21 NCAC 58A .0103. BROKER NAME AND ADDRESS

(a)  Upon initial licensure and at all times thereafter, every broker shall assure that the Commission has on record the broker's current personal name, firm name, trade name, residence address and firm address.  Every broker shall notify the Commission in writing of each change of personal name, firm name, trade name, residence address and firm address within 10 days of said change.  All addresses shall be sufficiently descriptive to enable the Commission to correspond with and locate the broker.

(b)  Registration of Assumed Name. In the event that any broker shall advertise in any manner using a firm name or an assumed name which does not set forth the surname of the broker, the broker shall first file the appropriate certificate with the office of the county register of deeds in each county in which the broker intends to engage in brokerage activities in compliance with G.S. 66-68 and notify the Commission in writing of the use of such a firm name or assumed name.

(c)  Business names. A broker shall not include the name of a provisional broker or an unlicensed person in the name of a sole proprietorship, partnership or business entity other than a corporation or limited liability company. No broker shall use a business name that includes the name of any active, inactive, or cancelled broker without the permission of that broker or that broker's authorized representative.

 

History Note:        Authority G.S. 55B-5; 66-68; 93A-3(c); 93A-6(a)(1);

Eff. February 1, 1976;

Readopted Eff. September 30, 1977;

Amended Eff. April 1, 2013; August 1, 1998; February 1, 1989; May 1, 1984.