A BILL TO BE ENTITLED AN ACT AMENDING THE LAWS REGULATING REAL ESTATE BROKERS AND SALESPERSONS TO REQUIRE THE BOARD MEMBERS OF A COMMUNITY ASSOCIATION TO COMPLETE EDUCATION ON THE LAWS, MANAGEMENT, AND FUNCTIONS OF COMMUNITY ASSOCIATIONS AS PROVIDED BY THE NORTH CAROLINA REAL ESTATE COMMISSION.
Enacts GS 93A-14 requiring newly elected board members to a community association's board of directors to complete a minimum of four hours of education on the laws related to community associations within sixty days after election. The community association must pay a fee of $75 to the North Carolina Real Estate Commission for each member taking the course. Authorizes recodification of GS 93A-14.
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