This article outlines the process to get your North Carolina Real Estate License in an easy to understand, step-by-step manner. You’ll still need to take your license exam in person, but the rest of the process can be completed entirely online! Nowadays, this process can be done almost entirely online. This article came from the October 2016-Vol47-2 edition of the bulletin.Getting your North Carolina Real Estate License is the first step to becoming a real estate provisional broker in North Carolina. Once you have these licenses, mark your calendar to renew your broker license by June 30 of each year and to renew your privilege license and pay the yearly tax by July 1 st. Remember: Before conducting real estate brokerage services you must: (1) obtain an individual and/or firm license from the NC Real Estate Commission AND (2) obtain a state privilege license from the NC Department of Revenue. Go to your city or county website for further information. Brokers should still confirm with their city or county whether any other additional local permits are needed to conduct business in that location. NCGS §160A-194, effective July 1 st, 2015, limited the authority of cities to require an additional license for persons holding a license issued by an occupational licensing board. This tax is not prorated and there are penalties for failure to pay. Once this state privilege license has been granted, you must pay an annual tax on July 1 st. In order to apply for a privilege license, you must go to the Department of Revenue’s website. There are a few, very limited exemptions from the state privilege license requirement which can be found under NCGS §105-41(b). The state privilege license is governed by the Department of Revenue and must also be renewed yearly by July 1. Individual real estate brokers are specifically required to obtain a privilege license under NCGS §105-41(a)(8) however, a licensed broker who is also a licensed appraiser is only required to get one privilege license which will cover both activities. This license is personal and is not issued in the name of a firm or corporation. For more information on the broker and/or firm license go to the Commission’s website, A state privilege license is also required to do certain types of business activities within North Carolina. The broker real estate license for individuals and firms is administered by the Real Estate Commission and must be renewed yearly on or before June 30 through the Commission. Local Rules for the North Carolina Real Estate CommissionĪnd the difference is, a broker license is something every individual and business entity needs to perform real estate brokerage services like sales or property management in North Carolina.Commission Guidelines and Other Information.NCAR Residential Property Management Legal Handbook.Commercial Property Management Guides/Other Resources.Rosters of Exam Candidates and New Licensees.License Examination Performance by Education Provider.
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