Commission Meeting of June 16, 2021

Pending Cases: The Commission entered into consent agreements to suspend 3 licenses,
closed its case without action against 1 licensee, reprimanded 5 licensees, left 1 case
pending, voted to extend to a later date cases involving 2 licenses, and ordered hearings
in cases involving 7 licensees.

License Applications Involving Character Issues: License applicants who have
character issues such as prior criminal convictions or disciplinary action 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
Total candidates considered: 19; total approved: 14.

License Examination Results: A summary of key data relating to persons taking the
exam for the first time is provided below:

Individuals Tested for the First Time

Took prelicense course

Hold license from another state

May 2021

June 2020 through May 2021

May 2021

June 2020 through May 2021

# Tested





% Pass both sections





% Pass National section





% Pass State section





Legislative Report: The Commission reviewed the Legislative Report noting 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. Staff reported that
the Timeshare Bill passed the House unanimously and is going to the Senate.

Request for Funding for NCCU MBA Real Estate Program: The Commission voted
to meet in closed session to receive legal advice about the possibility of making a
donation to the proposed NCCU MBA Program’s concentration in real estate. After
returning, the Commission voted to pursue alternative ways to support NCCU’s real
estate concentration that could be expanded to other educational institutions.

Progress of Renewals: Staff reported that as of June 16, 20201, 78% of licensees
(94,884) had renewed their licenses, as compared to 69% at the same time last year.
Second reminder notices have been sent to all brokers by email and mail who had not
renewed in early June. Less than half of the Education Providers have renewed and less than one third of the instructors have renewed. Staff will be sending out renewal reminder emails to the Education Providers and instructors in the next few days.

Applications and Refiling Fees Report: The Commission reviewed the Report on Broker Applications and License Examination Performance during 2020-21. Staff reported that while it is too early to determine the impact of the resumption of end-of-course examinations on passing rates, they would share additional data with the Commission in October.

Update Course Development: Staff reported that the 2021-22 General Update course is in the last stages of preparation, and pursuant to the decisions of the Commission last winter, will consist of 5 sections, including the new Working With Real Estate Agents disclosure form and the companion Q&A brochure, Racial Equity, Broker Fiduciary Duties, Law and Rule Updates, and Licensing and Education. The 2021-22 BICUP course will include one additional section on BIC best practices. The first Update Instructor Seminar is scheduled for Tuesday, June 22, 2021, and there will be three more sessions in June, two in July, and four more before the end of the calendar year.

Report on License Numbers: As of June 1, 2020, there are 123,175 brokers and firms licensed by the Commission, as follows:

  • Active Brokers 81,450
  • Active Provisional Brokers 5,057
  • Brokers-in-Charge 17,796
  • BIC-Eligible Brokers 5,038
  • Inactive Brokers 25,995
  • Inactive Provisional Brokers 7,687
  • Firms 15,426
  • Limited Nonresident Commercial Brokers 304

Next Commission Meeting: The next Commission meeting will be held at 9:00 a.m., Wednesday, July 14, 2021, via Zoom online video.