Question: In North Carolina, the Vacation Rental Act provides what kind of exception regarding compensation for real estate brokerage activities? Unset starred question Under this act, a travel agent who does not hold an active real estate license may accept a referral fee for referring a tenant to a broker for a vacation rental if certain provisions are met. Under this act, the owner of a vacation rental unit may perform, and be compensated for, acts that would otherwise require a real estate license, provided that the vacation rental unit remains active with an 80% occupancy rate. Under this act, travel agents are not required to be compensated for referrals they provide to brokers for tenants of vacation rentals. Under this act, travel agents may perform, and be compensated for, acts that would otherwise require a real estate license, provided those acts are in the service of a vacation rental unit.