21 NCAC 58C .0103. CRITERIA FOR APPROVAL

(a)  After due investigation and consideration, approval shall be granted to a school when it is shown to the satisfaction of the Commission that:

(1)           The school has submitted a complete and accurate application for approval;

(2)           The school is a North Carolina post-secondary educational institution licensed or approved by the State Board of Community Colleges or the Board of Governors of the University of North Carolina or a North Carolina private business or trade school licensed under G.S. 115D-90;

(3)           The courses to be conducted comply with the standards described in Section .0300 of this Subchapter; and

(4)           The school has designated one professional-level employee to serve as the director of all the school's real estate prelicensing and postlicensing course offerings and, in that capacity, be responsible for liaison with the Commission and for assuring compliance with all Commission rules relating to the conduct of such courses regardless of where the courses are offered.

(b)  A North Carolina college or university which grants a baccalaureate or higher degree with a major or minor in the field of real estate, real estate brokerage, real estate law, real estate finance, real estate development, or other similar fields shall request that appropriate real estate and related courses in its curriculum be approved by the Commission as equivalent to the real estate prelicensing education program prescribed by G.S. 93A-4(a).  The Commission shall grant such approval and shall exempt such school from compliance with the course standards set forth in Section .0300 of this Subchapter.

 

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

Eff. February 1, 1976;

Readopted Eff. September 30, 1977;

Amended Eff. July 1, 2010; April 1, 2006; July 1, 1994; May 1, 1990; February 1, 1989; November 1, 1987.