Note! Information in this article may be dated. To search recent bulletin articles click here.

Effective April 1, 2006 Gov. Easley Signs Historic Real Estate Licensing Bill

On September 14, Governor Easley signed legislation making the most significant changes ever in the Real Estate License Law.

Soon, salesperson licenses will be converted to (provisional) broker licenses, license applicants will be required to complete more real estate education, and persons wishing to become brokers-in-charge of real estate offices must have additional training and real estate experience.

At its September meeting, the Real Estate Commission recognized the following persons and organizations who were instrumental in the passage of the legislation:

• Representative Julia Howard who, with Representatives William Culpepper and Harold Brubaker, sponsored the legislation and who advocated for it on the House Floor and in committee;

• Senate Majority Leader Tony Rand who sponsored a companion bill and spoke for the legislation on the Senate Floor;

• North Carolina Association of REALTORS® which used its considerable resources to promote the legislation; and the Commission’s 2004 Broker-in-Charge Advisory Committee which conceived and recommended the legislation to the Commission.

Commission Chairman Rick Watts concluded the proceedings by remarking that, as a result of this important legislation, “Real estate consumers will soon be served by more knowledgeable agents, and North Carolina’s real estate licensing program will be restructured to meet the needs and demands of the 21st century marketplace.”

This article came from the October 2005-Vol36-2 edition of the bulletin.