21 N.C. Admin. Code 58A.0120

Current through Register Vol. 38, No. 24, June 17, 2024

Section 58A .0120 - PROHIBITED ACTS

(a) A broker shall not require or demand of any escrow agent or attorney that a broker's commission be split with or paid to another person or entity.

(b) An affiliated broker shall not be paid a commission or referral fee directly by anyone other than their current BIC or the person who served as their BIC at the time of the transaction.

(c) A broker shall not coerce, extort, collude, instruct, induce, bribe, or intimidate a service provider in a real estate transaction in order to influence or attempt to influence their findings, report, or decision. Service providers include, but are not limited to, appraisers, attorneys, inspectors, financial lenders, and contractors.

(d) A broker shall not conduct brokerage activities or otherwise promote their status as a real estate broker in any manner that discriminates on the basis of race, color, religion, national origin, sex, familial status, or disability.

21 N.C. Admin. Code 58A .0120

Authority G.S. 93A-3(c); 93A-6;
Eff. July 1, 2021.

Authority G.S. 93A-3(c); 93A-6;
Adopted by North Carolina Register Volume 36, Issue 03, August 2, 2021 effective 7/1/2021.