Superior Real Estate School Practice Exam

The North Carolina Real Estate Commission plays a specific role in overseeing the practices within the real estate industry, but it does not establish or regulate fees and commissions charged by real estate brokers. This means that brokers have the freedom to set their own fees and commissions based on what they deem appropriate for the services they offer, as long as they are compliant with the law.

The rationale for this approach is to promote a competitive marketplace which can better reflect the value of services provided. This allows brokers to negotiate commissions directly with their clients, fostering a flexible environment that can adapt to market conditions and individual agreements.

In contrast, the other answers suggest various levels of involvement by the Commission, but none accurately depict its actual stance on fees and commissions. Therefore, understanding the Commission's neutrality in this area helps clarify the broader regulatory framework within which North Carolina brokers operate.