(a). Unfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce, are declared unlawful. (b). The practice constitutes an unfair method of competition because it unfairly restricts competition in the residential real estate market.(1) Misrepresentations and False Advertising of Policy Contracts. Unfair or deceptive act or practice: North Carolina courts base their determination on what is unfair and deceptive on the circumstances of each case. Unfair or deceptive commercial practices are unlawful in North Carolina. Jurors in a trial in which the physician was found liable. Court held that the learned profession exemption foreclosed a Chapter 75 claim against him. 1881, 1883 (2014) (stating that North Carolina's unfair competition law is a. Unfair or deceptive commercial practices are unlawful in North Carolina. Unfair and deceptive trade practices are essentially misleading or illegal acts that cause harm to consumers or competitors in the market.