North Carolina Real Estate Commission1313 Navaho Drive
Raleigh, NC 27609
Phone: 919.875.3700
Regulatory Affairs: 919.719.9180
Website: www.ncrec.gov Review North Carolina license requirements to ensure you are prepared to obtain your real estate license. Real Estate Broker Prelicensing Requirements (Provisional Broker)- Be at least 18 years old
- Be a U.S.
Citizen, a non-citizen national, or a qualified alien
- Have a Social Security Number
- Order background check within six months prior to filing the application
- Successfully complete the 75-hour broker prelicensing course
- Submit application, fee, and required documentation to state prior to attempting to schedule exam with testing provider. (Applications can be found online at www.ncrec.gov).
- The commission
determines the applicant’s eligibility for the licensing exam. Once the applicant is deemed qualified, the Commission sends a “Notice of Examination Eligibility,” which is good for 180 days
- Applicant must contact the testing service (AMP) to schedule exam and pay fees. Must take the exam and pass within three years of the date the education was reported to the state
- As of May 4th, 2021, North Carolina Real Estate license candidates will have the opportunity to take their licensing
exams via remote testing.
Real Estate Broker-in-Charge Requirements- Two years of full-time real estate brokerage experience within the last five years
- Completion of the Commission’s 12-hour Broker-in-Charge Course either within three years prior to the designation or within 120 days following the designation. Brokers will receive four hours of continuing education elective credits for the 12-hour course
- Submit a Broker-in-Charge Declaration form
(REC Form 2.04)
Real Estate Postlicensing Education Requirements- Before June 30, 2020, brokers must complete at least one postlicensing course in each of the first three years following initial licensure to retain eligibility
- After July 1, 2020, brokers must complete all three postlicensing courses within 18 months of initial licensure to retain eligibility
- Complete 90 hours of education and the final exams
- Only licensed students may enroll in
post licensing education courses. The required identifier (North Carolina Real Estate License) is needed to purchase these courses.
Real Estate Continuing Education Requirements- Licensees must complete eight hours per annual license period to include the General Update Course (four credit hours) or the Broker-in-Charge Update Course (four credit hours), plus one four-hour, Commission-approved elective course
- All applicants must complete the online application with the NCREC and be found qualified to take the license examination
- Visit www.ncrec.gov/Licensing/ApplyLicense to complete the online application
- Once the Commission determines the applicant is qualified, a Notice of Exam Eligibility will be sent to the applicant, which is valid for 180 days from the
date it is issued (exam eligibility expiration date will be indicated on the notice)
- Please wait one business day following receipt of the electronic Notice of Exam Eligibility before logging into PSI’s website to schedule an exam date and time: https://candidate.psiexams.com/catalog/fti_agency_license_details.jsp?fromwhere=findtest&testid=4536
- PSI
is now opening the door to remote proctoring for the NC license examination.
- PSI has launched a new scheduling website (www.psiexams.com/ncre) and a phone number (855-579-4638) for NC exam candidates.
- It is highly recommended that applications read the Candidate Information Bulletin
- On the day of the examination, applications should arrive 30 minutes before the scheduled examination appointment
- All
applicants must bring two forms of valid signature-bearing identification:
- Government-issued Driver’s License
- U.S. Learner’s Permit
- National/State/Country Identification Card
- U.S. Government-issued Passport or Passport Card
- U.S. Government-issued Military Identification Card
- Credit/Debit Card (must be signed)
- Social Security Card
- If one or both sections of the exam are not passed, the Notice of Exam Eligibility will allow
applicants to schedule another examination as long as scheduled within the 180-day time-frame and applicant has waited 10 days after the last testing date
- If exams are not passed, applicants will receive a diagnostic report indicating areas of improvement and strengths by examination section
- If exams are passed, applicants will be notified right away, and the state will receive the results. Please wait up to 10 business days to contact the state if the license has not been
issued
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How many years must a broker keep all records from the date of the conclusion of a transaction or listing if the transaction does not close quizlet?
A broker must retain for three years copies of receipts issued or obtained in connection with the receipt and distribution of such checks.
Which of the following individuals must complete 14 hours of continuing education in the two years leading up to their Pennsylvania license renewal?
Real estate licensees who are renewing their licenses must complete 14 hours of continuing education courses, including 3.5 hours of approved 2020-22 renewal cycle required training on redlining, steering, implicit bias, diversity and the Fair Housing Act by the renewal deadline.
How long must licensees retain real estate transaction records quizlet?
The answer is for at least three years following the date of consummation or termination. Records of real estate transactions must be retained for three years following the consummation or termination of the transaction.
What is the purpose of the Pennsylvania consumer Notice quizlet?
The purpose of the consumer notice is to advise the consumer that the broker (or salesperson) is not representing the consumer in the transaction.
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