21 NCAC 58A .0503. LICENSE RENEWAL; PENALTY FOR OPERATING WHILE LICENSE EXPIRED

(a)  All real estate licenses issued by the Commission under G.S. 93A, Article 1 shall expire on the 30th day of June following issuance.  Any broker desiring renewal of his or her license shall apply for renewal within 45 days prior to license expiration by submitting an electronic renewal application on the Commission's website at www.ncrec.gov and submitting with the electronic application the required renewal fee of forty-five dollars ($45.00).  A broker who does not have the ability to renew online may renew by calling the Commission's office during normal business hours posted on the Commission's website.  Every individual broker shall provide on his or her renewal application an email address to be used by the Commission to communicate with the broker.  The email address may be designated by the broker as private in order to be exempt from public records disclosures pursuant to G.S. 93A-4(b2). A broker who does not have an email address shall so state on the renewal application.  A broker is not required to obtain an email address to comply with this Rule.

(b)  Any person desiring to renew his or her license on active status shall, upon the second renewal of such license following initial licensure, and upon each subsequent renewal, have obtained all continuing education required by G.S. 93A-4.1 and Rule .1702 of this Subchapter.

(c)  A person renewing a license on inactive status shall not be required to have obtained any continuing education in order to renew such license; however, in order to change his or her license from inactive status to active status, the broker must satisfy the continuing education requirement prescribed in Rule .1703 or .1711 of this Subchapter.

(d)  Any person or firm that engages in the business of a real estate broker while his, her, or its license is expired shall be subject to the penalties prescribed in G.S. 93A-6.

 

History Note:        Authority G.S. 93A-3(c); 93A-4(b2); 93A-4(c); 93A-4(d); 93A-4.1; 93A-4.1(a); 93A-4.1(c)(8); 93A-6;

Eff. February 1, 1976;

Readopted Eff. September 30, 1977;

Amended Eff. July 1, 1994; February 1, 1991; February 1, 1989;

Temporary Amendment Eff. April 24, 1995 for a period of 180 days or until the permanent rule becomes effective, whichever is sooner;

Amended Eff. July 1, 2014; April 1, 2013; April 1, 2006; January 1, 2006; July 1, 2004; December 4, 2002; April 1, 1997; July 1, 1996; August 1, 1995.