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 November 19, 2025
Pending Cases: The Commission entered into consent agreements to suspend 5 licenses, ordered hearings in cases involving 19 licensees, accepted the permanent voluntary surrender of 1 licensee, accepted the voluntary surrender of 2 licensees, and reprimanded 1 licensee.
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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 8; total approved: 2; approved with conditions: 4; continued: 1; deferred: 1.
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.
2026-27 Update Course: The Assistant Director of Education and Licensing presented possible topics for the 2026-2027 General and BIC Update Courses, anticipating that drafting can begin early in 2026 for a final course rollout by July 1, 2026. The Commission directed the Assistant Director of Education and Licensing to begin developing the 2026-2027 General and BIC Update Course topics, with the flexibility to add to the FAQs as issues arise in the coming months. The Assistant Director of Education and Licensing will bring a sample of the course FAQs to the December meeting.
Staff Update Course: The Assistant Director of Education and Licensing reported that 54 members of the Commission staff completed the Update course on either September 4, 2025, or October 21, 2025, that course being taught in-house.
Education Town Hall: The Assistant Director of Education and Licensing reported that the quarterly Education Town Hall was held on November 6, 2025. The Town Hall is an open forum for educators to discuss topics of interest and ask staff questions. There were 43 educators in attendance. In response to a question about how to attend future Town Halls, the Assistant Director of Education and Licensing indicated that the link is on the website under “Education” and that Commission members are welcome to attend. The next Town Hall is on February 26, 2026.
Training Room Update: The Director of Education and Licensing reported on the updates made to the Training Room through a video presentation. The Director of Education and Licensing commended the Chief Technology Officer and the Communications Officer on their work on the Training Room transition project and thanked the Commission for its support of the project.
Mr. Barfield commended the Director of Education and Licensing and the Commission staff for the Fair Housing Symposium held in Wilmington on October 30.
Periodic Review of Rules: The Compliance Manager presented the Commission with a report on the periodic (ten year) review of rules, including a brief roadmap of the required process. The Compliance Manager asked the members to review the Commission’s rules between now and the December Commission meeting to determine if any rule is no longer necessary. The Compliance Manager will bring the rules back to the December 17, 2025, for the Commission to vote on its initial determinations. The public comment period will run from December 29, 2025, to March 1, 2026. The Commission will vote on a final report at the March 18, 2026, meeting. RRC will review the report in June 2026.
Rulemaking: The Compliance Manager provided an update on rulemaking, noting each project status and timeline.
Email Policy: The Executive Director presented the Commission with a draft Commission Member Email Policy. After discussion, upon a motion from Mr. Barfield, the Commission accepted the Email Policy as presented. Ms. Sebti voted against the motion.
Other Business: Upon a motion from Mr. Black, the Commission moved the July 2026 Commission meeting to July 15-16, 2026.
Report on License Numbers: As of November 1, 2025, there are 121,880 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 82,372
Active Provisional Brokers – 4,496
Brokers-in-Charge – 17,438
BIC Eligible Brokers – 6,728
Inactive Full Brokers – 21,785
Inactive Provisional Brokers – 5,719
Firms – 17,471
Limited Nonresident Commercial Brokers – 252
Next Commission Meeting: The next Commission meeting will be held at 8:30 am, December 17, 2025, at the North Carolina Real Estate Commission in Raleigh, NC, and is open to the public. It can also be viewed via Zoom online video.
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 October 15, 2025
Pending Cases: The Commission entered into consent agreements to suspend 8 licenses, ordered 10 hearings in cases involving licensees, left 3 cases pending, accepted the permanent voluntary surrender of 4 licensees, accepted the voluntary surrender of 1 licensee, approved the issuance of 1 license, extended the timeline for 1 licensee, closed 1 case without action, reprimanded 3 licensees, and denied issuance of 2 licenses.
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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 12; total approved: 5; approved with conditions: 1; continued: 3; postponed: 2; deferred: 1.
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.
November Character Conference Panel: Mr. Aceto and Mr. Beaty will serve on the Commission’s Character Conference Panel, which will convene via Zoom teleconferencing on Monday, November 17, 2025, at 3:00 p.m.
CRC Background Checks: The Director of Education and Licensing reported that the Commission’s current provider of criminal background checks, CRC, is raising its fee by $2.50. The Director of Education and Licensing also noted that the Education staff is preparing an RFP for background checks, and the Director of Education and Licensing plans to bring the proposals to the Commission in December.
2026-27 Update Course: The Assistant Director of Education and Licensing presented possible topics for the 2026-2027 General and BIC Update Courses and suggested that topics be selected at the November or December meeting so that drafting can begin early in 2026 for rollout of a final course by July 1, 2026. The Assistant Director of Education and Licensing noted that staff have received the following suggested topics: Appraisal, Fake Sellers, Fair Housing, and Frequently Asked Questions. Staff requested member input on other topics that should be considered, and the Commission added to the list for consideration, AI, as well as information in the BICUP on how to assess a potential broker-associate’s background.
NCREEA Fall Conference: The Director of Education and Licensing reported that the North Carolina Real Estate Educators Association (NCREEA) met October 1-2, 2025, in South Boston, VA. The Director of Education and Licensing noted that there were over 100 instructors in attendance, including the Commission’s Education staff. The Director of Education and Licensing and the Assistant Director of Education and Licensing gave a presentation on BIC Span of Control. Former Commission member, Mr. George Bell, provided a presentation on the history of REEA and NCREEA. The Director of Regulatory Affairs presented on missteps by brokers that can result in disciplinary action.
Monthly Financial Report, Quarterly Investment, and Education & Recovery Fund Reports: The Commission received the monthly Financial Report, Quarterly Investment Report, and Education & Recovery Fund Report presented by the Chief Financial Officer for the period ending September 30, 2025.
NCREC Investment Policy: The Chief Financial Officer noted that staff and the Finance Committee periodically review the NCREC Investment Policy and presented an updated policy for the Commission’s review. The Finance Committee recommended removing the directive to invest target percentages of funds in MDIs, pooling and non-pooling institutions, in favor of investing to achieve the best interest rate while still providing for the necessary security and liquidity of the funds within the bounds of the law and the other terms of the Policy. Upon a motion from Mr. Alston on behalf of the Finance Committee, the Commission accepted the revised NCREC Investment Policy.
Independent Auditor’s Report: The Commission received and reviewed the FY2024-2025 Independent Auditor’s Report presented by Ms. Stanley. Ms. Stanley noted that the audit was clean, and Bernard Robinson & Company (BRC) has issued the highest opinion an auditor can give. Upon the motion of Mr. Alston, the Commission approved the audit.
Legislation: The Director of Regulatory Affairs reviewed the Legislative Report, which summarizes bills 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 reported that the recent passage of H926, now SL 2025-94, requires that occupational licensing boards, including the Commission, provide 30 days’ notice of its hearings rather than fifteen days’ notice as previously required, and that those boards, including the Commission, verify the social security number (SSN) of applicants for a license. The latter will require coordination with the federal Social Security Administration (SSA), and updates to the online application process. The staff are currently working to determine the legal authority to verify SSNs under federal law, and the mechanisms for doing so. Because of the federal government shutdown, information from the SSA is currently limited.
RPOADS: The Compliance Manager presented proposed changes to the Residential Property and Owners’ Association Disclosure (RPOADS). Mr. Aceto suggested that question B3 be changed to reference the number of rooms with baseboard heat, as opposed to bedrooms. Ms. O’Connor noted that this could result in many rooms having to be accounted for. The Commission approved the RPOADS to be published for public comment with changes to Section A – Structure/Floors/Walls/Ceiling/Window/Roof concerning fire damage to the dwelling; Section B – HVAC/Electrical to add the Year of system manufacturer in B4 and additional information to indicate the fuel source ‘Provider,’ ‘Leased/Owned,’ ‘Above/Below Ground,’ and ‘Year’; and Section H – Owners’ Association Disclosure to add Yes, No, and NR fillable circle for Question H1(c).
Annual Report to the State: The Executive Director provided the Commission with the Annual Report to the State, a report required by law that contains NCREC data and is supplied to various agencies in the State government.
Project Summaries: The Executive Director provided an overview of the NCREC Project Summaries. The Executive Director noted that the deliverables marked with a check have been completed.
Commission Member Email Policy: The Executive Director presented the Commission with a draft Commission Member Email Policy. Upon a motion from Mr. Alston, the Commission tabled discussion on the draft Policy until the November business meeting.
Report on License Numbers: As of October 1, 2025, there are 120,947 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 81,767
Active Provisional Brokers – 4,389
Brokers-in-Charge – 17,359
BIC Eligible Brokers – 6,701
Inactive Full Brokers – 21,582
Inactive Provisional Brokers – 5,549
Firms – 17,355
Limited Nonresident Commercial Brokers – 243
Next Commission Meeting: The next Commission meeting will be held at 8:30 am, November 19, 2025, at the North Carolina Real Estate Commission in Raleigh, NC, and is open to the public. It can also be viewed via Zoom online video.
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 17, 2025
Pending Cases: The Commission entered into consent agreements to suspend 9 licenses, ordered 26 hearings in cases involving licensees, accepted the permanent voluntary surrender of 2 licensees, approved the issuance of 1 license, extended the timeline for 1 licensee, closed 3 cases without action, closed and warned 1 case, and approved payment of $6,210 from the Real Estate Education and Recovery Fund.
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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 16; total approved: 4; approved with conditions: 6; continued: 4; deferred: 2.
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.
Pearson VUE Fee Increase: The Director of Education and Licensing reported that ARELLO has proposed a fee increase of $3.00 to a total of $5.00 for each administration of the licensing examination. After review and discussion, upon a motion from Ms. O’Connor, the Commission approved and directed the Executive Director to sign a contract addendum with Pearson VUE for the $3.00 increase effective January 1, 2026.
August Education Townhall: The Assistant Director of Education and Licensing reported that Commission staff held an Education Town Hall on August 19, 2025. There were 68 educators in attendance. New appraisal laws were discussed by Commission Member Black and Commission staff encouraged the educational community to subscribe to the Commission’s mailing list to receive notice of rule making changes, additions, or deletions. The Assistant Director of Education and Licensing also discussed the adverse impacts of late reporting of CE courses on real estate brokers.
Legislation: The Director of Regulatory Affairs reviewed the Legislative Report, which summarizes bills currently pending in the General Assembly that relate to real estate brokerage, occupational licensing, or other matters of interest to the Commission.
Rulemaking
The Compliance Manager presented proposed rulemaking recommendations and draft rule text. On the question of whether to proceed with publication of the proposed rule changes for public comment, the Commission made the following decisions:
| 21 NCAC 58A .0110 – Broker-in-Charge | Mr. Ramseur made a motion to table discussion on 58A .0110(a) which he later withdrew. Upon a motion from Mr. Ramseur, the Commission rejected the draft text for changes to 58A .0110(a) pending further study. Upon a motion from Mr. Ramseur, the Commission accepted the draft text changes for 58A .0110(b). Upon a motion from Mr. Black, the Commission accepted the draft text changes for 58A .0110(e). Upon a motion from Mr. Beaty, the Commission accepted the draft text as written in 58A .0110(g)(10). Mr. Ramseur voted against the motion. Upon a motion from Ms. Sebti, the Commission approved the draft text changes for 58A .0110(g)(8). Upon a motion from Mr. Black, the Commission voted to accept the draft text change for 58A .0110(j). |
| 21 NCAC 58A .0112 – Offers and Sales Contracts | Upon a motion from Mr. Ramsuer, the Commission voted to eliminate sections 8 and 9 from 58A .0112. Upon a motion from Ms. O’Connor, the Commission approved the draft text changes for 58A .0112(b). Mr. Ramseur was recused from the vote. |
| 21 NCAC 58A .0104 – Agency Agreements | Upon a motion from Ms. Sebti, the Commission voted to delete section 58A .0104 and replace it with section .0200. Ms. O’Connor voted against the motion. |
| 21 NCAC 58A .0302 – License Application and Fee | Upon a motion from Ms. Sebti, the Commission voted to accept the draft text change to 58A .0302 and suggested that staff seek an effective date of February 2026 or as soon thereafter as possible. |
| 21 NCAC 58A .0503 – License Renewal | Upon a motion from Mr. Ramseur, the Commission approved the draft text changes. |
| 21 NCAC 58A .0513 – License Cancellation | Upon a motion from Mr. Black, the Commission approved the draft text changes. |
| 21 NCAC 58A .1800 – Limited Nonresident Commercial License | Upon a motion from Ms. Sebti, the Commission approved the draft text changes and suggested that staff seek an effective date of February 2026 or as soon thereafter as possible as to the fee provisions. |
| 21 NCAC 58G .0103 – Definitions | Upon a motion from Mr. Black, the Commission approved the draft text changes. |
| 21 NCAC 58H .0101 – Definitions (Real Estate Education) 21 NCAC 58H .0210 – Limitation, Denial, Withdrawal, or Termination of Education Provider Certification 21 NCAC 58H .0303 – Limitation, Denial, or Withdrawal of Instructor Approval 21 NCAC 58H .0304 – Instructor Conduct and Performance | Upon a motion from Ms. O’Connor, the Commission approved the draft text changes for H .0101 and H 0210 and rejected the draft changes for H .0303 and H. .0304. |
| Residential Property and Owners’ Association Disclosure Statement (RPOADS) | Upon a motion from Ms. Sebti, the Commission approved the draft text changes in section A9 and A10. Upon a motion from Ms. O’Connor, the Commission approved the draft text changes of B4. Upon a motion from Ms. Sebti, the Commission adopted the addition of bubbles to section H1. Mr. Aceto asked staff to look into adding fuel provider information to the RPOADS. |
NC Supreme Court Opinion: The Director of Regulatory Affairs gave a brief report on the recent NC Supreme Court Opinion re License Applications and Character – DeValle v NC Sheriffs’ Ed & Training Comm’n.
Report on License Numbers: As of September 1, 2025, there are 119,955 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 76,785
Active Provisional Brokers – 4,277
Brokers-in-Charge – 17,233
BIC Eligible Brokers – 6,677
Inactive Full Brokers – 16,033
Inactive Provisional Brokers – 5,413
Firms – 17,212
Limited Nonresident Commercial Brokers – 235
Next Commission Meeting: The next Commission meeting will be held at 8:30 am, October 15, 2025, at the North Carolina Real Estate Commission in Raleigh, NC, and is open to the public. It can be viewed via Zoom online video.
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 August 13, 2025
Pending Cases: The Commission entered into consent agreements to suspend 7 licenses, ordered 7 hearings in cases involving licensees, left 2 cases pending, reprimanded 1 licensee, accepted the permanent voluntary surrender of 3 licensees, accepted the voluntary surrender of 1 licensee, approved the petition for reconsideration of 1 licensee, denied issuance of 1 license, and closed 1 case.
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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 14; total approved: 3; approved with conditions: 3; continued: 6; deferred: 2.
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.
Education Town Hall: The Assistant Director of Education and Licensing noted that the next Education Town Hall will be on August 19 at 3:00 p.m. The Assistant Director invited all the members to attend. The Town Hall is an open forum for educators to bring forth questions to staff.
Career Accelerator Participant: The Director of Education and Licensing provided a brief report on the Career Accelerator Program noting that the Consumer Resource Officer coordinated the program in partnership with the Wake County Public School System. High school students visited the Commission and discussed the process of becoming a real estate broker and also how the Commission oversees brokers to protect consumers. The Director of Education and Licensing commended the Consumer Resource Officer for receiving her Gold Standard designation from REEA at the recent national conference. The Executive Director commended the Director of Education and Licensing, who was awarded the Jack Wiedemer Distinguished Career Award at the National REEA Conference in recognition of his history of excellence throughout his career.
Legislation: The Director of Regulatory Affairs reviewed the Legislative Report, which summarizes bills currently pending in the General Assembly that relate to real estate brokerage, occupational licensing, or other matters of interest to the Commission.
Rulemaking: The Compliance Manager provided an update on rulemaking noting that recent legislation impacts the rulemaking process. The Commission’s proposed Rule 58A .0503 is affected by the new law, which includes stricter standards for the requirement of adding a fiscal note. Specifically, the Commission must analyze a rule change over a five-year period, and if the cost exceeds the one-million-dollar threshold a fiscal note is required. Because the fee increase proposed in Rule A .0503 will exceed that threshold, staff has withdrawn the proposed amendment and is working on a fiscal note for the Commission’s review at the September Commission meeting.
Ethics Commission SEI Evaluation Letter: The Executive Director read into the record of the Commission’s meeting the results of the evaluations of the Statement of Economic Interest of Commission member Jonathan Barfield, Jr., by the North Carolina State Ethics Commission; namely, that the Ethics Commission did not find an actual conflict of interest but did find the potential for a conflict of interest, and that the potential conflict does not prohibit his service on the Commission.
Strategic Planning RFP: The Executive Director presented an RFP for strategic planning. Upon a motion from Mr. Beaty, the Commission directed staff to discontinue the RFP for strategic planning and work in-house on succession planning for the Executive Director. The Executive Director indicated that she would provide the members with the current succession plan.
Character Conference Schedules: The Executive Director presented the draft 2025 Character Conference Panels.
Commission Member Email Addresses: The Executive Director reported that part of the ongoing projects is to give each member an NCREC email address. The Executive Director asked for feedback on the naming convention. After discussion, the members agreed that the address should be their first initial followed by their surname, e.g., BAceto@ncrec.gov. The Executive Director will provide the Commission with a draft email policy for consideration prior to implementation that will address these and other issues.
Report on License Numbers: As of August 1, 2025, there are 101,428 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 75,784
Active Provisional Brokers – 3,909
Brokers-in-Charge – 17,086
BIC Eligible Brokers – 6,635
Inactive Full Brokers – 16,299
Inactive Provisional Brokers – 5,436
Firms – 17,076
Limited Nonresident Commercial Brokers – 230
Next Commission Meeting: The next Commission meeting will be held at 8:30 am, September 17, 2025, at the North Carolina Real Estate Commission in Raleigh, NC, and is open to the public. It can be viewed via Zoom online video.
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 July 16, 2025
Pending Cases: The Commission entered into consent agreements to suspend 7 licenses, ordered 9 hearings in cases involving licensees, left 8 cases pending, authorized injunctive relief involving 1 licensee, reprimanded 5 licensees, accepted the permanent voluntary surrender of 4 licensees, accepted the voluntary surrender of 1 licensee, revoked 1 license, and closed 4 cases.
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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 12; total approved: 1; approved with conditions: 6; continued: 4; deferred: 1.
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.
Renewals: The Director of Education and Licensing provided a report on the 2025 Renewals, noting that following closeout on July 1, 2025, 88% of brokers and 91% of firms renewed their licenses, slightly below the previous year’s renewal percentages. A total of 2,439 licensees were marked inactive due to a CE deficiency, and 13,713 brokers, 1,654 firms, and 85 LNCLs expired due to failure to renew. The Director of Education and Licensing noted that in the last two weeks, License Services has reinstated 1,428 brokers, firms, and LNCLs. The Director of Education and Licensing commended IT and License Services on the refined, expedited renewal process. The Director of Education and Licensing reported that there were a variety of late reporting issues with certain education providers during this renewal season that are being referred to Regulatory Affairs. Only one instructor’s certification to teach Prelicensing was limited due to the “40% rule” (21 NCAC H .0210).
Year-End CE Student Survey: The Assistant Director of Education and Licensing provided a report on the year-end CE student survey noting that 4,847 surveys were returned over the course of the year. Overall, the reviews were extremely positive.
Update Instructor Seminars: The Assistant Director of Education and Licensing reported that there have been three Update Instructor Seminars offered by the Commission this fiscal year. So far, 174 instructors have attended the seminar, enabling them to teach the new Update course. There are five more sessions scheduled through the end of the license year. Feedback indicates that the educators are excited that the course content can be taught in the allotted time. The theme of this year’s Update is “How to be a Broker Superstar.” The Director of Education and Licensing shared with the members a video an instructor created using AI, commending the Commission’s education staff.
License Law & Commission Rules: The Assistant Director of Education and Licensing reported that the License Law and Commission Rules publication is being updated to include statutory and rule changes along with a revised, modernized “Comments” section; publication is planned for September 2025.
Monthly Financial Report, Quarterly Investment, and Education & Recovery Fund Report: The Commission received the monthly Financial Report, Quarterly Investment Report, and Education & Recovery Fund Report presented by the Chief Financial Officer for the period ending June 30, 2025. The Chief Financial Officer reviewed a new investments chart included in the Exhibit, which depicts the time, maturity dates, and rate of return for each of the Commission’s investments. This chart will be included in the Commission’s Consent Agenda going forward.
FY2025-2026 Projected Receipts and Disbursements: The Chief Financial Officer presented the FY2025-2025 Projected Receipts and Disbursements. Mr. Ramseur reported that the Finance Committee (Mr. Alston and Mr. Ramseur), along with Mr. Lindsey, had earlier reviewed the projections in detail. He indicated that it is a conservative budget and is endorsed by the Finance Committee. Upon the motion of Mr. Ramseur on behalf of the Finance Committee, the Commission accepted the Projected Receipts and Disbursements for the Fiscal Year Ending June 30, 2026, as presented.
Legislation: The Director of Regulatory Affairs reviewed the Legislative Report, which summarizes bills currently pending in the General Assembly that relate to real estate brokerage, occupational licensing, or other matters of interest to the Commission.
Potential Fee Increases: The Executive Director presented the Commission with an analysis of the Commission’s permitted fees, and the revenue increases that could be achieved by increasing application fees and course fees along with the renewal fee increase currently under consideration. Mr. Ramseur stated that the Finance Committee reviewed the report and recommends that the Commission pursue rulemaking to increase the additional fees listed, given the deficit that the Commission is facing. Upon a motion from Mr. Ramseur on behalf of the Finance Committee, the Commission approved initiation of rulemaking to consider increasing the application fee by $5.00 for individual brokers (original and refiles), firms, limited nonresident commercial licensees and reinstatements more than six months after license expiration. Upon a motion from Mr. Ramseur on behalf of the Finance Committee, the Commission also approved initiation of rulemaking to consider increasing the fees for the BIC Course from $110 to $150, the Trust Account Course from $45 to $50, and the Issues & Answers Course from $85 to $250. Upon a motion from Mr. Ramseur on behalf of the Finance Committee, the Commission also voted to increase the course fees for the Instructor Development Workshop (IDW) from $25 to 40, New Instructor Seminar from $85 to $200, Update Instructor Seminar from $0 to $100, and the Educators’ Conference from $50 to $100; Mr. Black and Ms. O’Connor were recused from the vote.
Various Real Estate and Business Law Changes: The Assistant Director of Regulatory Affairs reported that Senate Bill 690 (SL2025-52), Various Real Estate and Business Law Changes, was signed into law by Governor Stein on July 2, 2025, including a directive to the Commission to change its Rule A .0112 concerning commission provisions in standard form offers to purchase and contract. The Assistant Director of Regulatory Affairs noted that rulemaking is ongoing to make changes to the Commission’s current rule, but these changes do not fully meet the requirements of the new law. Consequently, the Assistant Director of Regulatory Affairs recommended that the Commission withdraw this rulemaking and ask staff to revise the language to be consistent with SL2025-52. Upon a motion from Mr. Aceto, the Commission withdrew its directive for the existing rulemaking concerning commission provisions in contracts and voted to commence rulemaking to align with the provisions outlined in SL2025-52. The Assistant Director of Regulatory Affairs stated that staff created a statement to inform brokers that the Commission will not enforce provisions of the current rule that are subject to change, providing that a broker acting as an agent in a real estate transaction may use a preprinted offer or sales contract form containing provisions concerning the payment of a commission or compensation, including the forfeiture of earnest money, to a broker or firm. Upon a motion from Mr. Alston, the Commission adopted the text to push out to brokers. Mr. Ramseur was recused from the discussion and both motions in this matter.
Possible Future Projects: The Executive Director presented a list of future projects to the Commission, noting that some of the projects are carry-over items from last year, as well as new projects for the current fiscal year and beyond. Mr. Black would like to include modernizing the illustrations in the Square Footage Guidelines for Project 10; the Executive Director concurred. The Executive Director noted that project 19, the modular licensing framework, requires a statutory change. Upon a motion from Mr. Ramseur, the Commission voted to adopt the project list as presented, with the postponement of project 19’s statutory changes regarding wholesaling, HOAs, and the modular licensing framework. Mr. Bell voted against the motion as to postponement of the statutory changes.
Appearances and Speeches: The Executive Director provided a report on recent speeches and reviewed the upcoming speeches and appearances by Commission members and staff. Mr. Lindsey commended the staff on engaging with licensees and being broad in their outreach.
Report on License Numbers: As of July 1, 2025, there are 113,077 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 77,990
Active Provisional Brokers – 3,781
Brokers-in-Charge – 16,684
BIC Eligible Brokers – 6,789
Inactive Full Brokers – 14,415
Inactive Provisional Brokers – 4,351
Firms – 16,119
Limited Nonresident Commercial Brokers – 202
Next Commission Meeting: The next Commission meeting will be held at 9:00am, August 13, 2025, at the North Carolina Real Estate Commission in Raleigh, NC and is open to the public. It can be viewed via Zoom online video.
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 June 18, 2025
Pending Cases: The Commission entered into consent agreements to suspend 4 licenses, ordered hearings in 9 cases involving licensees, left 1 case pending, authorized injunctive relief involving 1 licensee, and accepted the issuance of 1 license.
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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 11; total approved: 2; approved with conditions: 4; continued: 3; deferred: 2.
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.
Allan R. Dameron Legal Internship Award: The Commission presented the Allan R. Dameron Legal Internship Award to Elliott S. Madden – Campbell University School of Law, and Elizabeth R. Allred – Elon University School of Law.
Renewals: The Director of Education and Licensing reported that 94,250 licensees (74%) have renewed their licenses, and the renewal rate is on pace with prior years. Regarding CE, 75,763 brokers have completed the required courses; 5,326 licensees are CE deficient. The Director of Education and Licensing noted that the renewal process is well-organized and methodical, involving personnel in IT, License Services, Education (including publications), and Administration. This year AI instructions were incorporated in the renewal campaign. The Director of Education and Licensing reported that calls to License Services have been cut in half with the streamlining of the renewal process. Mr. Lindsey noted that there has been a rash of abuse toward Commission staff during the renewal process. The Commission will not tolerate this and reminds licensees that the staff should be treated with kindness and respect. He commended the staff for handling the challenges of the renewal process.
South Carolina CE Agreement: The Director of Education and Licensing reported that the South Carolina Real Estate Commission reached out seeking an updated agreement regarding CE reciprocity whereby North Carolina would exempt South Carolina brokers licensed in North Carolina from North Carolina CE if South Carolina exempts North Carolina brokers licensed in South Carolina from South Carolina CE. Upon a motion from Mr. Black, the Commission declined South Carolina’s request for a new CE reciprocity agreement.
Update Course Development: The Director of Education and Licensing provided a brief report on the Update course development, reporting that the 2025-2026 Update course is complete. The Director of Education and Licensing indicated that the first Update Instructor Seminar (UIS) was delivered eight hours after the 2025 CE deadline had passed. The Director of Education and Licensing noted that they received good feedback from the instructors who attended. Commission Chair Lindsey invited comments from the educators in attendance. Ms. Melea Lemon stated that the Update was lovely, and she believes that all the material can be covered in four hours. Mr. Bill Gallagher stated that the course is exciting and features “bells and whistles” along with great content.
Training Room Studio: The Director of Education and Licensing reported that he is working with the Chief Technology Officer to plan the retrofitting of the current Training Room into a recording studio. He noted that the Commission had previously approved a budget of $100,000 to update the training room. They have received two bids for the conversion, and staff plans to proceed with the lower bid.
License Exam Performance: The Director of Education and Licensing reported that the public now has access to real-time reporting and data concerning Education Provider pass rates on the Commission’s website. The Director of Education and Licensing commended the Chief Technology Officer and the Software Engineer on the creation of this function. The team will continue to work on real-time pass rate data for the instructors.
Financial Report: The Commission received and reviewed the monthly Financial Report presented by the Chief Financial Officer for the period ending May 31, 2025. Commission Chair Lindsey noted that the Finance Committee has met and is discussing the budget for FY2025-26.
Renewal Fee Increase: The Executive Director asked the Commission to consider rulemaking to increase the license renewal fee by $5.00. The Executive Director noted that based on the financials, this year the Commission’s expenditures may exceed its income, and while it has reserves to cover any shortfall this year and, in the future, it is time to consider revenue enhancement strategies. The Executive Director reminded the Commission that she brought this proposal to the Commission at the September meeting last year, and the Commission voted 7-2 not to pursue it. Commission member Ramseur noted that the Finance Committee is in support of the Executive Director’s request to consider the increase and wanted to hear what the rest of the Commission thought about it. After a brief discussion, upon a motion from Mr. Alston, the Commission decided to begin rulemaking to consider increasing the license renewal fee by $5.00.
LNCL Workgroup Meeting: The Executive Director reported that the Limited Non-Resident Commercial License (LNCL) Workgroup, comprised of Mr. Aceto, Mr. Bell, and Ms. Sebti, met with staff on May 20 to discuss the LNCL Rules (Subchapter 58A, Section 1800), BIC affiliation, CE requirements, and the LNCL fee structure. Upon a motion from Mr. Alston in conformance with the recommendations of the Workgroup, the Commission voted to initiate rulemaking to require LNCLs to be supervised by a BIC, take North Carolina CE, increase the licensing fee to $200, and change the LNCL name to something less wordy, such as limited commercial broker.
The Director of Education and Licensing reported that due to questions surrounding LNCLs, staff have taken the opportunity to have the summer intern contact all LNCLs to complete a questionnaire. The Director of Education and Licensing will provide a report on the outcome.
Rulemaking Update: The Compliance Manager provided a report on annual rulemaking, noting that all the rules from the Annual rulemaking have been approved by the Rules Review Commission and are effective July 1, 2025. The Compliance Manager also noted that an amendment to Rule 58A. 0112 concerning the inclusion of commission provisions in the offer to purchase will open for public comment on July 1, 2025, and will have a public hearing on Thursday, August 14, 2025.
The Director of Regulatory Affairs provided an in-depth report on the next steps for rulemaking to implement the Commission’s decisions concerning BIC Span of Control. The Director of Regulatory Affairs noted the staff will bring rulemaking language to the full Commission at the September meeting. Upon a motion from Mr. Aceto, the Commission voted to move forward with rulemaking on items 1-4, 6, and 7 in Exhibit 8.
2025-2026 Business and Related Insurance Proposals: The Chief Administrative Officer presented the Insurance Report, including options for carriers, coverage, and costs thereof for the Commission’s business. The Chief Administrative Officer noted that the Finance Committee (Mr. Ramsuer and Mr. Alston) had met to review the coverage in detail and recommended its approval without changes and have asked staff to look into an increase in coverage of Commission hardware. Upon the motion of Commission member Alston, the Commission voted to purchase or renew the insurance policies as more particularly described in the report.
Operational Analysis and Succession Planning Study: Upon the motion of Mr. Aceto, the Commission voted to meet in closed session pursuant to N.C.G.S. § 143-318.11(a)(5) with the Executive Director to consider the bid for the Operational Analysis and Succession Planning Study. Upon a motion from Mr. Aceto, the Commission came out of closed session. Mr. Lindsey announced that the Commission chose not to accept the bid for the Operational Analysis and Succession Planning Study at this time.
2025-2026 Projects: The Executive Director reminded the members that if they had any projects they would like to add to the draft 2025-26 Projects Summaries list for consideration, they should email the Executive Director their ideas, copying the Chair and Vice Chair.
Appearances and Speeches: The Executive Director provided a report on recent speeches and reviewed the upcoming speeches and appearances by Commission members and staff.
Election of Commission Officers for the period August 2025 to July 2026: Commission Vice Chair Bill Aceto was elected to serve as the Commission Chair for the year beginning August 1, 2025, and Commission member Skip Alston was elected to serve as the Commission Vice Chair.
NAR Legislative Meetings: Vice Chair Aceto and the Director of Regulatory Affairs gave a brief report on the NAR Legislative Meetings held in Washington, D.C. earlier in the month.
Report on License Numbers: As of June 1, 2025, there are 128,468 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 80,954
Active Provisional Brokers – 4,296
Brokers-in-Charge – 17,975
BIC Eligible Brokers – 6,888
Inactive Full Brokers – 17,576
Inactive Provisional Brokers – 7,592
Firms – 17,764
Limited Nonresident Commercial Brokers – 286
Next Commission Meeting: The next Commission meeting will be held at 9:00am, July 16, 2025, at Johnson C. Smith University, Innovation Center of STEM Hall Rm. 322, 100 Beatties Ford Road, Charlotte, NC, 28216 and is open to the public. It can be viewed via Zoom online video.
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 April 23, 2025
Mr. Lindsey called the business meeting to order at 9:06 a.m., Wednesday, April 23, 2025, welcoming guests, including others not listed and those observing via Zoom video conferencing. Mr. Lindsey welcomed Mayor Jeffrey Odham, NC Senator Bob Brinson, and Representative Steve Tyson, each of whom made brief welcoming remarks to the Commission members and attendees. Mr. Lindsey also introduced former Commission member Walt Craven, as well as Whitney Woodall and Brittany Blizzard from the Neuse River Region Association of REALTORS®. Mr. Black later introduced former Appraisal Board member and Chair Dana Outlaw.
Pending Cases: The Commission entered into consent agreements to suspend 8 licenses, ordered 8 hearings in cases involving licensees, closed 1 case without action against licensees, authorized injunctive relief involving 2 licensees, reprimanded 2 licensees, accepted the voluntary surrender of 2 licensees and accepted the permanent voluntary surrender of 2 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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 14 ; total approved: 4; total approved with conditions: 3; continued: 4; total deferred 3.
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.
Spring Educators Conference
The Director of Education and Licensing reported that the annual Spring Educators Conference was held on Thursday, March 27, 2025, at the McKimmon Center in Raleigh. Approximately 350 people attended, making it the largest education conference in the country. Mr. Elder reported savings of $18,251 out of the $25,000 budget. The Director of Education and Licensing commended the Logistics and Program Manager for the coordination of the event, the Communications Officer for her integration of AI in the content, and the Chair, Vice Chair, and staff on their presentations. Ms. O’Connor, Mr. Aceto, and Mr. Lindsey indicated that the conference was outstanding, and went well beyond what was anticipated. They commended the staff on the conference and the creativity that went into creating it.
License Exam Statistics: The Director of Education and Licensing gave an overview of the license exam statistics. He noted that since the changes in examination providers, the pass rates are more consistent. The Director of Education and Licensing noted that if an instructor or education provider does not have a 40% examination pass rate for two years, they are at risk of losing certification for a year. Currently, of the 248 education providers and 502 instructors, only one education provider and two instructors are at risk of losing their certifications. The Director of Education and Licensing also gave a brief presentation breaking down the attrition rates for prelicense courses depending upon the type of course (synchronous, distance/asynchronous, and in-person) and how this correlates with the examination pass rates and course completion rates. Mr. Lindsey noted that the data provides valuable insight and can guide the Commission on future education policy.
Real Estate Manual: The Assistant Director of Education and Licensing reported on the proposals received for the digital version on the Real Estate Manual in response to the Commission’s RFP, noting the pros and cons of the two bids received, and considering the possibility of bringing the project in-house. Upon a motion from Mr. Alston, the Commission directed staff to move forward with the internal development of an electronic Real Estate Manual in pdf form. The Assistant Director of Education and Licensing asked that the Real Estate Manual remain on the projects list for this additional work, including updates to the content of both the hard copy and the electronic version of the Real Estate Manual.
Renewal Season: The Director of Education and Licensing provided a brief overview of the upcoming renewal season noting that licenses must be renewed between May 15 and June 30, 2025. Staff have set a schedule for reminder notices to be emailed to licensees. The Communications Officer is working on AI videos to send to licensees on how to renew their licenses. The primary goal with AI and social media is to educate the licensees, ease their renewal process, and cut down on the number of phone calls staff receive. Currently, 80,890 brokers need at least one CE class and 30,000+ brokers need all eight hours of CE.
Monthly Financial Report, Quarterly Investment, and Education & Recovery Fund Report: The Commission received the monthly Financial Report, Quarterly Investment Report, and Education & Recovery Fund Report presented by the Chief Financial Executive for the period ending March 31, 2025. Mr. Lindsey reminded Commission members that funds from the Education & Recovery Fund can be used for education of consumers.
Appeals: The Assistant Director of Regulatory Affairs reported that the NC Office of the Attorney General filed a motion to dismiss the Shipman appeal. Following a hearing on April 21, 2025, in Transylvania Superior Court, the court dismissed Ms. Shipman’s appeal.
Legislative Agenda: The Executive Director 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.
Character and Fitness Review Guidelines: The Associate Legal Council provided a review of the Character and Fitness Review Guidelines. The Commission made no changes.
Project Summaries: The Executive Director, the Director of Education and Licensing, Chief Financial Executive, and Chief Technology Officer reviewed the 2024-2025 Project Summaries noting projects that have been completed or extended since the March Commission meeting. Mr. Lindsey would like the Commission members to think about data or information needed to make policy decisions for future projects.
Operational Study RFP: The Executive Director provided an overview of the status of the RFP for an operational study. She hopes to have proposals for the Commission to review at the June meeting.
Appearances and Speeches: The Executive Director provided a report on recent speeches and reviewed the upcoming speeches and appearances by Commission members and staff. Mr. Lindsey will ask Mr. Beaty to join the Assistant Director of Regulatory Affairs at the Winston Salem Association of REALTORS® Membership Meeting.
Emerging Trends: The Executive Director reported that there was a lot of great information presented at the 2025 ARELLO Mid-Year meeting Mr. Lindsey noted that several states are also dealing with wholesaling and new rules that need to be put in place to deal with the changing regulatory environment. He was pleased that he was able to discuss the impact of the inclusion of commission in sales contracts with representatives of other states. Ms. O’Connor is Vice Chair of the Fair Housing Committee and reported that they are working on an education piece to roll out next year.
Mr. Black noted that the residential appraisal world is getting ready for a dramatic change: the current URAR form will be replaced with a new process. The new form will be phased in this September.
Mr. Lindsey noted that Connie Corey from the Home Inspector Licensing Board was present for the meeting. The Commission is collaborating with the Home Inspector Licensing Board to discuss the impact of unlicensed home inspectors and related issues.
Report on License Numbers: As of April 1, 2025, there are 127,140 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 84,517
Active Provisional Brokers – 4,446
Brokers-in-Charge – 17,808
BIC Eligible Brokers – 6,784
Inactive Full Brokers – 24,673
Inactive Provisional Brokers – 7,156
Firms – 17,667
Limited Nonresident Commercial Brokers – 283
Next Commission Meeting: The next Commission meeting will be held at 9:00am, May 21, 2025, at the North Carolina Real Estate Commission in Raleigh, NC and is open to the public. It can be viewed via Zoom online video.
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 March 19, 2025
Pending Cases: The Commission entered into consent agreements to suspend 3 licenses, ordered hearings in cases involving 9 licensees, left 3 cases pending, closed cases without action against 2 licensees, and denied the issuance of 1 license.
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 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: 3; continued: 3; total deferred 3.
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.
Education Town Hall: The Assistant Director of Education and Licensing reported on the February 25, 2025, Educators Town Hall. She noted that this was an informal conversation with the educators addressing their questions. Discussion topics included course rooster submittal punctuality, item writing workshops, proposed rulemaking, and the Update course. Ms. O’Connor was present for the Town Hall and noted that she appreciates the opportunity for engagement with education providers.
Spring Educators Conference: The Director of Education and Licensing reminded the members that the Spring Educators Conference is on Thursday, March 27, 2025, at the McKimmon Center in Raliegh. He provided each Commission members with the conference program and reported that the 350-seat conference is sold out. He noted that it is the largest gathering of real estate instructors in the United States, exceeding REEA and ARELLO. Doors are open at 8:00 a.m. and the conference begins at 9:00 a.m. He commended the Education staff for the planning of the Educators Conference.
Financial Report: The Commission received and reviewed the monthly Financial Report presented by the Chief Financial Officer for the period ending February 28, 2025.
Appeals: The Assistant Director of Regulatory Affairs reported that the NC Office of the Attorney General has filed a motion to dismiss the Shipman appeal. A hearing is scheduled for April 21 at 10:00 a.m.
Rulemaking Text: The Compliance Manager presented the draft rulemaking text noting that the proposed rulemaking schedule is an effective date of July 1, 2025. The Compliance Manager noted the public engagement was high with 19 comments and a Public Rulemaking Hearing at the February Commission meeting. The Commission took the following actions pertaining to rulemaking:
| 21 NCAC 58A .0106 – Delivery of Instruments | Upon a motion from Ms. O’Connor, the Commission accepted the proposed rule text for publication. |
| 21 NCAC 58A .0302 – License Application and Fee | Upon a motion from Mr. Aceto, the Commission accepted the proposed rule text for publication. |
| 21 NCAC 58A .0502 – Firm Licensing | Upon a motion from Mr. Alston, the Commission accepted the proposed rule text for publication. |
| 21 NCAC 58A .1801 – .1810 – Limited Nonresident Commercial Licensing | Following discussion of concerns raised in connection with the comments about the proposed changes, and the possible benefits of keeping the limited non-resident commercial broker license, upon a motion from Mr. Bell, the Commission voted not to proceed with elimination of the rules at this time. Mr. Lindsey will appoint a workgroup of Commission members to recommend possible modifications of the rule. |
| 21 NCAC 58H .0204 – Policies and Procedures Disclosure | Upon a motion from Mr. Alston, the Commission accepted the proposed rule text for publication. |
| 21 NCAC 58H .0206 – Advertising and Recruitment Activities | Upon a motion from Mr. Ramseur, the Commission accepted the proposed rule text for publication. |
| 21 NCAC 58H .0209 – Renewal and Expiration of Education Provider Certification | Upon a motion from Mr. Alston, the Commission accepted the proposed rule text for publication. |
| 21 NCAC 58H .0302 – Application and Criteria for Instructor Approval | Upon a motion from Mr. Alston, the Commission accepted the proposed rule text for publication. |
| 21 NCAC 58H .0416 – Renewal and Expiration of Course Approval | Upon a motion from Mr. Aceto, the Commission accepted the proposed rule text for publication. |
BIC Span of Control: The Executive Director reviewed the BIC Span of Control Report outlining the recommendations of the Workgroup. Mr. Bell moved to accept all items but #3 in the Report. Upon a substitute motion from Mr. Alston, the Commission approved all items (#1-10) as set forth in the “Decisions column” on the BIC Span of Control spreadsheet contained within the Report. The Executive Director noted that she would include the action items in her June planning documents, namely the proposed project list.
Material Facts eBulletin Article: The Assistant Director of Regulatory Affairs reviewed the draft material facts article for the eBulletin. Mr. Ramseur suggested edits to paragraph four to more clearly explain that the buyer’s agent received a specific request for a quiet location from the buyer. Ms. O’Connor suggested clarification in paragraph 3 to disclose the property’s malfunctioning electrical system when that malfunction is readily apparent to a broker. Upon a motion from Mr. Aceto, the Commission approved the material facts article to be published in the eBulletin with the changes discussed. Mr. Bell voted against the motion. Mr. Lindsey made a motion to add to the article a statement to the effect that brokers cannot decline receipt of an inspection report to avoid having knowledge of material facts about property’s condition. The motion failed with Mr. Lindsey, Mr. Beaty, Mr. Bell, and Ms. O’Connor supporting the motion.
Operational/Planning Study: Mr. Lindsey presented the Commission with the draft Operational/Planning Study RFP, and noted that the Administration Committee (Mr. Aceto, Mr. Bell, Ms. O’Connor) met the prior week and reviewed and approved it for presentation to the full Commission. Upon a motion from Mr. Aceto, the Commission approved publishing the RFP for responses. Mr. Aceto commended the Executive Director on creating the RFP. Mr. Lindsey asked Commission members to let the Executive Director know of any companies that may be interested in bidding on the RFP. Mr. Ramseur does not believe that one company will be able to complete the entire RFP and suggests that if that is the case, then the RFP be broken down into smaller projects with separate bidding.
Appearances and Speeches: The Executive Director provided a report on recent speeches and reviewed the upcoming speeches and appearances by Commission members and staff.
Emerging Trends: Mr. Lindsey discussed the changing regulatory environment and directed Commission members to review the March 2025 ARELLO Boundaries newsletter.
Mr. Lindsey discussed the trend of bots acting as real estate agents.
The Executive Director noted that the US Department of Justice again weighed in on REALTORS® compensation arrangements.
Mr. Ramseur reported that the Director of Regulatory Affairs has been in talks with Certified to determine if the Commission can put the company’s services in place for brokers to verify consumers’ identity.
Report on License Numbers: As of March 1, 2025, there are 126,531 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 79,488
Active Provisional Brokers – 4,508
Brokers-in-Charge – 17,746
BIC Eligible Brokers – 6,711
Inactive Full Brokers – 17,571
Inactive Provisional Brokers – 7,059
Firms– 17,623
Limited Nonresident Commercial Brokers – 282
Next Commission Meeting: The next Commission meeting will be held at 9:00am, April 23, 2025, at the Doubletree by Hilton New Bern-Riverfront, Bradham Road, 100 Middle Street, New Bern, NC 28560, and is open to the public. It can be attended in-person or viewed via Zoom online video.
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 February 19, 2025
Pending Cases: The Commission entered into consent agreements to suspend 15 licenses, ordered 6 hearings in cases involving licensees, authorized injunctive relief involving 1 licensee, left 7 cases pending, and permanently revoked 1 license.
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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered:13; total approved: 4; total approved with conditions: 5; continued: 3; total deferred 1.
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.
Update Instructor Seminar: The Assistant Director of Education and Licensing provided a report on the Update Instructor Seminars (UIS) for the 2024-2025 license year to date and presented the 2025-2026 UIS proposed budget. Upon a motion from Mr. Aceto, the Commission approved the 2025-2026 UIS budget.
Closed Session: The Commission voted to meet in closed session pursuant to N.C.G.S § 143-318.11(a)(2) to select the recipient of the Larry A. Outlaw Excellence in Education Award. The recipient of the Award will be announced at the March 27, 2025, Spring Educators Conference.
Financial Report: The Commission received and reviewed the monthly Financial Report presented by the Chief Financial Officer for the period ending January 31, 2025.
FY2024-25 Income and Expense Projections: The Chief Financial Officer reviewed the adjusted FY2024-25 Income and Expense Projections, reflecting revised projections based on receipts and disbursements for the first half of the year.
Appeals: The Director of Regulatory Affairs reported that the NC Office of the Attorney General has filed a motion to dismiss the Shipman appeal. A hearing is scheduled in April.
BIC Span of Control: The Executive Director reviewed the BIC Span of Control report outlining the recommendations of the Workgroup and reminded the Commission that it had previously made decisions on Recommendations #1, 2, 3, 4, 5, 9, and 10 in the Report. After discussion and consideration, the Commission made decisions regarding Recommendations #6, 7, and 8 as shown in the following chart. The Commission will review its decisions as a whole at the March meeting.
| Education Required to Become a BIC [Task Force Recommendation #6] | Upon a motion from Ms. O’Connor, the Commission voted to increase the BIC Course from 12 to 30 hours. Upon a motion from Ms. O’Connor, the Commission voted to decrease the time to take the Course after designation from 120 days to 60 days. Mr. Lindsey, Mr. Bell, and Mr. Black voted against the motion. Mr. Bell made a motion to include an end-of-course test as a requirement to become a BIC. The motion failed with Mr. Aceto, Mr. Alston, Mr. Beaty, Ms. O’Connor, and Mr. Ramseur voting against the motion. |
| Continuing Education for a BIC [Task Force Recommendation #7] | After discussion of the merits of increasing or changing the CE requirements for BICs, Mr. Alston moved not to make a change to the existing requirements. Following discussion of negative motions and whether a motion is needed to make no change, Mr. Alston withdrew the motion, and no further motions were made. |
| Existence of BIC Eligibility [Task Force Recommendation #8] | Upon a motion by Ms. O’Connor the Commission voted to maintain the BIC eligibility status. Mr. Ramseur voted against the motion. Upon a motion from Ms. O’Connor, the Commission voted to draft rules to require that to maintain BIC eligibility status, the BIC-eligible broker must take the BIC eligibility course every five years unless they have been designated BIC for at least one year out of the five, with the proviso that at the end of their service as a BIC, the five year period would begin anew. Mr. Aceto, Mr. Alston, Mr. Beaty, and Mr. Ramseur voted against the motion. |
Evaluation of Statement of Economic Interest: The Executive Director gave a brief overview of the Statement of Economic Interest for Commission Members. The Executive Director then read into the record of the Commission’s meeting the results of the Evaluation of the Statement of Economic Interest of Commission member Beaty by the North Carolina State Ethics Commission; namely, that the Ethics Commission did not find an actual conflict of interest or the likelihood of a conflict of interest. The Executive Director concluded that these Statements will be kept on file as required by law.
Operational/Planning Study: Mr. Lindsey reported that he and the Administration Committee, (Mr. Aceto, Mr. Bell, and Ms. O’Connor), would like to direct staff to solicit an RFP for an outside consultant to perform an operational/planning study. Mr. Ramseur suggested soliciting the proposal piecemeal if looking for experts in different areas. Mr. Black concurred with the proposal but suggested that the time period for review by the Administration Committee and the Commission be shortened such the Commission could review the RFP on March 5. The Executive Director requested that staff have the RFP ready for the March 19 meeting with the Administration Committee meeting prior thereto. The Commission concurred with that proposal.
Report on License Numbers: As of February 1, 2025, there are 125,944 brokers and firms licensed by the Commission, as follows:
Active Full Brokers –78,506
Active Provisional Brokers –4,945
Brokers-in-Charge –17,671
BIC Eligible Brokers –6,675
Inactive Full Brokers –17,616
Inactive Provisional Brokers –7,109
Firms–17,488
Limited Nonresident Commercial Brokers -280
Next Commission Meeting: The next Commission meeting will be held at 9:00am, March 19, 2025, at the North Carolina Real Estate Commission in Raleigh, NC and is open to the public. It can be viewed via Zoom online video.
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 January 15, 2025
Pending Cases: The Commission entered into consent agreements to suspend 5 licenses, accepted the permanent voluntary surrender of 1 license, accepted the voluntary surrender of 1 license, ordered hearings in cases involving 17 licensees, authorized injunctive relief involving 1 licensee, extended the time to satisfy conditions for 1 licensee, and closed 3 cases.
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 based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 13; total approved: 5; total approved with conditions: 3; continued: 4; postponed 1; total deferred 0.
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.
Spring Educators Conference: The Director of Education and Licensing reported that the Spring Educators Conference will be held on March 27, 2025, at the McKimmon Center in Raleigh. The theme is “Raleighwood – How to be an Education Star.” The Director of Education and Licensing reviewed the conference schedule and noted that most of the presentations are limited to thirty minutes. Registration for the conference opened last week, and 100 seats have already been sold. The Director of Education and Licensing invited all Commission members to the conference. Mr. Lindsey, Mr. Aceto, Mr. Alston, Mr. Bell, Mr. Black, and Ms. O’Connor indicated that they would attend the conference. The Assistant Director of Education and Licensing stated that black tie and business attire are requested for the event.
2025 Education Town Halls: The Assistant Director of Education and Licensing reported that the quarterly 2025 Education Town Halls are scheduled for February 25, 2025, May 13, 2025, August 19, 2025, and November 6, 2025, from 3:00 – 4:30 p.m. She invited the Commission members to attend any and/or all the meetings.
DREI Summit: The Director of Education and Licensing noted that last week was the DREI Summit in Stone Mountain, Georgia. The Director of Education and Licensing commended the Education and Examination Officer for her work in planning the Summit. He also commended the Education and Examination Officer and the Assistant Director of Education and Licensing for their high-quality presentations at the conference. In addition, he noted that he was elected to a three-year term on the DREI Leadership Council.
Monthly Financial Report, Quarterly Investment, and Education & Recovery Fund Report: The Commission received the monthly Financial Report, Quarterly Investment Report, and Education & Recovery Fund Report presented by the Chief Financial Officer for the period ending December 31, 2024.
FY2024-25 Income and Expense Projections: The Executive Director reported that the Finance Committee is meeting Wednesday, January 22, 2025, to review the FY2024-25 Income and Expense Projections. The projections will be presented to the full Commission at the February meeting.
Appeals: The Assistant Director of Regulatory Affairs reported that a motion for dismissal of the Shipman appeal has been filed by the NC Office of the Attorney General and that a hearing is yet to be scheduled on the motion.
BIC Span of Control: The Executive Director reviewed the BIC Span of Control report outlining the recommendations of the Workgroup and reminded the Commission that it had previously made decisions on Recommendations 1, 5, 9, & 10 in the Report. Following a discussion and consideration, the Commission made decisions on the following recommendations in the Report and deferred the discussion of Recommendations 6, 7, and 8 to a future meeting.
| Number of Offices & Requirement of Physical Space [Task Force Recommendation #2] | Upon a motion from Mr. Aceto, the Commission directed staff to draft a rule that allows one BIC the ability to manage multiple offices in the same geographic area and to craft language to define an office. Mr. Bell voted against the motion. Upon a motion from Mr. Black, the Commission agreed to explore allowing flexibility to have multiple BICs at the same physical location. Mr. Alston and Ms. O’Connor voted against the motion. Mr. Ramseur was not present for the vote. |
| Limitations on the Number of Brokers Supervised [Task Force Recommendation #3] | The Commission determined not to impose a limit at this time on the number of brokers one BIC can supervise. |
| Lenth of Time Requirement to be a BIC [Task Force Recommendation #4] | Upon a motion by Mr. Alston, the Commission determined to keep the experience requirement for brokers in charge, and directed staff to explore a statutory change of the time frame to become a BIC from two years to three years in NCGS § 93A-4.2, and propose a tracking process to quantify experience and eliminate the 40-hour-a-week requirement. |
Rule A .0112(b) Request: The Executive Director reminded the Commission that the NC REALTORS® made a request that the Commission eliminate the prohibition against including commission provisions in the offer to purchase from Rule a .0112(b). Mr. Ramseur cautioned the other members from acting on this request without getting input from the US Department of Justice. Upon a motion from Mr. Aceto, the Commission directed the Regulatory Affairs Committee to further investigate this matter and make a recommendation. Mr. Lindsey asked members to share any input on the subject with the members of the Regulatory Affairs committee (Mr. Black, Mr. Ramseur, and Ms. Sebti).
Interim Annual Report: At the request of Mr. Lindsey, the Executive Director reviewed with the Commission an interim update of the data included in the annual report to the State.
Project Summaries: The Executive Director reviewed the 2024-2025 Project Summaries noting projects that have been completed or extended since the December Commission meeting. She noted that the report now includes an additional column outlining the progress made on each project. Mr. Lindsey commended the Executive Director and the IT, RA, and E&L staff on all the work done in completing the projects and directed Commission members to reach out to the Executive Director with any questions they have about the projects.
Appearances and Speeches: The Executive Director provided a report on recent speeches and reviewed the upcoming speeches and appearances. Ms. O’Connor noted that she and Deputy Legal Counsel will present at Greensboro Allen Tate office on February 4. The Executive Director noted that Mr. Lindsey, Mr. Aceto, and herself will appear at the NC REALTORS® Leadership Meetings for a listening session on January 30 at 1:30 p.m.
Report on License Numbers: As of January 1, 2025, there are 125,311 brokers and firms licensed by the Commission, as follows:
Active Full Brokers – 78,506
Active Provisional Brokers – 4,719
Brokers-in-Charge – 17,615
BIC Eligible Brokers –6,600
Inactive Full Brokers – 17,573
Inactive Provisional Brokers – 6,840
Firms– 17,400
Limited Nonresident Commercial Brokers – 273
Next Commission Meeting: The next Commission meeting will be held at 9:00am, February 19, 2025, at High Point University, Congdon School of Health Sciences Building, Anne Kerr Ballroom, One N University Parkway, High Point, NC 27260, and is open to the public. It can be attended in-person or viewed via Zoom online video.