CHANGES TO REAL ESTATE BROKER LICENSE FEES.

View NCGA Bill Details2015-2016 Session
Senate Bill 294 (Public) Filed Monday, March 16, 2015
AN ACT TO INCREASE THE FEE FOR REAL ESTATE BROKER LICENSE APPLICATIONS AND REINSTATEMENTS AND TO INCREASE THE CAP FOR RENEWAL FEES.
Intro. by Gunn.

Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (Mar 17 2015)

Bill History:

S 294

Bill Summaries:

  • Summary date: Mar 16 2015 - More information

    Amends GS 93A-4 as the title indicates. Sets the real estate broker license application fee at $100 (was, not to exceed $30) unless the North Carolina Real Estate Commission (Commission) sets the fee at a higher amount by rule; however, prohibits the Commission from setting an application fee that is more than $200 and prohibits increasing the application fee by more than $10 during a 12-month period.

    Sets the license renewal fee at $45 (was, $30) unless the Commission sets the renewal fee at a higher amount by rule; however, prohibits the Commission from setting the renewal fee at more than $200 (was, $50) and prohibits increasing the renewal fee by more than $10 (was, $5) during a 12-month period.

    Sets the fee for reinstatement of an expired, revoked, or suspended license at an amount that is equal to two times the license renewal fee at the time the reinstatement application is submitted.

    No longer requires the pre- and post-licensing education program hours to consist of in-classroom instruction.

    Effective January 1, 2016.


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