N.C. Gen. Stat. § 93A-4.2
Broker-in-charge qualification
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
To be qualified to serve as a broker-in-charge of a real estate office, a real estate broker shall possess at least two years of full-time real estate brokerage experience or equivalent part-time real estate brokerage experience within the previous five years or real estate education or experience in real estate transactions that the Commission finds equivalent to such experience and shall complete, within a time prescribed by the Commission, a course of study prescribed by the Commission for brokers-in-charge not to exceed 12 classroom hours of instruction. A provisional broker may not be designated as a broker-in-charge.
To be qualified to serve as a broker-in-charge of a real estate office, a real estate broker shall possess at least two years of full-time real estate brokerage experience or equivalent part-time real estate brokerage experience within the previous five years or real estate education or experience in real estate transactions that the Commission finds equivalent to such experience and shall complete, within a time prescribed by the Commission, an education program prescribed by the Commission for brokers-in-charge not to exceed 12 hours of instruction. A provisional broker may not be designated as a broker-in-charge.
History
(2005-395, s. 7.)
Section set out twice. - The section above is effective until July 1, 2020. For the section as amended July 1, 2020, see the following section, also numbered G.S. 93A-4.2.
§ 93A-4.2. (Effective July 1, 2020) Broker-in-charge qualification.
To be qualified to serve as a broker-in-charge of a real estate office, a real estate broker shall possess at least two years of full-time real estate brokerage experience or equivalent part-time real estate brokerage experience within the previous five years or real estate education or experience in real estate transactions that the Commission finds equivalent to such experience and shall complete, within a time prescribed by the Commission, an education program prescribed by the Commission for brokers-in-charge not to exceed 12 hours of instruction. A provisional broker may not be designated as a broker-in-charge.
History
(2005-395, s. 7; 2019-195, s. 2.2.)
Section set out twice. - The section above is effective July 1, 2020. For the section as in effect until July 1, 2020, see the preceding section, also numbered G.S. 93A-4.2.
Effect of Amendments. - Session Laws 2019-195, s. 2.2, effective July 1, 2020, in the first sentence, substituted "and education program" for "a course of study" and deleted "classroom" following "12".
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.