Reminder: Did You Know About the Following Rule Changes?

Rule 58A .1711 Continuing Education Required of Nonresident Brokers

The Commission repealed Rule 58A .1711 on July 1, 2023. Effective July 1, 2023, nonresident brokers must now comply with North Carolina CE requirements as specified in Rule 58A .1702, Continuing Education Requirements.

Essentially, Rule 58A .1702 requires all brokers to take eight credit hours of NCREC-approved real estate continuing education courses within one year prior to the expiration of their license as follows:

1. four credit hours of elective courses; and
2. four hours of either:
3. the “General Update Course,” or
4. for a broker with BIC Eligible status, “the Broker-in-Charge Update Course” in lieu of the “General Update Course.”

Therefore, nonresident brokers will no longer be able to utilize the CE requirements from another state to certify they have met the CE requirements in North Carolina. Both the General Update and Broker-in-Charge Update Courses, and a number of other elective courses are available via online delivery enabling brokers to take North Carolina CE even when not present in the state.

NOTE: Nonresident brokers must complete their CE requirements by June 10 of each license year according to Rule 58A .1702.

Rule 58A .1708 Equivalent Credit [for teaching or developing a CE course]

Rule 58A .1708 was amended on July 1, 2023. The Rule now states in part:

1. The Commission shall award an approved instructor continuing education credit for teaching a Commission Update course….
2. The Commission shall award a broker continuing education elective credit the first time an approved continuing education elective course is taught by the broker….
3. The Commission may award continuing education elective credit for developing a continuing education elective course the first time it is approved by the Commission pursuant to 21 NCAC 58H .0401….

Approved instructors and brokers seeking equivalent continuing education credit under Rule 58A .1708, shall submit a form, available on the Commission’s website, that requires them to set forth the information specified in subsections (a), (b), and (c) of the Rule. 

NOTE: In order for any application for equivalent credit to be considered and credits applied to the current licensing period, a complete application, the appropriate fee, and all supporting documents shall be received by the Commission no later than 5:00 p.m. on June 17.