Question

A North Carolina real estate broker is managing an apartment community. occupancy has dropped by 80% and the broker needs to attract more tenants. Which of the following actions made a broker lawfully make to solicit more tenants?

A. Offer 1 months free rent for existing tenants who refer new tenants

B. offer 2 months free rent to each new tenant who signed a one-year lease

C. Offer referral fees to the Chamber of Commerce for sending new tenants

D. Offer referral fees to any broker who has an active or inactive license

Answer 1

The correct action a North Carolina real estate broker can take to solicit more tenants in a lawful way is offering 2 months free rent to each new tenant who signed a one-year lease.

Step-by-step explanation:

The correct action a North Carolina real estate broker can take to solicit more tenants in a lawful way is option B: offer 2 months free rent to each new tenant who signed a one-year lease.By offering 2 months of free rent to new tenants who sign a one-year lease, the broker provides an incentive for individuals to choose the apartment community as their new residence. This offer is lawful and does not violate any regulations.Options A, C, and D are not the correct actions that a broker can take to solicit more tenants in a lawful way. Option A, offering 1 month free rent to existing tenants who refer new tenants, may unnecessarily burden the existing tenants and is not related to attracting more tenants. Option C, offering referral fees to the Chamber of Commerce for sending new tenants, is not the appropriate method as it involves paying fees to an external organization for tenant referrals. Option D, offering referral fees to any broker with an active or inactive license, is not a suitable approach as it may lead to unethical practices and conflict of interest.