If you want to participate in a real estate transaction as a professional, you will more than likely need a real estate license. Most states, including North Carolina, require real estate professionals to apply for licensure, demonstrate aptitude by passing a real estate exam, and show that they are of good character to earn a real estate license.
However, a real estate license is by no means permanent. Real estate departments in every state require that licensees continuously renew their licenses, and impose additional requirements—namely, real estate continuing education courses—in order for professionals to stay licensed. Those who do not complete these courses, or otherwise fail to complete the renewal process, risk having their real estate license declared inactive or forfeited altogether.
Many real estate brokers and managing brokers grew leery of the industry after the market turned sour after 2008. Now that the real estate market has continued to rebound, some of these professionals are looking to get back into the swing of things, only to find out that their real estate licenses are no longer valid. So how does one get his or her real estate license back, if this is the case?
Steps to getting your expired North Carolina real estate license back
Each state has unique real estate license requirements for maintaining a real estate license. While the specific requirements vary, they are all imposed for the same reasons. State real estate commissions have a duty to ensure that industry professionals are maintaining the knowledge of real estate they demonstrated when originally applying for licensure, as well as continuously learning more about industry practices to serve their customers ethically and responsibly. Imposing license maintenance requirements is the best way for state commissions to live up to their responsibilities.
All North Carolina real estate licenses expire on June 30 every year. What you have to do to reinstate your license largely depends on how long it has been expired.
- If it has lapsed for six months or less, you won’t need to take the exam. You will need to pay the $90 reinstatement fee, be current on your continuing education requirements, be affiliated with a broker-in-charge, and submit the appropriate form to the licensing board.
- If it has been more than six months and up to two years, you will need to successfully complete one post-licensing course within six months of submitting the reinstatement application. As an alternative, you can pass the national and state sections of the license exam. You will also have to submit a criminal background check, be affiliated with a broker-in-charge, and submit the appropriate paperwork to the licensing board.
- If it has been more than two years, you will need to successfully complete the 75-hour North Carolina broker pre-license course and pass the national and state sections of the license exam. Along with your reinstatement application, you will have to provide a criminal background check and be affiliated with a broker-in-charge.
For more detailed information and to start the process, you can visit the North Carolina Real Estate Commission website.