InterVene Raises $5.9 Million in Series A Funding to Correct Deep

Document technical information

Format pdf
Size 983.2 kB
First found Jun 9, 2017

Document content analysis

Language
English
Type
not defined
Concepts
no text concepts found

Persons

Organizations

Places

Transcript

Alleghany
Ashe
Mitchell
Buncombe
40
Haywood
Swain
26
Henderson
Jackson
Macon
Cherokee
Yadkin
Forsyth
Winston-Salem
Alexander
Iredell
McDowell
Burke
Alamance
Guilford
40
Northampton
Warren
Durham
95
Rowan
Catawba
77
Davidson
85
Gaston
Transylvania
Clay
Charlotte
Randolph
Stanly
Edgecombe
Washington
Lee
Montgomery
Moore
Richmond
Hoke
Scotland
Sampson
Lenoir
Craven
New Bern
Cumberland
Pamlico
Jones
Duplin
Onslow
Jacksonville
Carteret
Robeson
Bladen
40
Columbus
Real Estate
Licensing in
North Carolina
Pender
Wilmington
Brunswick
Published by the North Carolina
Real Estate Commission
July 2014
Scan the code below to access the
Commission Web site from your
mobile devices.
This booklet contains:
• Information on the Licensing Process and
License Qualifications
• License Examination Information
• Instructions for applying online
Dare
Hyde
Greene
Wayne
Tyrrell
Beaufort
Harnett
Fayetteville
Anson
Pitt
Washington
Mecklenburg
Union
Martin
Wilson
Johnston
Cabarrus
Cleveland
Bertie
Rocky Mount
Raleigh
Asheboro
Currituck
Camden
Pasquotank
Perquimans
Chowan
Halifax
Nash
Franklin
Wake
Gates
Hertford
85
Orange
Durham
Greensboro
Davie
Lincoln
Rutherford
Polk
Vance
Granville
Caswell
Chatham
Asheville
Graham
Wilkes
PKY
Caldwell
Yancey
Madison
Rockingham
Person
Watauga
Avery
Stokes
Surry
USING THIS BOOKLET
North Carolina’s Real Estate License Structure
North Carolina operates a “broker only” real estate licensing system. For an overview of this system and the various
license categories, see pages 3-4.
License Application Process and Qualification Requirements
The North Carolina Real Estate Commission licenses individuals and business entities as real estate brokers. This
booklet is designed to guide all prospective applicants for individual real estate broker licensees through the license
application process. If you are interested in applying for an individual real estate license, you should read this
booklet carefully, especially pages 3-11, and follow all instructions precisely. Use the detailed Contents page to
locate specific information you need. If you are interested in obtaining a firm broker license for a business entity, see the
Commission’s web site, www.ncrec.gov, for an application and instructions.
The License Examination
Pages 11-23 of this booklet contain essential information for all persons required to take the license examination.
The booklet provides general information about the examination, examination fee, scheduling an examination, taking
the examination and examination rules and procedures.
New Licensee Information
Information about license issuance and activation, postlicensing education, continuing education and license renewal begins on page 24.
License Reinstatement
Information about license reinstatement begins on page 26.
North Carolina Real Estate License Law and Commission Rules
The North Carolina Real Estate License Law, Real Estate Commission Rules, Trust Account Guidelines and License
Law and Rule Comments may be found at the Commission’s website, www.ncrec.gov, as well as in the booklet North
Carolina Real Estate License Law and Commission Rules, which can be ordered online at the Commission’s website.
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
North Carolina Real Estate Commission
1313 Navaho Drive, P.O. Box 17100
Raleigh, North Carolina 27619
Phone 919/875-3700
Contents
INTRODUCTION..........................................................................................................................3
Who Is Required to Have a Real Estate License in North Carolina..................................................................... 3
License Categories/Status Levels........................................................................................................................3
LICENSE QUALIFICATION REQUIREMENTS ...........................................................................4
Education Qualification Options...................................................................................................4
APPLICATION PROCESS...........................................................................................................6
Overview..............................................................................................................................................................6
Completing the Application Form.........................................................................................................................6
Online Application ...............................................................................................................................................6
Paper Application ................................................................................................................................................8
Paper Application Enclosures..............................................................................................................................9
Paper Application Filing ...................................................................................................................................10
Criminal Record Report Requirement................................................................................................................10
Consideration of Applicant’s Character..............................................................................................................10
Updating Application Information ...................................................................................................................... 11
THE LICENSE EXAMINATION ................................................................................................. 11
General Information........................................................................................................................................... 11
Preparing for Exam “State” Section...................................................................................................................12
Examination Question Formats..........................................................................................................................12
Examination Content Outline.............................................................................................................................13
Examination Forms............................................................................................................................................16
Number and Value of Questions........................................................................................................................16
Passing Score....................................................................................................................................................16
Helpful Hints.......................................................................................................................................................16
APPLYING FOR AND SCHEDULING AN EXAMINATION.........................................................17
Obtaining a Notice of Examination Eligibility......................................................................................................17
180-Day Examination Eligibility Period..............................................................................................................19
Examination Fee to AMP...................................................................................................................................19
Making an Examination Appointment with AMP.................................................................................................19
Rescheduling a Scheduled Examination with AMP...........................................................................................19
Special Arrangements for Candidates with Disabilities......................................................................................19
Telecommunication Devices for the Deaf...........................................................................................................20
AMP Assessment (Test) Center Locations ........................................................................................................20
Reporting to the Assessment Center ..................................................................................................... 20
Required Identification and Signature................................................................................................................21
Items to Bring and Prohibited Items...................................................................................................................21
Examination Rules.............................................................................................................................................21
Taking the Examination......................................................................................................................................22
Examination Time .............................................................................................................................................22
Examination Results..........................................................................................................................................22
License Issuance for Passing Applicants ..........................................................................................................23
RETAKING A FAILED OR MISSED EXAMINATION..................................................................23
Expedited Reapplication and Exam Rescheduling for Previously
Scheduled Applicants for Examination (Apply Directly to AMP).........................................................................23
Applicants Who Must Refile an Application with the Commission..................................................................... 23
OTHER EXAMINATION INFORMATION...................................................................................24
Forfeiture of Fees...............................................................................................................................................24
Excused Absences.............................................................................................................................................24
Inclement Weather, Power Failure or Emergency.............................................................................................24
NEW LICENSEE INFORMATION..............................................................................................24
Issuance of Licenses.........................................................................................................................................24
Initial Licenses Are Inactive Provisional Broker Licenses..................................................................................25
Activation of Initial Inactive Provisional Broker License ....................................................................................25
Requirement for Active Status and Notification of Changes in Employment or Address................................... 25
License Renewal................................................................................................................................................25
Postlicensing Education for Provisional Brokers................................................................................................25
Real Estate Licensing in North Carolina
1
Postlicensing Course Waiver Based on “Equivalent Education/Experience”..................................................... 25
Distinguishing Postlicensing Education and Continuing Education................................................................... 26
Continuing Education.........................................................................................................................................26
LICENSE REINSTATEMENT.....................................................................................................26
License Expired Six Months Or Less.................................................................................................................26
License Expired for More Than Six Months or Revoked or Surrendered for Any Period of Time...................... 26
Former Brokers (Non-Provisional).....................................................................................................................27
Former Provisional Brokers and Salespersons..................................................................................................28
Additional Alternative for Any License Reinstatement Applicant with
Extraordinary Education and/or Experience Qualifications................................................................................28
Possible Disciplinary Action for Unlawful Activity...............................................................................................28
2
Real Estate Licensing in North Carolina
INTRODUCTION
T
his booklet has been prepared and published by
the North Carolina Real Estate Commission for
the purpose of providing information to interested persons
regarding the requirements and procedures for obtaining
North Carolina real estate licenses. Although every effort
has been made to consolidate into this single publication
basic information concerning the major areas of interest to
prospective real estate licensees, many questions may have
been left unanswered. Therefore, persons who desire more
detailed information regarding specific points of concern are
advised to contact the Licensing Section at the Real Estate
Commission Office.
This publication is required reading for anyone
interested in obtaining a North Carolina real estate
license. READ IT CAREFULLY!
Additional printed copies of this booklet are available
without charge from the North Carolina Real Estate Commission. A PDF version of this booklet is also available on
the Commission’s website at www.ncrec.gov.
Who Is Required to Have a Real Estate
License in North Carolina
In general, any person or business entity who transacts
real estate brokerage business (including time share transactions) for compensation as an agent for another must first
obtain a real estate license issued by the North Carolina Real
Estate Commission. The Real Estate Commission, an independent government agency of the State of North Carolina, is responsible for licensing and regulating all real estate
agents in this state. Operating as a real estate agent in North
Carolina without the proper license is a criminal offense.
The types of real estate licenses issued in North Carolina are
discussed below. For more information concerning North
Carolina real estate licenses and the laws and rules governing
real estate brokerage practice in North Carolina, go to the
Commission’s website at www.ncrec.gov.
License Categories/Status Levels
North Carolina is a “broker license only” state, meaning that there is only one basic “type” of license – a broker
license. However, there are several “categories” or “status levels”
of broker license as described below:
PROVISIONAL BROKER – This is the entry-level license status level. Upon satisfying all the license qualification
requirements (including, for most applicants, passing the license examination) most license applicants are initially issued
a “provisional broker” license, which is technically a broker license on “provisional” status. A provisional broker
may generally perform the same acts as a broker so long as
he or she is supervised by a broker who is a designated brokerin-charge, but provisional brokers cannot operate independently. Once licensed, a provisional broker must complete,
within prescribed time periods, a postlicensing education
program in order to terminate the “provisional” status of his
or her license and to remain eligible for “active” license status,
which is required in order to engage in brokerage activity.
[NOTE: Some applicants who hold a broker license in another jurisdiction may be eligible to directly obtain a broker
license that is NOT on “provisional” status – see the section
on “License Qualification Requirements.”]
BROKER – This is the primary individual license. One
becomes a broker by first becoming a provisional broker
and satisfying the postlicensing education requirements to
terminate the “provisional” status of his or her license. A
“broker” is authorized to engage in brokerage in one of the
two following capacities:
(1) Work for a licensed real estate brokerage “firm” or
another sole proprietor broker/broker-in-charge.
(2) Operate independently as a “sole proprietor;” however,
if the broker-sole proprietor will engage in activities requiring him or her to also be designated as a broker-in-charge
(described below under “BROKER-IN-CHARGE”), then
he or she must also qualify as a broker-in-charge. (IMPORTANT NOTE: This means that an independent broker-sole
proprietor must also be a broker-in-charge to lawfully engage
in most brokerage activities.)
BROKER-IN-CHARGE – A broker-in-charge is another “status level” of broker license, commonly referred to
as a broker-in-charge “designation.” Each real estate office
must have a broker-in-charge designated with the Real Estate Commission for the office and each broker-sole proprietor who will handle trust funds requiring deposit in a trust
account, have other licensees affiliated with him or her, or
advertise or promote his or her services in any manner (including distribution of business cards or listing property for
sale or lease) must also first designate himself or herself as a
broker-in-charge. To qualify to be a broker-in-charge, a
broker must have two (2) years full-time or part-time equivalent brokerage experience in any state within the previous five
(5) years, or be found by the Commission to possess equivalent
qualifications. [See the Commission’s website at www.ncrec.
gov for more information on broker-in-charge requirements
and responsibilities.]
FIRM – A firm license is a broker license issued to a
business entity. A business entity (corporation, limited liability company, partnership, etc.) must hold a real estate
“firm” license in order to engage in real estate brokerage
activities. Sole proprietorships are exempt from the firm
licensing requirement. A firm license application and instructions may be obtained by accessing the Commission’s
website at www.ncrec.gov.
LIMITED NONRESIDENT COMMERCIAL BROKER – A limited nonresidential commercial broker license is technically a separate license and may be issued to
Real Estate Licensing in North Carolina
3
a broker or salesperson residing in a state other than North
Carolina who holds an active real estate broker or salesperson
license in the state where his/her primary place of real estate
business is located. A person holding a limited nonresident
commercial broker license may engage in transactions for
compensation involving “commercial real estate” in North
Carolina, but must enter into a declaration of affiliation and
a brokerage cooperation agreement with a resident North
Carolina broker for each commercial transaction conducted
in North Carolina and must be supervised by that North
Carolina broker while performing commercial real estate
brokerage services in North Carolina. An application form
and instructions may be obtained by accessing the Commission’s website at www.ncrec.gov.
LICENSE QUALIFICATION REQUIREMENTS
To qualify for a real estate broker license, an applicant must:
(1) Be at least 18 years of age;
(2) Be a United States citizen, a non-citizen national or a
qualified alien under federal law, or have a lawful presence in the U.S. and be authorized to work in the U.S. in
the real estate brokerage field; [Notes: A holder of a U.S.
Permanent Resident Card (“Green Card”) is a “qualified
alien.” Work authorization in the U.S. for most other
aliens requires a U.S. immigration visa (rather than a
visitor visa) and/or an Employment Authorization Document from the U.S. Citizenship and Immigration Service that permits work in the real estate brokerage field.]
(3) Have a social security number;
(4) Satisfy one of the Education Qualification Options
listed below;
(5) File a complete application and fee;
(6) Pass the real estate license examination (Exceptions:
Persons eligible to take only the “State” section of
the examination under qualification option #4 below
and some license reinstatement applicants); and
(7) Satisfy the Commission that they possess the requisite
character to be entitled to licensure.
Education Requirement
Applicants must complete a 75 classroom hour Broker Prelicense Course at a North Carolina school approved by the Commission or possess education and/or real estate experience the Commission finds equivalent to such course.
Education Qualification Options
Shown below are four (4) options for satisfying the education requirement. Option 1 is the base requirement to complete
the 75 classroom hour prelicense course in North Carolina, which will be the required qualification method for a vast majority of applicants. Options 2-4 are options for demonstrating “equivalent real estate education and/or experience.”
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 examination. Applicants qualifying under education qualification Option 4 are required to take only the “State” section of
North Carolina’s real estate license examination.
Option #1
Completion of the Prescribed
75-Classroom Hour North
Carolina Broker Prelicense
Course
An applicant (resident or nonresident) may qualify for the North Carolina
real estate license examination by completing (passing), within three years prior
to license application, a Commission-approved 75-classroom hour Broker Prelicense Course in North Carolina. [This course is only available in a live instruction
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 #2
Completion in Another State
of a Real Estate Salesperson
Prelicense Course of at Least
75 Classroom Hours
4
An applicant (resident or nonresident) seeking waiver of the 75-hour North
Carolina broker prelicense course based on completion of salesperson prelicense
education in another state may qualify to waive the prelicense course and to
directly take the North Carolina real estate license examination if the completed
prelicense education in the other state: (1) consisted of at least 75 classroom (or
legitimately equivalent) hours of instruction [no partial credit granted]; (2) was
Real Estate Licensing in North Carolina
completed within three years prior to application and while the applicant was a resident of the other state; and (3) constituted
the entire state-approved prelicense education program in that state.
Required Documentation:
Course completion certificate or transcript showing course titles, dates and number of classroom (or equivalent) hours,
and evidence that the course was an approved salesperson course in the other state.
Option #3
Education and/or Unlicensed
Experience in Real Estate Equivalent to the Broker Prelicense
Course
An applicant (resident or nonresident) for licensure by examination with
substantial real estate education other than prelicensing courses and/or extensive
experience in real estate transactions may, in some very few instances, be found by
the Commission to possess real estate education and/or experience equivalent
to the broker prelicense course. Applicants bear the burden of satisfying the
Commission that their education and/or experience justifies a course waiver. A
substantial portion of the qualifying education and/or experience must have been during the previous three years.
Note: In addition to covering basic general real estate law, principles and practices, the prelicense course focuses heavily
on the laws and practices relating to working as a real estate broker that are not taught in other real estate principles or law
courses. Consequently, applicants are cautioned that a waiver of the prelicense course based on other education or experience (other than licensure as a real estate agent in another jurisdiction) is very difficult to obtain and is infrequently granted.
Examples of Education/Experience Found Acceptable
Provided below are a couple of examples of qualifications the Commission has found sufficient to justify waiver of the
broker prelicense course:
(1) Experience as a licensed attorney with a practice that consisted primarily of handling real estate closings and related real estate matters in North Carolina for the three years immediately preceding application. (Licensure as an
attorney without substantial real estate practice is not sufficient.)
(2) Full-time, lawful experience selling new homes owned by a corporate homebuilder as a bonafide employee of the
corporate homebuilder for three years immediately preceding application. (Experience must have been in directly
handling or supervising sales rather than other aspects of the homebuilding operation. The number of sales is a
major factor.)
Notes: Lawful, unlicensed experience in property management or experience in specialized real estate related fields such as
appraisal, mortgage lending, investment, development or consulting will NOT, standing alone, be acceptable under this option
because of the prelicense course’s primary focus on sales. Moreover, experience consisting only of personally buying and selling real
estate on one’s own account will rarely be acceptable under this option. Also, note that experience that required a real estate license
and was therefore illegal may not be used as qualifying experience.
Required Documentation:
For real estate education, course descriptions and copies of transcripts or certificates if available. Otherwise, list each
course taken and provide dates and course descriptions. (Education documentation not required for attorneys.)
For real estate experience, provide a detailed description of all such experience in sale, purchase and/or lease transactions,
including a list of transactions, showing for each transaction the type of property, transaction date, description of the applicant’s role in the transaction and an indication of whether or not a real estate agent was involved in the transaction.
Option #4
Licensure as a Real Estate
Salesperson or Broker in
Another State
An applicant (resident or nonresident) who holds a current real estate license
in another state (or U.S. territory or Canadian jurisdiction) that has been on
active status within the previous three years may qualify to waive the prelicense
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 licensed. 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 applicant’s 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 licensure 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 Commission’s 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.
APPLICATION PROCESS
Overview
Following is an overview of the process for obtaining a
real estate license:
(1) Prospective applicant completes required real estate
prelicense course or otherwise satisfies education
qualification requirement.
(2) License application, fee and required documentation filed with Commission.
(3) Application reviewed to determine applicant’s eligibility for the license examination.
(a) Online applications (available at this time only
for North Carolina resident applicants who have
completed a North Carolina Broker Prelicense
Course) must be complete before the application is accepted for review by staff.
(b) Paper applications must also be reviewed
by staff after receipt. If the applicant is not
qualified under one of the four license qualification options previously discussed, the
application is canceled and is returned to the
applicant. If the application is incomplete, the
application will likely be returned to the applicant for proper completion.
(4)Online and paper applicants eligible for examination are sent a notice of examination eligibility within 2-3 days after application receipt.
Those who applied online are sent the notice by
email. Applicants who applied by paper application are sent the examination notice by regular
mail and thus will not receive it for 2-3 days
after it is sent.
(5) Applicant contacts the testing service to pay the examination fee and to schedule and take the license
examination.
(6) If applicant fails the license examination, he or she
may reschedule and retake the examination in accordance with the instructions contained in the section of this booklet on “THE LICENSE EXAMINATION.”
(7) If applicant passes the license examination:
(a) If there are no issues relating to the applicant’s
character, his or her license is promptly issued
and should be received in the mail within seven days of the examination date.
6
(b) If there is some issue relating to the applicant’s
character, the application is reviewed by Commission staff and may be referred to the Commission for further consideration as to whether the applicant has the good character necessary for licensure. This process may become
quite lengthy. See the subsequent discussion
of “Consideration of Applicant’s Character” in
this section of the booklet.
Timeframe for Obtaining a License
The entire application-examination-licensing process
may be completed in as little as ten (10) days after application filing by qualified applicants who file complete applications, schedule and take the examination promptly after
receiving their notice of examination eligibility, pass the
examination on their first attempt and have no character
issues. Filing a paper application slows the process by a few
days, but the main thing that extends the process is an applicant with character issues that must be reviewed by the
Commission following the applicant’s passing the examination. This is discussed in detail later in this section.
Completing the Application Form
Any person wishing to obtain an individual real estate
license must complete and file with the Real Estate Commission the Application for Real Estate License. Most applicants may file their application online and are strongly
encouraged to do so. An applicant may also file a paper application if unable to file an application online. Instructions
for filing online and paper applications are provided below.
Online Application
To be eligible to apply online for a real estate license, an
applicant must be a North Carolina resident who completed the 75-hour Broker Prelicensing Course on or after May 1, 2011. If you do not meet that requirement or
if you are applying for license reinstatement, you are not
currently eligible to complete the online application. You
must complete a paper application.
The online application program is available through the
Commission’s website at www.ncrec.gov and an applicant
may begin the application process prior to the completion
of a prelicensing course. The applicant may also access his/
her application as frequently as needed in order to add or
Real Estate Licensing in North Carolina
amend information up to the point of submitting the completed application to the Commission for review.
The online application program will not allow an applicant to enter his/her credit card payment and finalize his/her
application until (1) the applicant has completed the prelicensing course, (2) the school has electronically reported the
completion of the course and (3) the applicant has obtained
a criminal record report as described below. Once the applicant enters his/her payment for the license application fee,
the application will enter the normal and customary review
process and will no longer be accessible to the applicant.
Accessing the Online Application. In order for an applicant to access the online application, he/she must go to
the “Licensing” link on the Commission’s Homepage (www.
ncrec.gov), select “Appy for License”, click on “Apply Online” and complete the application as indicated below:
(1) Click on “Create a Login.”
(2) Username - Applicant’s Email Address is his/her
username.
(3) Password - Create a unique password and make a
note of it for future use.
CAUTIONARY NOTE: Every log-in will require the
unique password created by the applicant and the online
application will not allow an applicant to change the password. Therefore, the applicant must be certain to either
choose a password that he/she can easily remember or record
the password in a secure location for future use.
Obtaining a Criminal Background Check. Each applicant for a broker license must submit a criminal background
report as indicated in the subsequent section “Criminal Record Report Requirement.” Please refer to this section for
specific details. Online broker applicants should request
and order this report through the actual online application.
Once an applicant has created a login, the applicant will
be given an option to “Apply for background check” or to
access the “Application.” An applicant must choose the “Apply for background check” option and follow all applicable
instructions to place an order for a criminal background
check online with the appropriate agency. Once the criminal background report has been completed, the reporting
agency will automatically attach the completed background
report electronically to the applicant’s online broker application. Each applicant may also access a copy of his/her criminal background report from the reporting agency’s website
once the report has been completed.
Completing the Online Application. Complete all
required items as described below. Note that once an applicant has entered his/her personal information, he/she is
considered officially “registered” in the system and may exit
the application and return to the application any time up
until the point of entering his/her payment and submitting
the application to the Commission for review.
General Instructions:
(1) Applicant must “save” updates each time any infor-
mation has been updated.
(2) Punctuation marks (including commas, single and
double quotation marks, hyphens, etc.) are not accepted. If an applicant has a hyphenated last name,
the applicant must enter both names leaving a space
between the two names omitting the hyphen.
(3) The online broker application cannot be accepted
for review by the Commission until it is COMPLETE, meaning that all required fields/items
must be filled in per the instructions, the school
must have electronically reported the completion
of the applicant’s prelicensing course, the criminal
background report must have been completed and
electronically attached by the reporting company
and the prescribed application fee must have been
paid by credit card as further explained below.
Instructions for Selected Items:
Legal Name. Enter in Item #1 your true legal name,
including your full first and middle names. Include any
suffix (Jr, III, etc.) in the applicable space. Do not enter
a nickname or an initial in any space. Your legal name is
the name you were given at birth or subsequently acquired
through marriage, court order or adoption, and should be
the name that appears on your driver license (driver license
may show middle initial rather than full middle name). If
your current legal first and last names do not appear on your
driver license, you should have your driver license reissued
in your current legal name to avoid identification problems
when you appear for your real estate license examination.
Address. There is a link within Item #2 that will allow
you to locate your 9-digit zip code. Without this information, the online application system will not allow you to
submit your application. You must enter your address exactly as provided by the USPS via the link.
Social Security Number. Providing your social security
number is MANDATORY, not optional. The Commission
is required by law to collect your social security number but
also to protect the number from public access and improper
disclosure. Your social security number is not “public information” and may only be disclosed as authorized by law.
Additionally, the Commission requires each school to collect the last four digits of each student’s social security number no later than by the completion date of the student’s
prelicensing course.
School, Instructor and Course Information. Item #9
will contain a drop down box in order to allow you to select the school where you completed the prelicensing course.
You must also fill in the code number for your instructor and
the course completion date. This information is provided to
you on the course completion certificate issued to you by
the school once you have passed the prelicensing course. If
you enter an incorrect instructor code number, the online
application will not allow you to submit your application for
review. Note: If you did not complete a Broker Prelicense
Real Estate Licensing in North Carolina
7
Course in North Carolina, you are not eligible to complete
the online application. You must submit a paper application.
First-time Exam Takers. If you have never previously
taken the North Carolina real estate licensing examination
and this will be your first time taking the examination,
blacken the “Yes” circle in Item #10. Otherwise, blacken
the “No” circle in Item #10.
License History. In item #11, you must indicate whether or not you have held a real estate license in NC or elsewhere. If you have, you must follow the additional directions in this section of the license application.
Places of Residence. In Item #12, list all places you
have resided during the past seven (7) years, beginning with
your current address working backwards in time. If you fail
to account for your residency for any period of time within
the past seven years, the online application system will not
allow you to submit your application as your application
will be considered incomplete.
Employment History. In Item #13, describe all employment for the past three (3) years, including self-employment
or work as an independent contractor. List present employment first and indicate “None” for any period you were not
employed. If you fail to account for your employment for
any period of time within the past three years, the online
application system will not allow you to submit your application as your application will be considered incomplete.
Criminal Offenses, Professional License Disciplinary
Actions and Liens or Unpaid Judgments. The three questions asked by Items #14-16 relate to matters that may affect
the Commission’s determination as to whether you possess
the requisite “Character” for licensure. It is extremely important that you honestly answer these questions and provide the
required explanations and documentation as required. Failure
to disclose a matter relating to your character is a separate character issue that may be considered in addition to the underlying
offense or issue. Failure to answer or provide all required information will result in your application being returned or in an
application processing delay.
Note: If you check “Yes” to any of these questions, you will be provided with a drop down box
with additional instructions and space to type in
any necessary explanations. You must be sure to
provide a detailed account of the actions that led
to each specific conviction. You may also attach
additional documents as described on the next
page for “Character Information” under the heading “Paper Application Enclosure.”
Signature. By checking the box “I certify that I am the
person shown above, and all the information is correct . . .”
you are submitting an electronic signature. In submitting
this electronic signature, you are agreeing to all of the terms
outlined in the paragraph next to the box where you will
8
place a “check.” Please carefully read this information prior
to submitting an electronic signature.
Application Fee. Once you have completed the entire
application, you will be able to pay the $30.00 application
fee and submit the application to the Commission. The application fee for the online application is payable ONLY by
credit card (Visa, MasterCard, and Discover).
Note: The credit card information will not be accepted if
there are INCOMPLETE application fields or if your course
completion has not been reported by your school or if you have
not obtained your criminal record report. If you receive an
error message indicating that your credit card cannot be accepted, you must first review all application fields to be sure
that all fields have been properly and accurately completed.
You must “save” all updates in order to properly update your
application.
Exam Eligibility. If the application meets all of the
Commission’s eligibility requirements, a Notice of Eligibility to take the real estate licensing examination will be issued
via email. Each online broker applicant must adjust the permissions on his/her computer to allow the receipt of emails from
the email address “LICAPPdonotreply.gov” in order to receive
the Notice of Eligibility via email. Additionally, the applicant
will be mailed the Notice of Eligibility.
Paper Application
The paper application form must be used to apply for a
broker license by examination when an applicant cannot use
the online application option. This application form must
also be used to apply for a license for reinstatement of an
expired, revoked or surrendered license.
Only an original application form obtained from
the Commission office may be used to file a paper application. You may NOT use a COPY of this
application form to file an application and the application may NOT be filed by FAX or EMAIL. To
request a paper application form, call the Commission (919)-875-3700, email to [email protected]
gov, or fax to (919) 877-4227.
Applicants are cautioned to carefully read and follow the
instructions on the application form and in this booklet.
Failure to properly complete this form and submit all required attachments will result in cancellation and return of
the application and delay in taking the license examination
and/or obtaining a license. Several points to especially remember are noted below:
Print clearly using BLACK ink. Your application must
be legible, so print clearly in black ink. Page 2 of the application must be scanned using an electronic scanner — thus
it is very important that you place one letter or number in
each box and skip a box between words, names, etc.
Legal Name. Enter in Item #2 your true legal name,
Real Estate Licensing in North Carolina
including your full first and middle names. Include on the
line with your last name any applicable suffix (Jr, III, etc.).
Do not enter a nickname or an initial. Your legal name is
the name you were given at birth or subsequently acquired
through marriage, court order or adoption, and, should be
the name that appears on your driver license (driver license
may show middle initial rather than full middle name). If
your current legal first and last names do not appear on your
driver license, you should have your driver license reissued
in your current legal name to avoid identification problems
when you appear for your real estate license examination.
Social Security Number. Providing your social security
number is MANDATORY, not optional. The Commission
is required by law to collect your social security number but
also to protect the number from public access and improper
disclosure. Your social security number is not “public information” and may only be disclosed as authorized by law.
School, Instructor and Course Information. If you
are applying to take the examination, enter the school code
number, instructor code number and course completion
date of your Broker Prelicense Course in Item #10. This
information is on your course completion certificate. If you
did not complete a Broker Prelicense Course in North Carolina, leave this item blank.
First-time Exam Takers. If you have never previously
taken the North Carolina real estate license examination and
this will be your first time taking the examination, blacken
the “Yes” circle in Item #11. Otherwise, blacken the “No”
circle. If you are an applicant for a reciprocal license, or if
you are applying for license reinstatement and you are not
required to pass the examination, leave this item blank.
Places of Residence. In Item #14, list all places you
have resided during the past seven (7) years, beginning
with your current address and working backwards in time.
If you fail to account for your residency for any period of
time within the past seven years, your application will be
considered incomplete and will be returned to you. Enclose
an additional sheet if needed.
Employment History. In Item #15, describe all employment for the past three (3) years, including self-employment or work as an independent contractor. List present employment first and indicate “None” for any period
you were not employed. Enclose an additional sheet if
needed.
Criminal Offenses, Professional License Disciplinary
Actions and Liens or Unpaid Judgments. The three questions asked by Items #16-18 relate to matters that may affect
the Commission’s determination as to whether you possess
the requisite “Character” for licensure. It is extremely important that you honestly answer these questions and provide all the
required explanations and documentation as described on the
application form. Failure to disclose a matter relating to your
character is a separate character issue that may be considered in
addition to the underlying offense or issue. Failure to answer or
provide all required information will result in your application
being returned or in an application processing delay.
Signature. Don’t forget to sign and date the application.
When signing an application, the applicant certifies that all
information provided in connection with the application is
accurate and complete. Any omission, inaccuracy, or failure
to make full disclosure in the application may be deemed sufficient reason to deny permission to take an examination, to
deny license issuance, or to revoke a license after issuance.
Paper Application Enclosures
In addition to properly completing the application form,
the applicant must enclose:
1. Course Completion Certificate(s) or other documentation of qualifications (See “License Qualification Options” under “License Qualification Requirements”);
2. Application Fee. The application fee for an original broker license is $30.00 ($55 for reinstatement
of a license expired for more than six months) and
must be paid by either a cashiers check, certified check, or money order. Personal or business
checks are not accepted. If two or more applications
are submitted in the same envelope, separate checks
or money orders must be submitted with each application.
THE COMMISSION DOES NOT ACCEPT CASH,
PERSONAL CHECKS OR COMPANY CHECKS FOR
THE APPLICATION FEE.
Commission rules provide that once an application has
been filed and processed by the Commission, the application fee may not be refunded.
3. Criminal Record Report as described in the instructions on the license application form and under “Criminal Record Report Requirement” below;
4. Character Information. All the required information
described in a. - c. below when an applicant answers
“Yes” (or should answer “Yes”) to the items on the
application form relating to criminal offenses, professional license disciplinary actions or liens/judgments;
a. Criminal Offenses: Submit a detailed written
explanation in your own words describing the
circumstances surrounding each offense/pending charge and addressing why you think you
should be licensed in spite of the offense(s).
Also, submit a copy of the court judgment for
any conviction (or arrest warrant or bill of indictment for any pending charge) not shown
on your criminal record report.
b. Professional License Disciplinary Action:
Submit a detailed written explanation in your
own words describing the circumstances surrounding each action (or pending complaint)
Real Estate Licensing in North Carolina
9
and addressing why you think you should be
licensed in spite of the action. Also, submit a
copy of the licensing agency’s order or pending complaint.
c. Liens or Judgments: Submit a detailed written explanation in your own words describing
the circumstances surrounding each outstanding lien or unpaid judgment resulting from
your failure to pay a debt, your efforts to pay
the debt, the name of the judgment creditor
or lien holder (i.e., the party you owe), the
amount and date of the judgment and lien,
and the current balance. Also, address why
you think you should be licensed in spite of
the outstanding lien(s) or judgment(s).
5. If applicable, an official certification of licensure
issued within the last six (6) months by the appropriate state licensing agency for each state where you
have held a real estate license within the past five (5)
years; and
6. All additional information required for nonresident
applicants (See the “Nonresident Supplement to
the Application for Real Estate License” in the back
of this booklet).
Paper Application Filing
•
• •
•
Use the return envelope provided.
Do not fold the application form.
Include all required enclosures.
Note that EXTRA POSTAGE is required for all
mailed applications, regardless of weight.
Criminal Record Report Requirement
In connection with your application, you must order a criminal record report from the agency listed below and pay the agency
for the report. Only a report prepared by the agency within the
previous six months will be acceptable to the Commission.
CriminalRecordCheck.com (CRC)
Web site: www.ncreccheck.com
Email: [email protected]
Telephone (toll free): 877-272-0266 Ext 2651
Telephone (direct): 919-459-2651
Note: Criminal record reports for persons who have resided in multiple states or outside the United States within
the previous seven years and for some persons who have used
multiple names may involve a substantial cost for the report.
Such persons may want to be certain they have passed their
prelicense course prior to ordering a criminal record report.
Once a criminal record report is ordered and the fee paid,
thre is no refund of the criminal record report fee if the person
ordering the report does not pass his/her prelicense course.
10
Online Broker Applications. CRC will provide an
electronic version of the report directly to the Commission,
where it will be matched up with your online application,
and will also provide a copy to you.
Paper Broker Applications. CRC will provide the report to you and you must attach a copy to your paper application submitted to the Commission.
About the Criminal Record Report. The criminal record report must include the results from a search of criminal records in the state and/or county of each different place
where you have resided during the past seven years and the
search will be conducted for each different name you have
used. Please note that if you have resided outside of the
United States for any period of time during the previous seven years, the background report must also include a search
of criminal records for the particular countries where you
may have resided. CRC’s report will show all felony and misdemeanor convictions (including most traffic convictions) on
record for an applicant, not just those that occurred in the past
seven years. CRC is authorized by the Commission to collect
from you all personal information necessary to conduct records searches and to charge a separate fee for (1) collecting
and verifying personal data, (2) each state or county record
searched and (3) each additional name for which a search is
conducted. Thus, the cost of obtaining the criminal record
report will vary depending on the number of different places
you have resided during the past seven years and the number
of different names you have used. NOTE: The cost of a
criminal records search in some other states (notably New
York) may be substantial.
A criminal record report involving only a search of North
Carolina records will typically be provided within 2-4 business days of placing the order. Most reports involving a search
of out-of-state records will be provided in 5-7 business days.
Searches of records in a few states will require more time.
Most criminal record reports involving a search of records
outside of the United States take 2-3 weeks to obtain. However, there are at least two countries (Canada and Australia)
that may take a considerably longer time. If you have resided
outside of the United States during the previous seven years,
you are encouraged to order your criminal background report
as soon as possible after registering for a prelicensing course.
Consideration of Applicant’s Character
Requirement to Demonstrate Good Character. Every
applicant for a real estate license has the burden of satisfying
the Commission that he or she possesses the honesty, integrity,
good moral character, and general fitness, including mental and
emotional fitness, necessary to protect the public interest and
promote public confidence in the real estate brokerage business.
To enable the Commission to render its decision regarding
an applicant’s character at the earliest possible time, the applicant should submit with his or her application form all
the information required in questions 14-16 on the online
Real Estate Licensing in North Carolina
application or 16-18 on the paper application form relating
to criminal offenses (including serious traffic offenses), professional licensure disciplinary actions and liens/unpaid
judgments. Full disclosure and explanation of every problem
relating to these matters is expected and highly recommended!
Nondisclosure of such information will only increase an applicant’s burden of proving his or her truthfulness, honesty
and integrity.
Criminal Record Report Requirement. Every applicant, including those seeking to reinstate an expired, revoked or surrendered license, must obtain and submit with
his or her application a criminal record report as described
in the previous section on “Criminal Record Report Requirement”.
What Is a “Character Issue?” Any person who has a
criminal record report showing a criminal conviction (including any serious traffic offense, especially DWI) or who answers
(or should have answered) “Yes” to any one of questions 14-16
on the online application or 16-18 on the paper license application relating to criminal offenses, professional licensure disciplinary actions and liens/unpaid judgments is considered to
have a “character issue,” although it should be noted that
the Commission may also consider any other information
that reflects on an applicant’s character.
Procedures for Applicants with Character Issues.
Consideration of an application involving any “character issue”
takes place only after the applicant has passed the license examination or otherwise satisfied all license qualification requirements other than that of demonstrating good character. At
that point, an application involving a character issue is evaluated by the Commission’s Executive Director and License
Application Analyst and, if necessary, the Commission itself
at the next monthly Commission meeting following the applicant’s passing the examination. The applicant is then notified in writing of the Commission’s decision.
Applicants who have a “character issue” (see above
definition) in connection with their application should
allow the Commission 45 days after passing the license
examination to complete its evaluation before inquiring
about the status of their application. In evaluating an applicant who has a “character issue,” the Commission considers all information that may come to its attention regarding
the applicant’s character and reputation. An inquiry may be
made by the Commission to obtain additional information
about matters relating to an applicant’s character. This may
include further search of criminal and civil records and/or a
credit report. The Commission also may request additional
information from the applicant.
At any point during the process of considering character
issues related to an applicant that the Commission determines the applicant possesses the requisite good character,
the applicant’s license will be promptly issued.
If the Commission determines that an applicant has NOT
affirmatively demonstrated that he or she possesses the requisite truthfulness, honesty and integrity for licensure, then ac-
tion will be deferred on the application. The applicant will be
advised of his or her right to request a formal hearing before
the Commission on this matter and that failure to request
such a hearing within 60 days will constitute a waiver of the
right to a hearing and will result in the application being denied. In some instances, the applicant may be offered the
opportunity for an informal conference with a delegation of
Commission members and staff to discuss the character issues
in question before a determination is made by the Commission. Also, in instances where an applicant has a pending
criminal charge or other pending matter that relates to his or
her character, the Commission may postpone further consideration of the application until the pending matter is resolved.
Applicant Check through National Real Estate License
Disciplinary Data Base. Information on all applicants, including those seeking license reinstatement, will be submitted
to a national real estate license disciplinary action data bank
operated by the Association of Real Estate License Law Officials to determine if the applicant has (1) had a real estate license revoked or suspended in another state or has been otherwise disciplined in another state; (2) had a criminal conviction
or civil injunction imposed for engaging in real estate activity
without the required license; or (3) had a real estate license
denied due to matters relating to character.
Updating Application Information
An applicant is required to notify the Commission if any
information provided in connection with an application for
a North Carolina real estate license changes.
THE LICENSE EXAMINATION
General Information
To qualify for a North Carolina real estate license, applicants must pass the North Carolina Real Estate Broker License Examination. Since North Carolina is a “broker only”
license state, there is only one license examination and it is an
entry-level examination designed to determine if an applicant
is minimally competent to practice real estate brokerage. The
only license applicants who are not required to pass the license
examination are some applicants for license reinstatement (see
LICENSE REINSTATEMENT section of this booklet).
Examination Services Provider. The Real Estate Commission contracts with Applied Measurement Professionals, Inc. (AMP), a professional testing service, for examination services, including scheduling applicants for examination and administering the examination.
Examination Has “National” and “State” Sections.
The examination consists of “National” and “State” sections. The “National” section is developed and provided
by AMP. It is the same “National” entry-level real estate
license examination that is administered in all states where
AMP administers the real estate license examinations. The
Real Estate Licensing in North Carolina
11
“State” section of the license examination is developed by
the North Carolina Real Estate Commission and provided
for the Commission by AMP. This section is administered
only to applicants for a North Carolina license.
Combined License Examination. Most applicants must
initially take the combined license examination consisting
of both National and State sections. The combined examination will present questions in a mixed and varied sequence of
topics drawn from the National and State sections. Thus, the
National and State sections will not be presented separately
on the combined examination; however, the two sections will
be separately scored and the candidate’s results of the examination
will be reported separately for the National and State sections. An
applicant may NOT choose to take only one section of the
examination if he or she needs to pass both sections.
Retaking the Combined Examination. An applicant
who fails both the National and State sections of the combined examination must continue to take the combined examination on any subsequent attempt until such time as he
or she passes either the National or State section.
Retaking Only One Section. Once an applicant has
passed one of the two examination sections, he or she may
apply to take the remaining unpassed section. Both sections
must be passed prior to expiration of his or her prescribed
180-day examination eligibility period. (See subsequent
section on “Applying for and Scheduling an Examination.”)
If an applicant only passes one section of the examination
prior to the end of his or her 180-day eligibility period, then
he or she loses the benefit of having passed one section and
must reapply and take both sections.
Note: An applicant qualifying for licensure based on licensure in another state only has to take and pass the State
section of the examination. All other applicants must take
the combined examination.
Preparing for Exam “State” Section
Persons applying for a license based on licensure in another jurisdiction and some license reinstatement applicants
are only required to take the “State” section of the license
examination.
Important Note
The average pass rate for applicants licensed in another
jurisdiction who take only the “State” section of the examination for the first time is only 45%, and the pass
rate for such applicants repeating the examination is only
43%. Unless you take very seriously your responsibility to
prepare for this examination, there is a high probability
that you will not pass the examination on your first attempt or subsequent attempts.
Study Guidelines. You are strongly urged to consult the
“State Section Study Guidelines” found by clicking on the “Licensing” tab on the Commission’s Homepage (www.ncrec.gov)
12
and selecting “Applicants from Another Jurisdiction”. These
guidelines describe examination preparation options that you
should seriously consider. In addition to recommending the
75-hour Broker Prelicense Course, you will find information
about how to find examination “State” section preparatory
courses (online and classroom) and home study packets by
going to the Web site of the North Carolina Real Estate Educators Association (www.ncreea.com), clicking on “Relevant
Links” and looking for the appropriate link that will direct you
to the school offering the course or study materials. The study
guidelines also list study materials that you may purchase for
independent study.
Examination Question Formats
All questions on the license examination are multiplechoice questions that require the applicant to choose the
correct or best answer from the alternate answer choices
provided. Two types of multiple-choice question formats
are used on the licensing examination: (1) the “basic fourchoice” format and (2) the “Roman numeral” format. These
two formats are discussed and illustrated below.
The Basic Four-Choice Format: This basic or standard
multiple-choice question format involves a question or incomplete statement that is followed by four possible numbered alternatives. Examples 1-3 below illustrate this format.
Example 1
The primary body of law governing the relationship between a seller of real estate and the broker with whom the
seller lists his/her property is known as the
(A) Statute of Frauds
(B) Law of Conveyancing
(C) Statute of Limitations
(D)
Law of Agency
Answer: D
Example 2
A broker with ABC Realty listed an owner’s property
at $150,000 and the property was subsequently sold by a
provisional broker with XYZ Realty for $140,000. If the
brokerage commission was 5% of the sale price and was to
be divided equally between the two firms, and if the selling
agent’s share was 60% of his/her firm’s share, how much did
the provisional broker earn on the sale?
(A) $1,400
(B) $2,100
(C) $3,500
(D) $4,200
Answer: B
Example 3
All of the following are associated with the cost approach
to estimating the value of an improved property EXCEPT
Real Estate Licensing in North Carolina
(A) Replacement Cost
(B) Depreciation
(C) Net Operating Cost
(D) Lot Value
Answer: C
The Roman Numeral Format: The Roman numeral
format is merely a variation of the basic four-choice format.
This format involves a question or incomplete statement followed by two possible responses labeled with Roman numerals. These are followed by the four numbered alternative
answer choices. Examples 1-2 below illustrate this format.
Example 1
A valid real estate sales contract must contain
I. an adequate property description.
II. the sale price of the property.
(A) I only
(B) II only
(C) Both I and II
(D) Neither I nor II
Answer C
Example 2
Which of the following statements regarding condominiums is true?
I. Unit ownership is transferred by deed.
II. Unit owners are stockholders in the corporation that
owns the condominium complex.
(A) I only
(B) II only
(C) Both I and II
(D) Neither I nor II
Answer A
Examination Content Outline
Shown below is the content outline for both sections
of the North Carolina real estate license examination. The
content outline shows both the topics to be tested and the
number of questions by major subject area. The topics for
both sections are based on a comprehensive job analysis of
real estate brokerage practice and were determined by subject matter experts to constitute the body of knowledge that
entry-level real estate licensees should possess.
National Section (100 Scored Questions)
1. Agency Relationships and Contracts (28
Questions) A. Agency Relationships
Creating Agency; Types of Agency (including implied
agency); Rights, Duties and Obligations of the Parties;
Termination and Remedies for Nonperformance;
Disclosure (related to representation)
B. General Legal Principles, Theory and Concepts
about Contracts
Unilateral/Bilateral; Validity; Void and Voidable;
Notice of Delivery/Acceptance;
Executory/Executed; Enforceability
C. Purchase Contracts (contracts between seller
and buyer)
General Principles and Legal Concepts; Purchase
Contract (contract of sale, purchase and sale
agreement, etc.); Options (contractual right
to buy); Basic Provisions/Purpose/Elements;
Conditions for Termination/Breach of Contract;
Offer and Acceptance (counter offers, multiple
offers, negotiation, earnest money); Contingencies;
Duties and Obligations of the Parties
D. Service/Listing Buyer Contracts (contracts
between licensee and seller or buyer)
General Principles and Legal Concepts; Basic
Provisions/Purpose/Elements; Duties and
Obligations of the Parties; Conditions for
Termination/Breach of Contract; Remuneration/
Consideration/Fees; Types of Service/Listing
Contracts
E.
Employment Agreements between Broker and
other Licensees (including supervision)
2. Real Property Ownership/Interest (14
Questions)
A. Freehold Estates (rights of ownership)
B. Types of Ownership (estates in land)
Joint Tenancy; Tenancy in Common;
Condominiums
C. Leasehold Interest
Basic Concepts and Terminology; Types of Leases;
Basic Elements and Provisions of Leases; Rights
and Duties of the Parties; Remedies for Default/
Non-Performance
D. Forms of Business Ownership
Sole Proprietorship; General or Limited
Partnership; LLC
E. Private Restrictions on Real Property/Land Use
and Matters Affecting Ownership
Liens (Voluntary, Involuntary, Priority); Easements/
Rights of Way/Licenses; Preexisting Leases;
Encroachment; Deed Conditions, Covenants and
Restrictions; Property Owner Associations
Real Estate Licensing in North Carolina
13
F.
Government Powers and Control of Land Use
Americans with Disabilities Act (ADA); Land
Use Restrictions and Regulations (i.e., zoning);
Police Powers; Eminent Domain; Property
Taxation; Subdivision/Planned Unit Development
Regulations
3. Finance (15 Questions)
A. Basic Concepts and Terminology
Equity; Loan-to-Value Ratio; Term and Payment;
Principal and Interest; Direct and Indirect Costs
(points, discounts); Return on Investment/Rate of
Return
B. Types of Financing
Amortized Loan; Interest Only Loan; Adjustable
Rate Mortgage (ARM); Construction Loan; Home
Equity Loan
C. Methods of Financing
Government Programs (e.g., FHA, VA);
Conventional; Owner-financed; Land Contract
D. Financing Instruments (Mortgages, Trust Deeds,
Promissory Notes)
Basic Elements and Provisions of Financing
Instruments; Legal Principles; Non-performance
E. Government Oversight
RESPA; Truth-in-Lending Act; Regulation Z;
Mortgage Fraud; Equal Credit Opportunity Act;
Antitrust F. Lending Process
Pre-approval and Pre-qualification (e.g., debt
ratios, credit scoring, and history); Parties to the
Lending Process (e.g., loan originator, underwriter,
mortgage broker)
4. Real Property (14 Questions)
A. Methods of Legal Description of Land
Metes and Bounds; Rectangular Survey; Lot and
Block
B. Methods of Measurement
Structures (space and volume); Livable Area; Land
Measurement
C. Property Valuation
Basic Concepts and Terminology; Influences and
Characteristics Affecting Value; Comparative
Market Analysis (performed by a real estate
licensee); Broker Price Opinion; Real Property
(e.g., fixtures vs. personal property (e.g., chattel))
14
D. Methods of Valuation (Performed by an Appraiser)
Sales Comparison (Market Data) Approach; Cost
Approach; Income Analysis Approach; Appraisal
Process/Procedure
E. Conveyance of Real Property
Definition of Clear (Marketable) Title; Matters
Affecting Title; Recordation; Title Insurance;
Deeds; Will; Court-Ordered Sale (e.g.,
foreclosure); Adverse Possession; Settlement
Procedures (closing the transaction)
5. Marketing Regulations (Purchase and
Rental) (8 Questions)
A. Property Advertising (including Fair Housing)
Disclosures
Environmental Concern (e.g., lead-based paint,
radon); Property Condition
B. Licensee Advertising
Antitrust; Do-not-Call List; CAN-SPAM Act; Fair
Housing (e.g., blockbusting, steering)
6. Property Management (8 Questions)
General Principles of Property Management
Agreements; Basic Provisions/Purpose/Elements
of Property Management Agreements; Types of
Contracts; Duties and Obligations of the Parties;
Market Analysis and Tenant Acquisition; Accounts
and Disbursement; Property Maintenance and
Improvements; Evictions
7. Real Estate Calculations (13 Questions)
Compensation, Commission, and Fees; Valuation
(Appraisal); Sale Price Needed by Seller; Net to
Seller and Cost to Buyer at Closing (credits and
debits); Tax and other Prorations; Amortization;
Points; Prepayment Penalties; Loan-to-Value
Ratios; Measurement (e.g., square footage, acreage,
volume); Property Management; Investment (e.g.,
rate of return)
Cognitive Level of Questions on National Section:
Approximately 30% of the questions will require recall on
the part of the candidate, 60% will require application of
knowledge, and 10% will require analysis.
State Section (40 Scored Questions)
1. N.C. Real Estate License Law and
Commission Rules (21 Questions)
A. Requirement for Real Estate License
Real Estate Licensing in North Carolina
93A-1&2
Activities Requiring a License; Exempt Activities; Activities of Unlicensed Assistants
B. License Categories and Status 93A-1; 93A-4(a1); 93A-4.2; Rules A.0502;
A.0504; A.1801; A.1803(a); A.1806; A.1807(a)(c); A.1808; 93-A-2(a1); A.0110; A.0506
Broker; Provisional Broker; Broker-In-Charge
(including BIC requirements and responsibilities
and supervision of provisional brokers); Limited
Nonresident Commercial Broker; Firm; Active/
Inactive Status
C. North Carolina Real Estate Commission
93A-3; 93A-6 Purpose; Composition; Powers (including
disciplinary powers)
D. License Administrative/Maintenance Requirements 93A-4(c); 93A-4.1; Rules A.0101; A.0103;
A.0113; A.0503; A.0505; A.0507; A.1700;
A.1900
Proof of Licensure; Change of Name/Address;
Reporting Criminal Convictions; License
Expiration/Renewal/Reinstatement; Continuing
Education; Postlicensing Education
E. Agency Relationships, Contracts, Disclosure and
Practices 93A-6(a)(4); Rule A.0104
Requirements for Agency Contracts; Oral
Buyer/Tenant Agency Contracts; Providing
Agency Brochure; Disclosure of Agency Status
by Seller’s Agent and Buyer’s Agent; First
Substantial Contact; Disclosure Exceptions; Dual
and Designated Agency (including disclosure;
authority; limitations on agency duties; and
practices); Related Practices of Listing Agents and
Agents Working with Buyers
F.
Selected Regulated Practices 93A-6(a)(7), (9), (11), (12), (13) & (14) and (d);
Rules A.0105; A.0106; A.0107; A.0108; A.0109;
A.0111, A.0115
Advertising, Delivery of Instruments; Retention of
Records; Drafting Legal Instruments; Disclosure of
Offers; Basic Requirements for Trust Accounts and
Handling Trust Monies (detailed recordkeeping/
accounting/disbursement requirements not tested);
Brokerage Fees and Compensation (including disclosure
of compensation, compensation of unlicensed persons
for brokerage activities and Commission’s limited role
regarding broker compensation)
G. Prohibited Practices
93A-6(a)(1), (2), (3), (4), (5), (6), (8), (10), (11)
& (15); 93A-6(b), (c), (e) & (f );
Rule A.0504(a); A.0507
Misrepresentation and Omission; Making False
Promises; Pursuing Course of Misrepresentation
or False Promises; Conflict of Interest; Provisional
Broker Compensation; Representing More than
One Broker without Consent; Unworthiness
and Incompetence; Improper, Fraudulent or
Dishonest Dealing; Practicing Law; Violation of
Rules; Other Grounds for Disciplinary Action;
Injunctive Relief; License Surrender; Imposition of
Restrictions on License or Approval; Dishonored
Payment of License Fees
H. Time Shares
93A-39-42, 44, 45, 51, 54, 56 & 58; Rules
B.0400-.0600
Registration of Time Share Projects and Licensure
of Time Share Salesmen; Definitions, Time Shares
Are Real Estate; Public Offering Statement;
Purchaser’s Right to Cancel; Commission’s
Authority & Disciplinary Action; Criminal
Penalty; Registrar and Project Broker; Records;
Agency Agreements and Disclosure; Handling and
Accounting for Funds
2. Other North Carolina Laws and Practices
(10 Questions)
A. Property Taxation NCGS Chapter 105
Legal Requirements and Procedures for Property
Taxes and Special Assessments; Excise Tax (No
Calculations)
B. Sales Contracts and Practices Rule A.0112; Standard Form 2-T
Basic Concepts and Provisions of the North
Carolina Bar Association and North Carolina
Association of REALTORS Jointly Approved Offer
to Purchase and Contract Standard Form 2-T; NC
Practices Related to Sales and Sales Contracts
C. Closing Procedures
Attorney Supervised Closings; Typical PreClosing and Closing Procedures; NC Good Funds
Settlement Act; Brokers Responsibility as to
Closing Statements
D. Laws Governing Residential Tenancies NC Residential Rental Agreements Act; Laws Governing Eviction Procedures; Tenant Security Deposit Act; Statute of Frauds (as to Leases)
Real Estate Licensing in North Carolina
15
E. Residential Square Footage Guidelines
Guidelines Published by the NC Real Estate
Commission (No calculations)
F. Miscellaneous Laws and Legal Concepts
Tenancy by the Entirety; Townhouses; NC Residential Property Disclosure Act; Laws Regarding Materiality and Disclosure of Death or Serious Illness
of Previous Property Occupant and of a Convicted
Sex Offender Occupying or Residing Near a Property; Subdivision Regulation, incl. Sale of Lots in
Unapproved Subdivision (G.S. 153A-330 et seq);
Disclosure by Developers as to Subdivision Streets
(G.S. 136-102.6); Protective/Restrictive Covenants; On-Site Septic Systems; Broker’s Responsibilities Relating to Any of Above
3. General Real Estate Topics (9 Questions)
A. Basic House Construction Wood-Frame Construction Methods and
Terminology; Architectural Styles
B. Federal Income Taxation of Home Ownership/
Sale
Basic Terminology; Homeowner Deductions; Sale
of Personal Residence
C. Calculations: Qualifying a Buyer and Performing a Comparative Market Analysis
Qualifying a Buyer Using Given Income/Expense
Ratios; Miscellaneous CMA Calculations
D. Closing Statement Problem Complete Closing Statement Problem [Candidates
will be presented on-screen a detailed fact situation
and four (4) bottom-line questions, and will be
provided a paper closing statement worksheet
for use in working through the closing statement
problem and determining their answers to the four
questions.] Examination Forms
AMP utilizes several different forms of the examination
simultaneously and also changes these forms regularly. Thus,
when more than one candidate is being tested at an exam center, the candidates will be taking different forms of the examination. In addition, a candidate who fails the examination is
given a different examination form when he/she retakes the examination. While each form of the examination contains mostly
different individual questions, the topics tested are the same on
each form and each examination form is of equal difficulty.
16
Number and Value of Questions
Scored Questions. The Combined Examination includes 140 scored questions. There are 100 scored questions
on the National section and 40 scored questions on the
State section. All scored questions have equal value.
Pretest Questions. The Combined Examination may
include up to five (5) additional “pretest” questions. Similarly, when applicants are taking either the National or State
section of the examination separately, that section may include up to five (5) additional “pretest” questions.
“Pretest” questions are new questions that are included to
gather performance data in order that AMP and the Commission can determine if the new questions are appropriate
to be used as scored questions on future examinations. Results of pretest questions will be reported only to AMP and
the Commission and will be excluded from scoring of the
questions that determine whether the candidate passes the
examination. Pretest questions may appear randomly in the
exam, and candidates will not be able to distinguish pretest
items from the questions that will be scored.
The number of scored questions and pretest questions
on the license examination are shown below.
Scored
Pretest
Questions Questions
Combined Examination
140
5
National Section (when taken
100
5
separately)
State Section (when taken
40
5
separately)
Passing Score
The passing score for both sections of the examination is
75% of the scored questions answered correctly.
National Section: 75 of the 100 scored questions must
be answered correctly.
State Section: 30 of the 40 scored questions must be
answered correctly.
Helpful Hints
Pace yourself. Read each question very carefully, but do
not spend too much time on any one question. Note: The State
section’s comprehensive closing exercise, consisting of a
detailed fact situation and four questions that appear at the
end of both the Combined examination and the State section (when taken separately), will require significantly more
of an applicant’s time than other questions, so be sure to
allow plenty of time for those questions.
If you are stumped by a particular question, mark it
for later review and go on with your examination; then re-
Real Estate Licensing in North Carolina
turn to your marked “problem questions” after you have
answered the other questions. If uncertain as to the correct
answer, make an educated guess; a question left blank will
be automatically scored as incorrect.
3. Click on “online” to access the application login
screen:
APPLYING FOR AND SCHEDULING
AN EXAMINATION
As described in the earlier “APPLICATION PROCESS”
section, a license applicant must first file an application with
the North Carolina Real Estate Commission and be found
qualified to take the examination.
NOTE: See the APPLICATION PROCESS section at
the beginning of this booklet.
4. Click on “Create a Login” if you have not done so
before. Then login with your user name and password to
access the online form. You must remember your user
name and password. This will allow you access to your
application until it is complete and you have submitted
it to the Commssion for processing.
Obtaining a Notice of Examination
Eligibility
If the Commission determines that you meet the qualification requirements, you will be issued a “Notice of Examination Eligibility” valid for 180 calendar days from the date it is
issued. Your examination eligibility expiration date will be
prominently indicated on the notice. Your notice of examination eligibility is valid for taking the examination ONE
time only (See the Expedited Reapplication and Exam
Rescheduling subsection of this booklet for information
about re-applying for a subsequent examination).
Online Application. If you apply online and provide
your email address, you will be sent your notice of examination eligibility via email within 3-4 business days after completing your application (a notice will also be sent by regular
mail). Approximately 75% of applicants apply online.
5. On the next screen, apply for a character report if you
have not done so already:
How to Apply Online
Before completing your online application, be certain
that your Character Report and the prelicensing course
report from your school have been filed electronically with
the Commission; if not, you will not be able to complete the
online application process.
Follow these steps to complete and submit your application for a real estate license online at the Commission’s Web
site, www.ncrec.gov:
6. When you click on “Apply for background check”,
the following screen will appear and you may start the
search process for any criminal history:
1. If you are a North Carolina resident, you may apply online. If not, you must use a paper application which
you may obtain by calling the Commission office at 919875-3700 or emailing [email protected]
2. On the Home page of the Commission’s Web
site, click on the “Licensing” menu, select “Apply for a
License”, and click on “Apply Online”.
Real Estate Licensing in North Carolina
17
7. Complete each field of the form and when finished, click “Save and Continue” to reach the page
where you will pay your application fee using Visa or
MasterCard:
9. Payment Information - Enter the requested credit
card information (Visa or MasterCard) and click Submit:
10. Print the confirmation page for your records.
8. The next screen asks for information about License
History and Employment History. If you have ever held
a license or licenses in North Carolina or another state
or country, please add the requested information in the
appropriate fields. For Employment History, provide
information for three years. Then, click “Save and Continue” (or if you must search other records, click “Save”
and come back to this screen later).
18
Paper Application. If you file a paper application, you
will be sent your notice of examination eligibility by regular
mail within 3-4 business days after receipt of your complete
application by the Commission. Remember that it may take
2-3 business days for a paper application to reach the Commission and 2-3 business days for the mailed notice of examination eligibility to reach you. Therefore, please allow at
least 8-10 business days after mailing your application to the
Commission before you call to check on the status of your
application. To request a paper application, call the Commission (919-875-3700), email to [email protected]
gov, or fax to (919) 877-4227.
Scheduling Your Examination. To schedule your examination, you must contact AMP after receiving your
notice of examination eligibility. If you submit an online
license application, you should wait one business day
following receipt of your electronic notice of examination eligibility before contacting AMP to schedule your
examination. This time is necessary for the Commission
to transmit your eligibility record to AMP and for AMP
to upload your record. (See the subsequent “Making an
Examination Appointment with AMP” subsection of this
booklet.) Walk-in testing is not available.
Real Estate Licensing in North Carolina
180-Day Examination Eligibility Period
As noted above, your notice of examination eligibility is
valid for 180 calendar days after issuance and the expiration
date will appear on the notice.You should schedule your examination promptly after receiving your notice of examination eligibility. You must take the examination prior to the
expiration of your 180-day period of examination eligibility
because this period will NOT be extended for any reason. DO
NOT DELAY SCHEDULING YOUR EXAMINATION
UNTIL YOUR 180-DAY PERIOD IS NEARLY OVER.
The 180-day period is intended to accommodate applicant preferences in scheduling examinations and emergencies that may arise soon after being scheduled for an examination. If you wait until the 180-day period is nearly
over to schedule your examination, AMP may not be able
to schedule you for examination on a date and at a location
that is convenient for you, and you may even risk forfeiture
of application and examination fees.
Examination Fee to AMP
For each administration of the Combined License Examination or administration of the separate National or State section (for applicants specifically eligible to be scheduled for
just one of the separate sections), a separate $64 examination fee is required in addition to the $30 license application fee that was paid to the Commission. The $64 examination fee is payable directly to AMP when the applicant
contacts AMP to schedule his/her examination. Do NOT
submit the $64 fee to the Real Estate Commission. Payment is due AMP at the time of scheduling. Payment may
be made by credit card (VISA, MasterCard or American Express), cashier’s check or money order made payable to AMP.
Examination registration fees are not refundable or transferrable
and expire at the end of your 180-day examination eligibility period. Credit card transactions that are declined will be subject
to a $25 handling fee. A certified check or money order for
the amount due, including the handling fee, must be sent to
AMP to cover declined credit card transactions.
Making an Examination Appointment
with AMP
There are two ways to schedule your examination.
Online Scheduling: Go to www.goAMP.com at
any time and under “Candidates” select “Schedule/Apply
for an Exam”.
Follow the simple, step-by-step instructions to choose
your examination and register for the examination.
OR
Telephone Scheduling: Call AMP at 800-345-6559
to schedule an examination appointment. This toll-free
number is answered from 8:00 a.m. to 10:00 p.m. (Eastern
Time) Monday through Thursday, 8:00 a.m. to 8:00 p.m. on
Friday, and 9:30 a.m. to 4:00 p.m. on Saturday.
If you contact AMP
by 4:00 p.m. Eastern
Time on…
Depending on
availability, your
examination may be
scheduled as early as…
Monday
Wednesday
Tuesday
Thursday
Wednesday
Friday/Saturday
Thursday
Monday
Friday/Saturday
Tuesday
In almost all cases you will be able to take an examination at the assessment (test) center of your choice within
7 calendar days of calling AMP unless you request a later
appointment or have previously taken the exam. When you
schedule your examination appointment, be prepared to confirm a location and a preferred date and time for testing. You
will be asked to provide your Social Security number. When
you call or go online to schedule your examination appointment, you will be notified of the time to report to the Assessment Center and if an e-mail address is provided, you
will be sent an e-mail confirmation notice.
If special accommodations are being requested, complete AMP’s Request for Special Examination Accommodations
form after you have received your Notice of Examination
Eligibility from the North Carolina Real Estate Commission and submit it to AMP prior to scheduling your examination and at least 45 days prior to the desired examination
date. See SPECIAL ARRANGEMENTS FOR CANDIDATES WITH DISABILITIES below.
Rescheduling a Scheduled Examination
with AMP
You may reschedule your appointment ONCE at no
charge by calling AMP at 800-345-6559 at least 2 business
days prior to your scheduled appointment. The following
schedule applies.
If the Examination
is scheduled on . . .
Monday
Tuesday
Wednesday
Thursday
Friday/Saturday
AMP must be contacted
by 4:00 p.m. Eastern to
reschedule the Examination
by the previous . . .
Wednesday
Thursday
Friday
Monday
Tuesday
Special Arrangements for Candidates
with Disabilities
AMP complies with the Americans with Disabilities Act
and strives to ensure that no individual with a disability as
Real Estate Licensing in North Carolina
19
defined by the ADA as a person who has a physical or mental
impairment that substantially limits one or more major life
activities, a person who has a history or record of such an
impairment, or a person who is perceived by others as having
such an impairment is deprived of the opportunity to take the
examination solely by reason of that disability. AMP will provide reasonable accommodations for candidates with disabilities. Candidates requesting special accommodations must
call AMP at 800-345-6559 to schedule their examination.
1. Wheelchair access is available at all established
Assessment Centers. Candidates must advise AMP
at the time of scheduling that wheelchair access is
necessary.
2. Candidates with visual, sensory, physical or
learning disabilities that would prevent them from
taking the examination under standard conditions
may request special accommodations and
arrangements which will be reviewed by AMP.
phone option is for individuals equipped with compatible
TDD machinery.
AMP Assessment (Test) Center
Locations
AMP assessment centers are located in specially designated and equipped rooms dedicated to testing inside H &
R Block offices at the following addresses. Applicants are
responsible for finding the location of their assessment
center and for arriving on time.
ASHEVILLE
1300-D Patton Avenue
Asheville, NC 28806
GREENVILLE, NC
629 Red Banks Road
Greenville, NC 27858
CHARLOTTE
916 E. Morehead St.
Charlotte, NC 28204
NORFOLK, VA
895 Poplar Hall Drive
Norfolk, VA 23502
DURHAM
4215 University Dr.
Suite 9
Durham, NC 27707
RALEIGH
4532 Capital Blvd.
Raleigh, NC 27604
FAYETTEVILLE
5075 Morganton Road
Suite 5B
Fayetteville, NC 28314
WILMINGTON
3538 South College Rd.
Wilmington, NC 28412
GASTONIA
260 E. Garrison Blvd.
Gastonia, NC 28054
WINSTON-SALEM
1029 Hanes Mall Blvd.
Winston-Salem, NC 27103
Written Request Required. Verification of the disability
and a statement of the specific type of assistance needed must
be made in writing to AMP at least 45 calendar days prior to
your desired examination date by completing AMP’s “Request
for Special Examination Accommodations” form. Do not
submit the request form to AMP prior to receiving your notice
of examination eligibility from the North Carolina Real Estate Commission. The form may be downloaded from AMP’s
website www.goAMP.com. Select “Candidates”; then follow
the sequence of choices and select “Real Estate”… “North
Carolina”… “Broker”. There will be a link to the PDF version of AMP’s Request for Special Examination Accommodations form that you may print out, complete and submit to
AMP. Or you may call AMP at 800-345-6559 to request
that a copy of the request form be faxed, e-mailed or mailed
to you. Note: Applicants for a North Carolina real estate
license are not required to submit a payment to AMP with
the Request for Special Examination Accommodations form if
they intend to pay AMP’s test fee via credit card at the time
of test scheduling.
AMP will review the submitted forms and will contact
you regarding the decision for accommodations. If your request is approved, AMP will assist you with scheduling your
examination at a time when the special accommodation can
be provided.
Any inquiries regarding special examination accommodations should be directed to AMP at 800-345-6559 .
The North Carolina real estate license examination is
administered only at these locations. Out-of-state testing is
not permitted except at Norfolk, VA.
Days and Hours of Operation: All AMP testing centers
in North Carolina are available for test administration Monday through Friday and at least two Saturdays per month.
Testing is available during two sessions (9:00 am and 1:30
pm). The Raleigh and Charlotte sites operate every Saturday (with the exception of Holiday weekends). The testing
center in Norfolk, VA is available for examination administration Monday through Friday and at least one Saturday
per month. Testing is available only to properly scheduled
license applicants. Walk-in testing is not available.
Telecommunication Devices for the Deaf
Reporting to the Assessment Center
AMP is equipped with Telecommunication Devices for
the Deaf (TDD) to assist deaf and hearing-impaired candidates. TDD calling is available 9:30 a.m. to 6:00 p.m. (Eastern Time) Monday-Friday at 913-895-4637. This TDD
On the day of your examination appointment, report
to the Assessment Center no later than your scheduled testing time. IF YOU ARRIVE MORE THAN 15 MINUTES
AFTER THE SCHEDULED TESTING TIME, YOU
20
GREENSBORO
1633 Spring Garden St.
Greensboro, NC 27403
Real Estate Licensing in North Carolina
WILL NOT BE ADMITTED. (See Forfeiture of Fees in the
“OTHER EXAMINATION INFORMATION” section of
this booklet.)
The proctor will confirm your appointment and review
your identification and any other required documents. The
proctor will also check to make sure you have not brought
any prohibited items to the test center.
Required Identification and Signature
You must provide two (2) forms of identification at
the exam center when you arrive to take your examination.
Both must bear your signature. The primary form of identification must be valid (current), government issued, (i.e.
driver’s license, state identification card issued by North
Carolina Department of Motor Vehicles, passport, or military ID) and must bear your legal name and photograph.
You must also provide a sample of your signature on the
sign-in list when you check in to take your examination.
Failure to provide required identification and signature at
check-in will disqualify you from taking the examination.
NOTE: Your name as it appears on your two
required forms of identification must be the same
as the name under which you applied for your real
estate license. No exceptions. If you recently
changed your name, or if your last name includes
a generation indicator (e.g., Jr., III), or is hyphenated or is a double last name, you should make sure
well in advance that you are prepared to comply
with this requirement. Proctors are not allowed
to admit for testing any candidate whose required
forms of identification are not consistent with the
name on the license application.
Items to Bring and Prohibited Items
In addition to required identification, applicants should
also bring the following items to the exam center:
•
A calculator (See important restrictions below).
• A sweater or wrap of some kind is recommended
(even during summer months), but note that AMP does not
allow coats to be taken inside the testing area.
Note: AMP will provide scratch paper and pencils to license applicants taking the examination.
Items Permitted in Testing Area: In the testing area you
may have with you only your wallet, eye glasses (if needed),
medications, personal hygiene items, a calculator (see restrictions below), and the materials provided by the exam proctor.
Items Prohibited in Testing Area: Do not bring into
the test center any study materials or notes of any kind, scratch
paper, briefcases, bookbags, backpacks, totebags, large purses or
pocketbooks, or coats. Do not bring into the test center any cell
phone, smart phone, tablet computer, electronic reader, PDA,
any kind of electronic recorders or players (including MP3 players), pager, camera or any other electronic communication, recording or photographing device.
All such items in your possession must be left in (or returned to) your car. AMP’s examination proctor will not
hold personal items for you while you take the examination
and neither AMP nor the proctor will be responsible for
items you leave outside the testing area.
Calculators: Calculators may be used in taking the examination if they are silent, hand-held, and either battery- or
solar-powered. Calculators that would permit an applicant
to enter and retrieve words by use of a keypad or an alphabet
keyboard (that sometimes doubles as a numeric and function keyboard) are NOT permitted. A cell phone or smart
phone may not be used as a calculator. No computer of
any type is permitted. Applicants may not share calculators. Persons using battery-powered calculators should
make certain that their calculators contain fresh batteries or
should bring an extra set of batteries. No additional testing
time will be allowed for calculator malfunction. Your calculator must be checked and approved by the examination
proctor before you take it into the testing area.
Examination Rules
• You may not enter the testing area until you have
completed check-in and been directed to your
assigned seat by the examination proctor.
• You may not smoke, eat, or drink beverages in the
testing center. After testing begins, you may take breaks,
not to exceed 10 minutes per break, in the designated
break area or to use the restroom. However, ONLY
ONE MALE AND ONE FEMALE CANDIDATE
will be allowed to take a restroom break at the same
time. Smoking is prohibited in all buildings where
AMP operates testing centers, and you may NOT
leave the building to take a smoke break. While on
break you must stay in the designated break area (or
restroom) and you may not leave the testing area until
the end of testing.
• You may not use telephones or communicate in any
manner for any purpose with any person other than
the exam proctor during the entire period of testing
or while on break.
• You must be as quiet as possible throughout the
examination. You must not disrupt the quiet and
orderly administration of an examination in any
manner.
• Cheating or attempting to cheat on the examination
by any means, including both giving and receiving
assistance, is prohibited.
• The examination questions are the confidential
and exclusive property of AMP and the Real Estate
Commission. Therefore, you may not remove from
Real Estate Licensing in North Carolina
21
the exam center any notes about examination
questions and you may not communicate
examination questions to other persons, including
instructors.
• All materials provided by the proctor for your use
in taking the examination (for example, Closing
Exercise Worksheet, scratch paper and pencils)
must be returned to the proctor immediately upon
completion of the examination. The same is true
for any examination materials provided for use by a
candidate receiving a special accommodation.
Possession of any prohibited items or violation of any
of the above examination rules or procedures shall be
grounds for dismissal from the examination, invalidation
of examination scores, and/or denial of a real estate license.
Commission Rule 58A. 0404 - Examination Related
Conduct.
Taking the Examination
Your examination will be given by computer at an AMP
Assessment Center. You do not need any computer experience
or typing skills to take your examination.
AMP administration and security standards are designed
to ensure all candidates are provided the same opportunity
to demonstrate their abilities. The Assessment Center is continuously monitored by audio and video surveillance equipment for security purposes.
After your identification has been confirmed, you will be
directed to a testing carrel. You will be instructed on-screen
to enter your Social Security number. You will take your
photograph at your computer station and it will remain
on screen throughout your examination session. This photograph will also print on your score report. Prior to attempting the examination, you will be given the opportunity to
practice taking an examination on the computer. The time
you use for this practice examination is NOT counted as part of
your examination time or score.
When you are comfortable with the computer testing
process, you may quit the practice session and begin the
timed examination. The computer monitors the time you
spend on the examination. The examination will terminate
if you exceed the time allowed. You may click on the “Time”
box in the lower menu bar on the screen or select the Time
key to monitor your time. A digital clock indicates the time
remaining for you to complete the examination. The Time
feature may be turned off during the examination.
Only one examination question is presented at a time.
The question number appears in the lower right of the
screen. Choices of answers to the examination question are
identified as A, B, C, or D. You must indicate your choice
by either typing in the letter in the response box in the lower
left portion of the computer screen or clicking on the option
using the mouse. To change your answer, enter a different
option by pressing the A, B, C, or D key or by clicking on
22
the option using the mouse. You may change your answer as
many times as you wish during the examination time limit.
To move to the next question, click on the forward arrow (>) in the lower right portion of the screen or select the
NEXT key. This action will move you forward through the
examination question by question. If you wish to review any
question or questions, click the backward arrow (<) or use the
left arrow key to move backward through the examination.
An examination question may be left unanswered for return later in the examination session. Questions may also be
bookmarked for later review by clicking in the blank square
to the right of the Time button. Click on the hand icon or
select the NEXT key to advance to the next unanswered or
bookmarked question on the examination. To identify all
unanswered and bookmarked questions, repeatedly click on
the hand icon or press the NEXT key. When the examination is completed, the number of examination questions
answered is reported. If not all questions have been answered
and there is time remaining, return to the examination and
answer those questions. Be sure to provide an answer for
each examination question before ending the examination.
There is no penalty for guessing.
Examination Time
Check-in and the orientation to the computer testing
process may take approximately 15-20 minutes. The time
allowed to take the examination is shown below and includes any breaks.
Combined Examination
(Both Sections)
National Section Only
(when taken separately)
State Section Only
(when taken separately)
4 Hours
2.5 Hours
2 Hours
Examination Results
When you complete the examination, your pass/fail results will be printed at the exam proctor’s computer. You
will be given your written score report when you come out
of the testing room. Applicants taking the Combined Examination (both National and State sections) will receive
separate pass/fail results for each section. If you fail the National section of the examination, you will also be advised of
your results for each of the seven subsections of the National
section. If you fail the State section, you will also be advised
of your results for each of the three subsections of the State
section. No subsection results will be provided for a passed
examination section. (For scheduling a second or subsequent examination, see the Expedited Reapplication
and Exam Rescheduling under RETAKING A FAILED
OR MISSED EXAMINATION section appearing subsequently in this booklet.)
Real Estate Licensing in North Carolina
License Issuance for Passing Applicants
Licenses are NOT issued at the exam centers or by AMP.
Your examination results will be reported to the Real Estate
Commission, and licenses will be issued by the Commission to persons who timely passed the required section or
sections of the examination and who possess the requisite
“Character” for licensure. (See “Consideration of Applicant’s Character” under the APPLICATION PROCESS
section of this booklet.)
Applicants timely passing the required section
or sections of the examination should expect to
receive their license certificates by mail within
not more than 10 days following their examination date IF THERE ARE NO CHARACTER ISSUES
ASSOCIATED WITH THE APPLICATION. Please
do not call the Commission Office concerning
license issuance until at least 10 calendar days
after the examination date (45 days if there are
known character issues to be considered).
RETAKING A FAILED OR MISSED
EXAMINATION
Applicants who fail the Combined Examination (one
or both sections) or a separate required National or State
section may apply directly through AMP to retake the failed
examination as described below provided they do so within
their 180-day examination eligibility period. The same is
true for an applicant who misses a scheduled examination
appointment.
Applicants who fail either the National or State section
of the licensing examination will not be allowed to retake
the examination for at least 10 calendar days. When using the expedited reapplication and rescheduling system
described below, the applicant will be limited to selecting
an examination date that falls at least 10 days after the applicant’s most recent testing date.
Expedited Reapplication and Exam
Rescheduling for Previously Scheduled
Applicants for Examination (Apply
Directly to AMP)
Most applicants who either fail the National, State or
both sections of the examination or miss a scheduled examination may utilize an expedited (“one-stop”) reapplication and examination rescheduling procedure that conveniently allows them to reapply for licensure and to schedule
another examination by contacting AMP by telephone or
online through AMP’s website. Eligible applicants may simply contact AMP, verify their eligibility for the “one-stop”
procedure, pay by credit card a comprehensive reapplication/rescheduling fee of $94 ($30 application fee plus $64
examination fee) for retaking the Combined Examination
(both National and State Sections) or for retaking only one
of the two sections (either the National or State Section),
and immediately schedule another examination for a date
that falls at least 10 days after the applicant’s most recent
testing date. This procedure will save eligible applicants the
trouble of filing another complete application and will expedite their ability to schedule a subsequent examination.
[Note: For eligible license reinstatement applicants seeking to reinstate a previously held license, the comprehensive
“one-stop” reapplication/rescheduling fee is $119 ($55 application fee plus $64 examination fee)].
To know if you are eligible for this “one-stop” procedure, look at the date your examination eligibility expires
as shown on your “Notice of Examination Eligibility.” This
date will be 180 days from the date your last complete application was processed by the Commission. You may use
the “one-stop” reapplication and examination rescheduling
procedure at any time prior to the expiration date shown on
your “Notice of Examination Eligibility”.
You must wait until the day after you fail the National,
State or both sections of the examination (or fail to appear
for a scheduled examination) to contact AMP and utilize
the “one-stop” procedure. Should you contact AMP to use
the “one-stop” procedure after the eligibility expiration date
shown on your “Notice of Examination Eligibility” has
passed, AMP will not allow you to use that procedure and
will instruct you to file another complete application with
the Commission.
If you use the “one-stop” procedure, you must still contact the Commission to update all information submitted
with your last complete application to reflect recent changes, especially changes related to: • Criminal charges or convictions • Professional license charges, disciplinary actions
or denials • Liens or judgments • Name • Address.
Applicants Who Must Refile an
Application with the Commission
If the eligibility expiration date shown on your “Notice
of Examination Eligibility” (180 days from the date your
application was processed by the Commission) has already
passed and you have not passed the required section or sections of the examination or have not taken the examination
prior to expiration of your 180-day examination eligibility
period, then you must file another complete application
with the Commission and receive a new “Notice of Examination Eligibility” before you can contact AMP and schedule another examination. This is required in order that the
Commission may have reasonably current information regarding the applicant. The applicant’s qualifications will be
reassessed when the subsequent application is filed.
Real Estate Licensing in North Carolina
23
OTHER EXAMINATION
INFORMATION
Forfeiture of Fees
Your scheduled appointment to take the examination
will be canceled, you will not be able to take the examination, your license application will be canceled, and
you will forfeit both the license application fee paid to
the Commission and the examination fee paid to AMP if
you do any of the following:
• You fail to schedule and take the examination on or
before the last business day prior to the expiration of
your 180-day period of examination eligibility;
• You wish to reschedule an examination but fail to
contact AMP at least two business days prior to the
scheduled testing session.
• You attempt to reschedule a second time.
• You fail to report for an examination appointment.
• You appear more than 15 minutes late for an examination
• You fail to present proper identification and required signature upon arrival for a scheduled examination. (See the Required Identification and Signature
subsection of this booklet.)
In order to reapply for examination following a missed
or canceled examination appointment, you must have sufficient time remaining in your 180-day period of examination
eligibility, contact AMP to use the “one-stop” reapplication
and exam rescheduling system described on the previous
page, and pay AMP the required reapplication and exam
fees.
Excused Absences
Under certain limited circumstances you may be excused
from a scheduled examination for which you did not give
AMP the required two-day advance notice of cancellation.
You may be excused for missing a scheduled examination
and rescheduled for a future date without having to file another license application and pay all required fees only if
your absence was the direct result of an emergency situation or condition that was beyond your control and that
you could not have reasonably foreseen. You must send your
request for excused absence in writing to AMP promptly
following your absence from your scheduled exam. Your
request must set forth the reason for your absence and must
include documentation verifying such reason (e.g. statement
from physician). Your request for an excused absence will be
denied if you cannot be rescheduled and examined prior to
expiration of your 180-day period of examination eligibility.
24
Written requests for an excused absence from an examination must be mailed to:
AMP Examination Services
18000 W 105th Street
Olathe, KS 66061
Inclement Weather, Power Failure or
Emergency
In the event of inclement weather or unforeseen emergencies on the day of an examination, AMP will determine
whether circumstances warrant the cancellation, and subsequent rescheduling, of an examination. The examination
will usually not be rescheduled if the Assessment Center
personnel are able to open the Assessment Center.
You may visit AMP’s website at www.goAMP.com prior to
the examination to determine if AMP has been advised that
any Assessment Centers are closed. Every attempt is made to
administer the examination as scheduled; however, should an
examination be canceled at an Assessment Center, all scheduled candidates will receive notification following the examination regarding rescheduling or reapplication procedures.
If power to an Assessment Center is temporarily interrupted during an administration, your examination will be
restarted. The responses provided up to the point of interruption will be intact, but for security reasons the questions
will be scrambled.
NEW LICENSEE INFORMATION
Issuance of Licenses
After an applicant has satisfied the qualification requirements, passed the license examination (if required), and satisfied the Commission that he or she is of good character (See
“Consideration of Applicant’s Character” under “License
Qualification Requirements”), the applicant will be deemed
qualified for licensure. Persons who have satisfied the requirements for licensure will be sent a license certificate and license
pocket card to the address shown on the application form.
Applicants passing the license examination should expect
to receive their license certificates and pocket cards within approximately seven (7) days after their license examination, if
there are no character issues.
Note: If any application raises character issues
requiring special consideration, final action on the
license application will be delayed. (See section
on “Consideration of Applicant’s Character” under “License Qualification Requirements.”)
It is unlawful for any person to engage in the business of a
real estate broker until the date his or her license is issued by
the Commission. The issuance date is displayed on the license
certificate issued to each broker.
Real Estate Licensing in North Carolina
Initial Licenses Are Inactive Provisional
Broker Licenses
All applicants who qualified for licensure by examination
are issued a “provisional broker” license (technically a broker
license on “provisional” status) as defined in the “Introduction” section of this booklet. [EXCEPTION: An applicant
licensed by examination who qualified based on broker licensure in another jurisdiction is issued a broker license that is
NOT on provisional status.] A “provisional broker” must be
supervised by a “Broker-in-Charge” at all times when engaging
in real estate brokerage activities. A provisional broker must
satisfy the postlicensing education requirement described below in order to terminate the provisional status of his or her
broker license.
renewal fee is $45. Licensees are responsible for renewing
their licenses in a timely manner even if they did not receive
renewal notices due to a business and/or residence address
changes or other reasons.
Renewal notices for active brokers are sent to their business
address (the address of the broker-in-charge of the office with
which they are affiliated). Renewal notices for inactive brokers are sent to their residence address on file with the Commission. No person may engage in real estate brokerage activities
after his/her license has expired.
A new license pocket card is sent to brokers each year
upon the renewal of their licenses. This card verifies renewal,
but does not show whether the license is on active or inactive
status. Whenever there is a change in active or inactive status,
a separate notice is sent to the licensee.
Activation of Initial Inactive Provisional
Broker License
Postlicensing Education for Provisional
Brokers
A provisional broker license is initially placed on inactive
status. Before the provisional broker can begin work in the
real estate business, the provisional broker and his or her broker-in-charge must file a “Notification of Provisional Broker
Supervision” form with the Commission Office to have the
provisional broker license placed on active status. This may be
accomplished by accessing the Commission’s website at www.
ncrec.gov and utilizing the interactive online form.
All new provisional brokers must satisfy the postlicensing
education requirement of 90 classroom hours of postlicensing education within three (3) years of the date of initial
licensure. The postlicensing education is divided into three
30-hour postlicensing courses titled as follows: Broker Relationships and Responsibilities, Contracts and Closing, and Selected Topics. Provisional brokers must complete at least one of
the three courses during each of the first three one-year periods following the date of initial licensure and all three courses
within three years of initial licensure. A provisional broker
may elect to complete all three courses during the first or second year after initial licensure.
Upon completing all three postlicensing courses, the provisional status of the broker license will be terminated by the
Commission. [Approved schools will report course completion to the Commission, so licensees do not need to report
course completion or request termination of provisional status.] If a provisional broker fails to complete a postlicensing
course by the end of either the first, second or third year after
initial licensure, his or her license will be placed on inactive
status until he or she remedies the education deficiency and
requests reactivation of his or her license.
The postlicensing courses are only available as in-class
courses through Commission-approved North Carolina
schools. Because of the “hands-on” nature of the instruction
required in these courses, they are not available online, by correspondence or by any other distance education method. As
noted below, however, some resident and most nonresident
provisional brokers may have additional options for satisfying
some or all of the postlicensing education requirement.
Requirement for Active Status and
Notification of Changes in Employment
or Address
Any broker license, whether on “provisional” status or
not, must be on “active” status at all times when the broker
is performing real estate brokerage activities. To remain on
“active” status, a licensee must satisfy in a timely manner
both the postlicensing and continuing education requirements described below. Also, a licensee must notify the
Commission within 10 days of any change in employment
status (including a change in broker-in-charge) or in business or residence address.
License Renewal
All real estate licenses expire on the next June 30 following
the date of issuance unless they are renewed by that date. This is
true even if the license was issued in May or June. License
renewal notices (post cards) are sent to licensees each year in
May (and included with new licenses issued in late May or
June). Licensees should renew their licenses online through
the Commission’s Web site, www.ncrec.gov, using a credit
card between May 15 and June 30. If a licensee does not
have access or ability to renew online, he/she may call the
Commission office on or between May 15 and June 30 and
pay using a credit card over the phone. The annual license
Postlicensing Course Waiver Based on
“Equivalent Education/Experience”
A vast majority of provisional brokers, especially resident provisional brokers, must take the postlicensing cours-
Real Estate Licensing in North Carolina
25
es. However, it is possible for some provisional brokers, especially those with substantial (i.e., several years) brokerage
experience in another jurisdiction or substantial experience
as a real estate attorney, to obtain a waiver of one or more of
the postlicensing courses based on their “equivalent” experience. The specific course(s) waived would depend on the
type of experience (e.g., residential sales, commercial brokerage, etc.). Provisional brokers, especially those who are
nonresidents and do NOT have a North Carolina business
or delivery address, may also be able to obtain “equivalent”
credit for some postlicensing and continuing education
courses taken in another jurisdiction. Nonresident provisional brokers may also have their “provisional” status removed (i.e., have all postlicensing education waived) if they
obtain a broker license in another jurisdiction. Provisional
brokers who think they may possess qualifications justifying
a waiver may request from the Commission office a copy
of the Commission’s “Instructions for Requesting a Waiver of
Postlicensing Education” which contains examples of possible
grounds for a waiver and directions for making a request.
Distinguishing Postlicensing Education
and Continuing Education
Postlicensing education should not be confused with
continuing education. Postlicensing education is a onetime requirement that must be completed within the prescribed period of time after initial licensure. Continuing
education must be completed on an ongoing basis each
annual license period beginning with the first full annual
license period after initial licensure.
Continuing Education
The continuing education requirement is eight (8) hours
per license period, including the Real Estate Update Course
(4 hours) plus one 4-hour elective course. Licensees are generally required to satisfy the continuing education requirement
each annual license period (July - June) in order to renew their
licenses on active status. There is however, a limited exception
for new licensees. A newly licensed broker licensed by examination or reinstatement does not have to obtain CE during the license
period he/she is originally licensed and only has to satisfy the 8-hour
annual CE requirement prior to his/her second license renewal in
order to renew his/her license on active status.
A nonresident licensee who does NOT have a North
Carolina business or delivery address and who also holds a
license in his/her resident jurisdiction may satisfy the continuing education requirement by maintaining the license
in the other jurisdiction on active status and certifying such
license status at the time of renewing his/her North Carolina license. On the other hand, a nonresident who has a
North Carolina business or delivery address does NOT
have this option and must take the Real Estate Update CE
course in North Carolina and either take a North Carolina
26
elective course or obtain equivalent elective course credit for
a CE course(s) taken in another jurisdiction.
LICENSE REINSTATEMENT
General Requirements
License Expired Six Months Or Less
Persons whose licenses have been expired for six months
or less may reinstate their licenses by simply paying the $55
license reinstatement fee not later than December 31 of the
year the license expired. (Licenses always expire on June 30.)
No license application is required and the former licensee does
not have to meet any education or examination requirements
to reinstate his/her license. The former licensee will be reinstated with his/her previous license number and will retain
the previous license issuance date for his/her original license.
Note, however, that license status (active or inactive) upon reinstatement will depend on the licensee’s former and reinstated
license category (broker or provisional broker), continuing education (CE) record and, for a provisional broker, postlicensing education record and whether or not he/she is affiliating
with a broker-in-charge at the time of reinstatement.
License Expired for More Than Six
Months or Revoked or Surrendered for
Any Period of Time
A person whose license has been expired for more than
six months or whose license has been revoked or surrendered for any period of time must meet the following requirements:
(1) Application. Complete and file the paper Application for Real Estate License form (including the required
criminal record report, official certification of licensure documenting active license status in another state and/or documentation of any other qualifying education/experience, and,
if not a North Carolina resident, the “Nonresident Supplement” to the license application); (See page 8 for instructions on how to obtain a paper application form.)
(2) Fee. Pay the $55 license reinstatement fee by certified check, cashier’s check or money order ($30 for reinstatement of a revoked or surrendered license);
(3) Education and/or Examination. Demonstrate to
the satisfaction of the Commission that he/she possesses the
current knowledge of and competence in real estate brokerage necessary to act in a manner that safeguards the public
interest (see “License Reinstatement Alternatives for Demonstrating Current Knowledge of Real Estate Brokerage” in this
section), and
(4) Character. Satisfy the Commission that he/she
possesses the requisite character for licensing. (See the section
in this booklet on “Consideration of Applicant’s Character”
under “License Qualification Requirements.”)
Real Estate Licensing in North Carolina
Status of Reinstated License. The former licensee who
meets all appropriate requirements for license reinstatement
will be reinstated with his/her previous license number, but
will be assigned a new license issuance date which will be the
date of reinstatement. License status at reinstatement will
depend on the licensee’s former and reinstated license category (broker or provisional broker), how he/she qualified
for reinstatement and, for a provisional broker, whether or
not he/she is affiliating with a broker-in-charge at the time
of reinstatement.
Important Note: Reinstatement applicants frequently request to be excused from demonstrating current knowledge of
real estate brokerage, citing reasons such as failure to receive
license renewal notices, extenuating personal circumstances
that caused them to forget to renew their licenses, failure of
other persons to renew their licenses for them, continued payment of the privilege license tax to the N. C. Department
of Revenue, and/or continued payment of trade association/
MLS dues as alleviating factors. A licensee has an affirmative
obligation to renew his/her license every June and assertions of the
above factors will not aid an applicant in obtaining license reinstatement. Only an applicant’s education and experience qualifications will be considered in determining whether the applicant
possesses the requisite current knowledge of real estate brokerage.
License Reinstatement Alternatives
for Demonstrating Current
Knowledge of Real Estate Brokerage
The Commission has approved the alternatives described
below regarding demonstration of current knowledge of and
competence in real estate brokerage when a former licensee
requests reinstatement of a license expired for more than
six (6) months or revoked or surrendered for any period of
time, regardless of whether the license was originally issued
by examination or reciprocity.
Former Brokers (Non-Provisional)
A former broker (non-provisional) seeking reinstatement of a license expired for more than six months or
revoked or surrendered for any period of time must demonstrate current knowledge of real estate brokerage as described below.
Broker (Non-Provisional) License Expired for More
than Six Months But Not More than Two Years (or
Revoked or Surrendered for Any Period of Two Years
or Less)
Alternatives for Demonstrating Current Knowledge
of Real Estate Brokerage:
1. Complete one 30-hour postlicensing course
(applicant’s choice), including passing the course
exam, within six months prior to application; OR
2. Pass both the “National” and “State” sections of the
current license examination; OR
3. If the applicant possesses an active broker license in
another state, pass only the “State” section of the
current license examination.
Upon satisfying one of the above alternatives and all other requirements described in the “General Requirements”
section, the non-provisional broker license will be reinstated
on “active” status with a new license issuance date. CE will
first need to be completed prior to the second license renewal following reinstatement.
Broker (Non-Provisional) License Expired, Revoked
or Surrendered For More Than Two Years But Not
More Than Five Years
Alternatives for Demonstrating Current Knowledge of
Real Estate Brokerage:
1. Complete all three 30-hour postlicensing courses
(including passing the course exams) within three
years prior to application; OR
2. Pass both the “National” and “State” sections of the
current license examination; OR
3. If the applicant possesses an active broker license in
another state, pass only the “State” section of the
current license examination.
Upon satisfying one of the above alternatives and all other requirements described in the “General Requirements”
section, the non-provisional broker license will be reinstated
on “active” status with a new license issuance date. CE will
first need to be completed prior to the second license renewal following reinstatement.
Broker (Non-Provisional) License Expired, Revoked
or Surrendered For More Than Five Years
Applicants must satisfy all requirements for original licensure. In other words, the applicant will be treated as though
never licensed. Thus, the applicant must first complete the
75-hour broker prelicensing course (or demonstrating qualifications 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
she possesses an active salesperson or broker license in another state). The applicant must also satisfy the requirement
to demonstrate the requisite “character” as is the case for all
applicants. [See “License Qualification Requirements” section of this booklet.]
The applicant will then be issued a “provisional broker”
license with a new license date (on “inactive” status pending affiliation with a broker-in-charge) and then must complete the
90-hour postlicensing education requirement in the same manner 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
who is licensed as a broker in another state will be reinstated
as a “broker (non-provisional)” on “active” status and will
not need to complete the postlicensing education requirement.
After licensure, continuing education (CE) will first need to
be completed prior to the second license renewal following
reinstatement. [See the section of this booklet on “License
Qualification Requirements” for further details.]
Former Provisional Brokers and
Salespersons
A former provisional broker seeking reinstatement of
a license expired for more than six months or revoked or
surrendered for any period of time must demonstrate current knowledge of real estate brokerage as described below.
Provisional Broker License Expired for More than Six
Months But Not More than Five Years (or Revoked or
Surrendered for Any Period of Five Years or Less)
Alternatives for Demonstrating Current Knowledge of
Real Estate Brokerage:
1. Complete any of the three 30-hour postlicensing
courses not taken within three years prior to filing
the reinstatement application (all three 30-hour
courses for former salespersons and for former
provisional brokers on “PBT” status who failed
to complete the 24-hour Broker Transition Course
prior to April 1, 2008). Upon satisfying alternative
(1) and all other requirements described in the
“General Requirements” section, the applicant will
be reinstated as a broker (non-provisional) on
“active” status. In other words, the “provisional”
status of the old license will be removed because
the applicant has now completed the entire
postlicensing education requirement. CE will first
need to be completed prior to the second license
renewal following reinstatement.
OR
2. Satisfy all requirements for original licensure as
described below for provisional brokers with a
license expired, revoked or surrendered for more
than five years.
Provisional Broker License Expired, Revoked or
Surrendered for More Than Five Years
Applicants must satisfy all requirements for original licensure. In other words, the applicant will be treated as though
never licensed. Thus, the applicant must first complete the
75-hour broker prelicensing course (or demonstrating qualifications 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
28
she possesses an active salesperson or broker license in another state). The applicant must also satisfy the requirement
to demonstrate the requisite “character” as is the case for all
applicants. [See “License Qualification Requirements” section of this booklet.]
The applicant will then be issued a “provisional broker”
license with a new license date (on “inactive” status pending affiliation with a broker-in-charge) and then must complete the
90-hour postlicensing education requirement in the same manner as required for a “new” licensee in order to remove the “provisional” status of the broker license, except that an applicant
who is licensed as a broker in another state will be reinstated
as a “broker (non-provisional)” on “active” status and will
not need to complete the postlicensing education requirement.
After licensure, continuing education (CE) will first need to
be completed prior to the second license renewal following
reinstatement. [See the section of this booklet on “License
Qualification Requirements” for further details.]
Additional Alternative for Any
License Reinstatement Applicant
with Extraordinary Education and/or
Experience Qualifications
Any former licensee desiring license reinstatement may,
in lieu of demonstrating current knowledge of and competence in real estate brokerage under one of the alternatives
described above, request in connection with a license reinstatement application that the Commission consider his/her
particular real estate education/experience qualifications to
be equivalent to a stated alternative applicable to his/her situation. Any such requests will be evaluated on an individual basis. Any former licensee considering this alternative is
cautioned that any real estate education/experience forming
the basis for such special request must be recent and substantial, and must clearly demonstrate the individual’s current
knowledge of real estate brokerage (as opposed to some related
field). The applicant should include with the application a
detailed description of all real estate or related experience
and real estate education since license expiration.
Possible Disciplinary Action for
Unlawful Activity
Brokerage experience acquired unlawfully while a license
is expired, revoked or surrendered will not be recognized
for the purpose of demonstrating current knowledge of real
estate brokerage in connection with a license reinstatement
application. Moreover, an inquiry regarding such activity
may be conducted by the Commission’s Legal Division and
the person involved may be subject to disciplinary action.
Real Estate Licensing in North Carolina

Similar documents

×

Report this document