What happens when the listing firm, seller, and buyer all claim the Earnest Money Deposit?
• Can I do business as a sole proprietor while I’m setting up an LLC?
• Can I use my firm’s trust account for my own rental properties?
• What happens to a listing agreement when the listing agent dies?
• Can brokers advertise a “Free Home Valuation”?
• Can property damage be a material fact even if the damage has been fully remediated?
• Can a buyer pay a due diligence fee in cash?
• Is a back-up contract a material fact?
• Do I need a BIC for my new office?
• Prospective Clients and the Working with Real Estate Agents Form
• Do I need to be the BIC of an LLC set up to receive sales commissions?
• Can a broker make an offer on her own listing?
• Can a client make changes to the pre-printed language on a NC REALTORS© form?
• Can I use a last name different from the one on my real estate license for advertising?
• Do buyer agents have a duty to verify square footage information?