It’s time to renew your real estate license. The Commission’s Web site, www.ncrec.gov, begins accepting online renewals – the fastest, most convenient way to renew – on Sunday, May 15.
The annual fee remains at $40, one of the lowest in the nation. You may charge your renewal with MasterCard, Visa or Discover.
On the Web site, go to Renew/Reinstate and enter your license number and PIN (personal identification number). Your PIN – unless you have changed it – will be the last four digits of your Social Security number, which you have already provided the Commission.
A confirmation will display upon acceptance of your renewal and you may print and retain it for your records.
While on the Web site, update your email, fax and residence addresses, if needed, and check your continuing education and postlicensing credit information to be certain they are correct. (Allow 15 days after completing CE for credits to be posted; the CE credits displayed on the label of this Real Estate Bulletin are those posted as of April 29.)
If you choose to wait, remember, your renewal must be received by us on or before Thursday, June 30 (EDT). Miss that deadline and your license will expire effective July 1 and you must pay a $55 fee to reinstate it before 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 license examination at the time of reinstatement.
The annual continuing education requirement is eight hours, four of which are the mandatory, annual Update Course. The deadline for completing CE is June 10, after which no classes are available until after June 30. Incomplete CE affects the status of your license – changing it from “active” to “inactive” on July 1.
Brokers-in-charge are reminded of the annual BICAR requirement.
Once your license is “inactive”, you cannot engage in brokerage activity until you take all required CE and submit the necessary paperwork.
So, be sure to take your CE and renew your license on time!
This article came from the May 2011-Vol42-1 edition of the bulletin.