Commission Meeting News
Key reports, issues, and decisions of interest to licensees and/or the public are reported here from the most recent Commission meeting:
Commission Meeting of September 13, 2023
Pending Cases: The Commission entered into consent agreements to suspend 11 licenses, accepted the permanent voluntary surrender of 3 licensees, closed cases without action against 9 licensees, left cases pending involving 3 licensees, approved 1 license application following a hearing, granted approval to seek injunctive relief if needed against 5 individuals, and ordered hearings in cases involving 22 licensees.
License Applications Involving Character Issues: License applicants who have character issues such as prior criminal convictions or disciplinary actions by another licensing board are separately considered by the Commission. Decisions are made based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 12, total approved: 3, total approved with conditions: 5, continued: 0, and deferred: 4.
License Examination Results: If you are interested in reviewing the most recent statistics and pass rates regarding the North Carolina broker license examination, click here: License Examination Results
ARELLO Awards: The Executive Director reported that the Commission is receiving three awards at the 2023 ARELLO Annual Meeting later in September. The Commission received an education award for the Wire Fraud Seminars, a second education award for the Instructor Training and Development provided at the 2023 Spring Educator’s Conference, and a communication award for Website Innovation & Design for the implementation of the LADS database system for instructors and education providers. The Executive Director commended staff on the work that went into each of the programs, including Ms. Thoren, Mr. Elder, and Joshua Oglesbee.
Legislative Report: The Director of Regulatory Affairs reviewed the Legislative Report, summarizing bills that are currently pending in the General Assembly that relate to real estate brokerage, occupational licensing, or other matters of interest to the Commission. The Director of Regulatory Affairs noted that H422, Unfair Real Estate Agreements Act, passed and was signed by the Governor. The Attorney General’s office sought and obtained a temporary restraining order against the company involved.
Residential Property and Owners’ Association Disclosure Statement: Staff provided an overview of the rulemaking process relating to the Residential Property and Owners’ Association Disclosure Statement and presented staff recommendations for consideration of revisions to the instructions and certain questions. The Commission discussed whether to add “NA” as an option to the RPOADS. Mr. Malarney noted there was a qualifier in question F5 which should be struck from the form and the word “current” should be included in question F9. Mr. Malarney commended Staff for their work on the statement. Ms. O’Connor indicated that she liked the reformatting and approach of the disclosure form.
Consumer Resources and Projects Report: The Director of Education & Licensing and Consumer Resource Officer provided a report on the current consumer outreach and education projects while noting that consumer resources have been created for the Timeshare Act. The Consumer Resource Officer also provided an update on the status of the consumer outreach projects. Mr. Lindsey commended Staff on their work with consumer outreach. Mr. Black commended Staff for the improvement in the Commission’s social media presence since last year. Mr. Bullard suggested inviting high school students to the Commission meetings as part of the high school real estate career outreach project.
2023 License Law and Commission Rules: The Communication Officer distributed the newly published 2023 License Law and Commission Rules booklets to the Commission members, which were updated by the Communications Officer, Legal Education Officer and Compliance Manager.
Report on License Numbers: As of September 1, 2023, there are 122,629 brokers and firms licensed by the Commission, as follows:
Active Brokers 82,412
Active Provisional Brokers 5,186
Brokers-in-Charge 17,715
BIC Eligible Brokers 6,013
Inactive Brokers 23,345
Inactive Provisional Brokers 6,411
Firms 16,641
Limited Nonresident Commercial Brokers 231
Next Commission Meeting: The next Commission meeting will be held at 9:00 a.m., Wednesday, October 11, 2023, at the Kimpton Arras in Winston-Salem and is open to the public. It also can be viewed via Zoom online video.
NCRealtors® Leadership Academy attended August Commission meeting
Each year the North Carolina Real Estate Commission welcomes the members of the NCRealtors® Leadership Academy to attend a Commission meeting and receive an explanation of the process as they observe the course of business. As these possible future leaders in the real estate industry become acquainted with the regulatory side of the business, it is our hope that this educational experience will add understanding and depth to their practice, and that they will share what they learn with others.
Do you know about the recovery fund?
Consumers whose funds have been converted by a licensed NC broker may be able to qualify for some financial relief through the NCREC Education and Recovery Fund. View this video and the following Commission Rules for more details:
For more information on the process for qualifying and applying for a payment from the recovery fund, and the Fund limits, view Article 2 of the Real Estate License Law.
You are invited!
The monthly Real Estate Commission meetings are always open to the public, and you are invited to attend in person or online via Zoom. The meeting this month is September 13th here at the Commission building. A Zoom link will be available at ncrec.gov on the day of the meeting.