Key Takeaways
- The North Carolina Real Estate Commission (NCREC) regulates all real estate licensees under Chapter 93A of the NC General Statutes
- NCREC consists of 9 members: 7 licensed brokers and 2 public members, all appointed by the Governor
- North Carolina uses the term "broker" for all licensees - there is no "salesperson" license in NC
- The Commission has authority to issue, suspend, and revoke licenses, investigate complaints, and impose disciplinary action
- NCREC administers the Real Estate License Law and the Real Estate Education and Recovery Fund
North Carolina Real Estate Commission (NCREC)
Important: This content covers North Carolina-specific real estate laws and regulations. You should complete the National Real Estate Exam Prep first, as the North Carolina exam includes 100 national questions in addition to 40 state-specific questions.
The North Carolina Real Estate Commission (NCREC) is the state agency responsible for licensing and regulating real estate professionals in North Carolina. NCREC operates under Chapter 93A of the North Carolina General Statutes.
NCREC Structure
The Commission consists of 9 members appointed by the Governor:
| Member Type | Number | Qualifications |
|---|---|---|
| Licensed Brokers | 7 | Active NC broker license |
| Public Members | 2 | Not licensed in real estate |
Members serve 3-year staggered terms and meet monthly to conduct Commission business.
NCREC Authority and Functions
The North Carolina Real Estate Commission has broad regulatory authority:
- Licensing - Issue, renew, suspend, and revoke broker licenses
- Education - Approve prelicensing and continuing education courses
- Enforcement - Investigate complaints and take disciplinary action
- Rulemaking - Adopt rules and regulations (21 NCAC 58)
- Recovery Fund - Administer the Real Estate Education and Recovery Fund
North Carolina Real Estate Law
North Carolina real estate law is found in:
- N.C.G.S. Chapter 93A - Real Estate License Law
- 21 NCAC 58 - Commission Rules and Regulations
Key provisions include licensing requirements, prohibited conduct, trust fund handling, and disclosure requirements.
Exam Tip: North Carolina is unique - ALL licensees are called "brokers." There is no "salesperson" license. New licensees receive "provisional broker" status.
NCREC Contact Information
Address: 1313 Navaho Drive, Raleigh, NC 27609 Phone: (919) 875-3700 Website: ncrec.gov Email: webmaster@ncrec.gov
How many members serve on the North Carolina Real Estate Commission?
What is unique about real estate licensing terminology in North Carolina?