Page 720 |
Previous | 720 of 2038 | Next |
|
small (250x250 max)
medium (500x500 max)
large ( > 500x500)
Full Resolution
All (PDF)
|
This page
All
Subset |
Ch. 743-744 1957
—
Session Laws
Sec. 4. All laws and clauses of laws in conflict with the provisions of
this Act are hereby repealed.
Sec. 5. This Aet shall be in full force and effect from and after its
ratification.
In the General Assembly read three times and ratified, this the 21st
day of May, 1957.
S. B. 277 CHAPTER 744
AN ACT TO DEFINE, REGULATE AND LICENSE REAL ESTATE
BROKERS AND REAL ESTATE SALESMEN IN NORTH CAROLINA
AND TO CREATE THE NORTH CAROLINA REAL ESTATE
LICENSING BOARD AND DEFINE ITS POWERS AND DUTIES,
AND TO PROVIDE PENALTIES FOR THE VIOLATION OF THE
PROVISIONS OF THE ACT.
The General Assembly of North Carolina do enact:
Section 1. License Required of Real Estate Brokers and Real Estate
Salesmen. That from and after July 1, 1957, it shall be unlawful for any
person, partnership, association or corporation in this State to act as a
real estate broker or real estate salesman, or directly or indirectly to
engage or assume to engage in the business of real estate broker or real
estate salesman without first obtaining a license issued by the North
Carolina Real Estate Licensing Board (hereinafter referred to as the
Board), under the provisions of this Act.
Sec. 2. Definitions and Exceptions, (a) That a real estate broker
within the meaning of this Act is any person, partnership, association, or
corporation, who for a compensation or valuable consideration or promise
thereof sells or offers to sell, buys or offers to buy, auctions or offers to
auction, (specifically not including a mere crier of sales) or negotiates
the purchase or sale or exchange of real estate, or who leases or offers
to lease, or who sells or offers to sell leases of whatever character, or rents
or offer* to rent any real estate or the improvement thereon, for others, as
a whole or partial vocation.
(b) The term real estate salesman within the meaning of this Act
shall mean and include any person who, for a compensation or valuable
consideration is associated with or engaged by or on behalf of a licensed
real estate broker to do, perform or deal in any act, acts or transactions
set out or comprehended by the foregoing definition of real estate broker.
(c) The provisions of this Act shall not apply to and shall not include
any person, partnership, association or corporation, who, as owner or lessor,
shall perform any of the acts aforesaid with reference to property owned
or leased by them, where such acts are performed in the regular course
of or as an incident to the management of such property and the invest-ment
therein; nor shall the provisions of this Act apply to persons acting
as attorney-in-fact under a duly executed power of attorney from the
owner authorizing the final consummation of performance of any con-tract
for the sale, lease or exchange of real estate, nor shall this Act be
664
Object Description
Description
Tags
Comments
Post a Comment for Page 720
