Please note, some of the steps will not be listed by the North Carolina Real Estate Commission or the testing sites because they’re not required to get a real estate license. However, they are required to do business. And here is everything you need to know about licensure, and prior to doing business in North Carolina as a REALTOR.
Steps to become licensed and do business in the state of North Carolina:
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Take pre-licensing course. We offer discounted prelicensing education through Kaplan. It is a 75 hour pre-licensing course. All on demand, or if you are the type of learner that likes to interact with others, they are options for online videos and online classes. Receive a 15% discount by clicking below and registering for your course.
CLICK THIS LINK TO REGISTER.
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Pass the state exam.
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Start the application process with the North Carolina Real Estate Commission.
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Lodge (or “hang”) your license with a firm to become active.
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Obtain Privilege License fro NC Department of Revenue.
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Pay all renewal fees by June 30 of the current year.
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Complete your post licensing within 18 months to remain licensed, and continuing education thereafter.
Once you successfully pass your exam, you will hold a Provisional Broker (PB) license. Your license type will be PB until you complete your post licensing training in North Carolina real estate commission gives you 18 months. The PB status is like having training wheels, your real estate transactional activity must be actively supervised by Broker in Charge (BIC) at all times.
You also need to apply for a privilege license for the state of North Carolina. The cost is $50.00. You must retain a privilege license on file at all times. The privilege license expires annually at the same time is your broker license. If you do not have a privilege license, you will be heavily fined for every real estate transaction done by the North Carolina Department of Revenue.
In order to have access to the MLS, You need to join the real estate associations. Most firms require you to join the real estate Association. You will need to join the National Association of Realtors as well as North Carolina Association of Realtors, in addition to your local board.
There are fees associated with joining the real estate associations that must be paid upfront, for the year. Most firms will require you join the association prior to allowing you to lodge your license. There are. Also MLS dues, paid quarterly to the regional MLS. They are connected to your regional/local Association. One transaction your first transaction
Your first transaction should more than cover all of the fees you would have paid by the time you’re done, depending on the firm you choose.
Stay tune for updates.
