Get ready! Get set! Renew! It’s time once again to renew your real estate license. To help you do so quickly and conveniently, the Commission’s Web site, www.ncrec.gov, will be available for online renewing starting May 15.
The annual fee for the 2010-11 license remains at $40, one of the lowest in the nation, and is payable using MasterCard, Visa or Discover Card.
To renew online, log in at the Web site and go to Renew/Reinstate and enter your license number and PIN (personal identification number). Unless changed, your PIN will be the last four digits of your Social Security number, which you should have already provided the Commission.
Once your renewal is accepted, you will receive a confirmation to print and retain for your records. While online, update your email, fax and residence addresses, if needed.
The deadline for renewal is midnight, June 30 (EDT). If you renew by mail, your renewal must be received by the Commission on or before that date.
If you miss the deadline, your license will expire effective July 1 and you must pay a $55 fee to reinstate it prior to December 31. After that date a new application, background report, and fee are required. You may also be required to complete additional education or pass the examination at the time of reinstatement.
It’s a good idea while on the Commission Web site to check your continuing education and postlicensing credit information to be certain they are correct.
Allow 15 days for any CE credits to be reflected. The CE credits displayed on the label of this Real Estate Bulletin are those posted about two to three weeks prior to its arrival. Those posted on the Web site will be more current.
Is your continuing education complete? You need eight hours, four of which are the mandatory, annual Update Course.
If your CE is not complete, you have until June 10 to make the deadline. No CE classes are given from June 11 through June 30. Incomplete CE results in a change in your “active” license status to “inactive” on July 1.
This article came from the May 2010-Vol41-1 edition of the bulletin.