21 NCAC 58A .1903. EXTENSIONS OF TIME TO COMPLETE POSTLICENSING EDUCATION

A provisional broker as described in G.S. 93A-4(a1) or G.S. 93A-4.3(d) may request and be granted an extension of time to satisfy the postlicensing education requirement for any of the first three years following the date of his or her initial licensure as a broker if the licensee provides evidence satisfactory to the Commission that he or she was unable to obtain the necessary education due to an incapacitating illness or other circumstance which existed for a substantial portion of the year in question and which constituted a severe and verifiable hardship such that to comply with the education requirement would have been impossible or unreasonably burdensome.  The Commission shall not grant an extension of time when the reason for the request is a business or personal conflict or when, in the opinion of the Commission, the principal reason for the provisional broker's failure to obtain the required education in a timely manner was unreasonable delay on the part of the provisional broker in obtaining such education.  If an extension of time is granted, the provisional broker may retain his or her license on active status until expiration of the extension period, but the license shall be automatically changed to inactive status at the end of the extension period unless the licensee obtains the required postlicensing education prior to that time.  If an extension of time is not granted, the provisional broker's license shall be treated as described in Rule .1902(b) or (c) of this Section.  A request for an extension of time must be submitted on a form provided by the Commission.

 

History Note:        Authority G.S. 93A-4;

Eff. April 1, 2006;

Amended Eff. January 1, 2012.