NC Real Estate License Law (2022/2023) Already Passed

Makeup of Commission Consists of nine members - 7 appointed by governor; one by Speaker of the House; one by President Pro-Tem of the Senate; 3 must be brokers in the real estate business; 2 cannot be involved directly or indirectly in the real estate business; serve 3 year staggered terms 6 powers granted to the North Carolina Real Estate Commission licensing real estate brokers in NC. approving schools that conduct real estate courses. approving instructors that teach real estate courses. conducting education and information programs relating to the real estate brokerage business. regulating the business activities of brokers in NC. has the power to discipline licensees who violate the license law or commission rules. 4 Disciplinary Actions Against Licensees Reprimand - slap on the wrist Censure - harder slap on the wrist License suspension License revocation