What does an inactive real estate license mean in NC?

How long can a NC Real Estate License stay inactive?

“FULL” BROKER LICENSE

Length of time License has been Expired, Revoked, Canceled, or Surrendered Status when Reinstated
More than 2 years AND up to 3 years ACTIVE “FULL” BROKER To be active, “Full” Broker must submit form REC 2.08.

How do Realtors become inactive?

“Inactive” status indicates that the licensee is in good standing with the Board of Registration of Real Estate Brokers and Salespersons, has not completed the required number of continuing education credits during the prior renewal period, but has paid the licensing fee for the current two-year period ending on his/ …

How do I get my real estate license active in NC?

The NC Real Estate Commission requires that you renew your license online at www.ncrec.gov. If you have a firm license, it too must be renewed by June 30 of each year. Also, all active brokers will need to renew your NC privilege license with the NC Department of Revenue.

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How long is real estate license valid in NC?

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.

What does an inactive license mean?

Inactive license means a license that has expired because it was not renewed by the end of the grace period. … Inactive license means any license that is not a current, active license. Inactive license may include licenses formerly known as delinquent, lapsed, or retired.

How much does it cost to renew your real estate license in NC?

You can renew your license online at the North Carolina Real Estate Commission website. The renewal fee is $45.

What does inactive mean in real estate?

Inactive real estate listings are frequently associated with an area’s real estate Multiple-Listing Service, or MLS. … Frequently, if you see a property listed as “inactive” in an MLS, that means it’s not for sale. However, inactive listings in real estate don’t mean those properties might not be up for sale again.

What does involuntary inactive mean in real estate?

Those who fail to meet this real estate continuing education requirement are ineligible to renew their licenses, and any license not renewed at the end of a license period is deemed involuntarily inactive.

What is an active real estate agent?

An active license means you work under a sponsoring broker. When you have an active real estate license, you can work as a real estate agent and perform real estate brokerage activities. If you do not have a sponsoring broker, you will be issued an inactive real estate license.

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How much do NC real estate agents make?

The average salary for a realtor is $84,404 per year in North Carolina.

Can I transfer my real estate license to North Carolina?

Yes, if you are a resident from another state, you may still apply for a North Carolina provisional broker license, as long as you hold a real estate license in your state of residency. However, the firm and principal broker where you hold your license will need to be licensed in North Carolina.

What is the pass rate for the NC real estate exam?

Commission Meeting of July 14, 2021

Individuals Tested for the First Time
Took prelicense course
June 2021 July 2020 through June 2021
# Tested 730 12120
% Pass both sections 35% 35%

Is the NC real estate exam hard?

How Hard is the North Carolina Real Estate Exam? The passing rate for the North Carolina Real Estate Provisional Broker Exam is 71%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.

How long is the real estate exam in NC?

How long is the licensing exam? The exam is 4 hours & includes 120 questions, of which 80 are National and 40 are State-based questions.

Can you get a real estate license in a state you don’t live in?

This is the most cut-and-dry of the three real estate license portability laws. Under Turf State Law, some states don’t allow anyone with an outside real estate license to do business in their market. There are currently six turf states in the U.S.: Kentucky, Missouri, Nebraska, New Jersey, Pennsylvania, and Utah.

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