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.