To lawfully engage in brokerage activity and receive any income for brokerage, an individual must have a CURRENT real estate broker license on ACTIVE status at the time they provide brokerage services.
A broker who timely renews their license during May 15-June 30 has a current license for the subsequent year. All licenses expire on June 30 each year unless they are renewed by that date.
What is an “active” license?
Key Points: Active License Status
Key Points: Inactive License Status
Are BICs responsible for ensuring their affiliated brokers have an active, current license?
Yes. Commission Rule 58A .0110 requires designated BICs to assure that each affiliated broker has a current, active license to engage in brokerage activities. In order to appropriately supervise affiliated brokers and adhere to Commission rules, a BIC should use the Broker-in-Charge Login to examine the license record of all affiliated brokers and remind them of their obligation to renew their license and complete continuing education each year.
How does a broker reactivate an inactive license?
Pursuant to 58A .1703, the requirements for reactivating an inactive license depend upon the length of inactivity AND whether or not the broker has a continuing education deficiency. The reactivation requirements are as follows:
Can a broker practice brokerage after reactivating their license?
Although a broker may have completed the required steps to reactivate an inactive license, they may not engage in brokerage activity without first submitting the License Activation and Broker Affiliation form (REC 2.08) to notify the Commission of the broker’s desire for ACTIVE status and of the office with which they will be affiliated and doing business.
REMEMBER: A broker may use the Licensee Login to analyze their license record and determine if they have completed their continuing education. A BIC may also review the license record of affiliated brokers by logging into their Broker-in-Charge Login. Do you have additional questions about ACTIVE versus INACTIVE license status? Contact the Education and Licensing Division at LS@ncrec.gov or 919.875.3700, x772.