Professional Documents
Culture Documents
Columbus
Wilmington
Real Estate
Brunswick
Licensing in
North Carolina
Published by the North Carolina
Real Estate Commission
July 2014
License Reinstatement
Information about license reinstatement begins on page 26.
Contents Page
Use the Contents page to find information on specific topics.
x.xxx copies of this public document were printed at a cost of $.XXX per copy.
2014, 2013, 2012, 2010, 2009, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000, 1998, 1997, 1996, 1995, 1994, 1993,
1992, 1991, 1990, 1989, 1988, 1987, 1986, 1985, 1984, 1983
Education Requirement
Applicants must complete a 75 classroom hour Broker Prelicense Course at a North Carolina school approved by the Com-
mission or possess education and/or real estate experience the Commission finds equivalent to such course.
Note: Examination Required for All Applicants. Applicants applying under education qualification Options
1-3 below must also pass both the National and State sections of the North Carolina real estate license exami-
nation. Applicants qualifying under education qualification Option 4 are required to take only the State section of
North Carolinas real estate license examination.
Option #1 An applicant (resident or nonresident) may qualify for the North Carolina
Completion of the Prescribed real estate license examination by completing (passing), within three years prior
75-Classroom Hour North to license application, a Commission-approved 75-classroom hour Broker Preli-
Carolina Broker Prelicense cense Course in North Carolina. [This course is only available in a live instruction
Course format at approved schools located in North Carolina.]
Required Documentation:
Applicants who completed the course on or after May 1, 2011 and who are applying online will have their course
completion reported electronically by their school. Other applicants submitting a paper application must submit a Certificate
of Course Completion issued by the school for submission to the Commission and should NOT submit a transcript, a grade
report or a certificate provided by the school for display purposes.
Option #4 An applicant (resident or nonresident) who holds a current real estate license
Licensure as a Real Estate in another state (or U.S. territory or Canadian jurisdiction) that has been on
Salesperson or Broker in active status within the previous three years may qualify to waive the prelicense
Another State course as well as to exempt the National section of the North Carolina real
estate license examination, but the applicant must pass the State section
of the examination. Upon passing the examination and demonstrating satisfactory moral character, a person licensed as a
salesperson in another state will be issued a North Carolina provisional broker license and a person licensed as a broker in another
state will be issued a North Carolina broker license that is NOT on provisional status.
Required Documentation:
Official Certification of Licensure from the licensing agency in the state or jurisdiction in which the applicant is li-
censed. The certification must have been issued within the previous six months and must indicate the license (and status)
history and any disciplinary action taken or complaints pending against the applicant. A copy of the applicants real estate
license certificate or pocket identification card is not acceptable. Proof of education is not required.
Real Estate Licensing in North Carolina 5
Note on Preparing for the Examination State Section: Persons applying for a license based on licen-
sure in another jurisdiction (Education Qualification Option #4 above) are referred to the Preparing for the
Examination coverage under The License Examination section of this booklet for information on how
to use the Commissions website at www.ncrec.gov to access study materials for the State section of
the license examination and to find schools that may offer an exam preparatory course. The Commission
strongly recommends that applicants take appropriate preparatory steps before taking the examination.
The Roman Numeral Format: The Roman numeral C. Purchase Contracts (contracts between seller
format is merely a variation of the basic four-choice format. and buyer)
This format involves a question or incomplete statement fol- General Principles and Legal Concepts; Purchase
lowed by two possible responses labeled with Roman nu- Contract (contract of sale, purchase and sale
merals. These are followed by the four numbered alternative agreement, etc.); Options (contractual right
answer choices. Examples 1-2 below illustrate this format. to buy); Basic Provisions/Purpose/Elements;
Conditions for Termination/Breach of Contract;
Example 1 Offer and Acceptance (counter offers, multiple
A valid real estate sales contract must contain offers, negotiation, earnest money); Contingencies;
I. an adequate property description. Duties and Obligations of the Parties
II. the sale price of the property.
(A) I only D. Service/Listing Buyer Contracts (contracts
(B) II only between licensee and seller or buyer)
(C) Both I and II General Principles and Legal Concepts; Basic
(D) Neither I nor II Provisions/Purpose/Elements; Duties and
Answer C Obligations of the Parties; Conditions for
Example 2 Termination/Breach of Contract; Remuneration/
Which of the following statements regarding condomin- Consideration/Fees; Types of Service/Listing
iums is true? Contracts
I. Unit ownership is transferred by deed.
II. Unit owners are stockholders in the corporation that E. Employment Agreements between Broker and
owns the condominium complex. other Licensees (including supervision)
(A) I only
(B) II only 2. Real Property Ownership/Interest (14
(C) Both I and II Questions)
(D) Neither I nor II
Answer A A. Freehold Estates (rights of ownership)
Former Brokers (Non-Provisional) Applicants must satisfy all requirements for original licen-
sure. In other words, the applicant will be treated as though
A former broker (non-provisional) seeking reinstate- never licensed. Thus, the applicant must first complete the
ment of a license expired for more than six months or 75-hour broker prelicensing course (or demonstrating qual-
revoked or surrendered for any period of time must dem- ifications sufficient for course waiver, such as a license in
onstrate current knowledge of real estate brokerage as de- another state) AND pass both the National and State
scribed below. sections of the license examination (applicant must pass
only the State section of the license examination if he or
Broker (Non-Provisional) License Expired for More she possesses an active salesperson or broker license in an-
than Six Months But Not More than Two Years (or other state). The applicant must also satisfy the requirement
Revoked or Surrendered for Any Period of Two Years to demonstrate the requisite character as is the case for all
or Less) applicants. [See License Qualification Requirements sec-
tion of this booklet.]
Alternatives for Demonstrating Current Knowledge The applicant will then be issued a provisional broker
of Real Estate Brokerage: license with a new license date (on inactive status pending af-
filiation with a broker-in-charge) and then must complete the
1. Complete one 30-hour postlicensing course 90-hour postlicensing education requirement in the same man-
(applicants choice), including passing the course ner as required for a new licensee in order to remove the pro-
Real Estate Licensing in North Carolina 27
visional status of the broker license, except that an applicant she possesses an active salesperson or broker license in an-
who is licensed as a broker in another state will be reinstated other state). The applicant must also satisfy the requirement
as a broker (non-provisional) on active status and will to demonstrate the requisite character as is the case for all
not need to complete the postlicensing education requirement. applicants. [See License Qualification Requirements sec-
After licensure, continuing education (CE) will first need to tion of this booklet.]
be completed prior to the second license renewal following The applicant will then be issued a provisional broker
reinstatement. [See the section of this booklet on License license with a new license date (on inactive status pending af-
Qualification Requirements for further details.] filiation with a broker-in-charge) and then must complete the
90-hour postlicensing education requirement in the same man-
Former Provisional Brokers and ner as required for a new licensee in order to remove the pro-
Salespersons visional status of the broker license, except that an applicant
who is licensed as a broker in another state will be reinstated
A former provisional broker seeking reinstatement of as a broker (non-provisional) on active status and will
a license expired for more than six months or revoked or not need to complete the postlicensing education requirement.
surrendered for any period of time must demonstrate cur- After licensure, continuing education (CE) will first need to
rent knowledge of real estate brokerage as described below. be completed prior to the second license renewal following
reinstatement. [See the section of this booklet on License
Provisional Broker License Expired for More than Six Qualification Requirements for further details.]
Months But Not More than Five Years (or Revoked or
Surrendered for Any Period of Five Years or Less) Additional Alternative for Any
Alternatives for Demonstrating Current Knowledge of License Reinstatement Applicant
Real Estate Brokerage: with Extraordinary Education and/or
1. Complete any of the three 30-hour postlicensing Experience Qualifications
courses not taken within three years prior to filing
the reinstatement application (all three 30-hour Any former licensee desiring license reinstatement may,
courses for former salespersons and for former in lieu of demonstrating current knowledge of and compe-
provisional brokers on PBT status who failed tence in real estate brokerage under one of the alternatives
to complete the 24-hour Broker Transition Course described above, request in connection with a license rein-
prior to April 1, 2008). Upon satisfying alternative statement application that the Commission consider his/her
(1) and all other requirements described in the particular real estate education/experience qualifications to
General Requirements section, the applicant will be equivalent to a stated alternative applicable to his/her sit-
be reinstated as a broker (non-provisional) on uation. Any such requests will be evaluated on an individ-
active status. In other words, the provisional ual basis. Any former licensee considering this alternative is
status of the old license will be removed because cautioned that any real estate education/experience forming
the applicant has now completed the entire the basis for such special request must be recent and sub-
postlicensing education requirement. CE will first stantial, and must clearly demonstrate the individuals current
need to be completed prior to the second license knowledge of real estate brokerage (as opposed to some related
renewal following reinstatement. field). The applicant should include with the application a
OR detailed description of all real estate or related experience
2. Satisfy all requirements for original licensure as and real estate education since license expiration.
described below for provisional brokers with a
license expired, revoked or surrendered for more Possible Disciplinary Action for
than five years. Unlawful Activity
Provisional Broker License Expired, Revoked or Brokerage experience acquired unlawfully while a license
Surrendered for More Than Five Years is expired, revoked or surrendered will not be recognized
for the purpose of demonstrating current knowledge of real
Applicants must satisfy all requirements for original licen- estate brokerage in connection with a license reinstatement
sure. In other words, the applicant will be treated as though application. Moreover, an inquiry regarding such activity
never licensed. Thus, the applicant must first complete the may be conducted by the Commissions Legal Division and
75-hour broker prelicensing course (or demonstrating qual- the person involved may be subject to disciplinary action.
ifications sufficient for course waiver, such as a license in
another state) AND pass both the National and State
sections of the license examination (applicant must pass
only the State section of the license examination if he or