North Carolina Real Estate Broker Exam — All Questions

Under North Carolina's Tenant Security Deposit Act, a landlord who collects a residential security deposit must:

• a.Keep the deposit as additional rent
• b.Return the deposit only if the tenant stays two years
• c.Hold the deposit in a trust account or post a bond and account for it after move-out✓
• d.Deposit it into the landlord's personal spending account

North Carolina's Tenant Security Deposit Act requires residential landlords to hold deposits in a trust account with a licensed North Carolina bank or post a bond, and to provide an accounting of any deductions after the tenancy ends. The deposit is the tenant's money held in trust, not additional rent or personal funds. Return is tied to the lawful accounting process, not an arbitrary length of stay.