Did you know a real estate broker must possess a privilege license issued by the North Carolina Department of Revenue in order to practice brokerage?
What is a privilege license? A privilege license is a license to engage in a business, trade, or profession in North Carolina.
To legally engage in brokerage, brokers must first apply for a privilege license and then must pay the privilege license tax annually by July 1.
It is unlawful for any broker to practice brokerage without a privilege license.
Have questions about the privilege license? Contact the North Carolina Department of Revenue at ncdor.gov or 877.252.3052.
Need to apply for a privilege license? Access the application here.