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CHAPTER 81 Session Laws—1983
H. B. 248 CHAPTER 81
AN ACT TO AMEND THE REGULATORY AUTHORITY OF THE REAL
ESTATE LICENSING BOARD AND TO CHANGE THE NAME OF THE
BOARD TO THE REAL ESTATE COMMISSION.
The General Assembly ofNorth Carolina enacts:
Section 1. G.S. 93A-1, 93A-3(a), 93A-3(c), 93A-16(a), 93A-32, 93A-34(b),
93A-35(b), 114-4.2C and all other statutes in which the words "Real Estate
Licensing Board" appear are amended by deleting the words "Real Estate
Licensing Board" each time they appear and substituting "Real Estate
Commission".
Sec. 2. G.S. 93A-1, 93A-3(a), 93A-3(b), 93A-3(c), 93A-3(d), 93A-3(e),
93A-3(i), 93A-4(a), 93A-4(b), 93A-4(c), 93A-4(d), 93A-4(e), 93A-5(a), 93A-5(b),
93A-5(c), 93A-7, 93A-9, 93A-16(b), 93A-16(c), 93A-17(a), 93A-19(a), 93A-20,
93A-21(b), 93A-22, 93A-23, 93A-26, 93A-32, 93A-33, 93A-34(a), 93A-34(b),
93A-34(c), 93A-35(b), 93A-35(c), 93A-36(a), 93A-36(b), 93A-38 and all other
statutes in which the word "Board" is used in reference to the North Carolina
Real Estate Licensing Board are amended by deleting the word "Board" each
time it appears and substituting "Commission".
Sec. 3. G.S. 93A-10 is amended by deleting the word "commission" each
time it appears and substituting "Commission".
Sec. 4. G.S. 93A-2(a) is amended by deleting the last sentence of that
subsection.
Sec. 5. G.S. 93A-2(c) is rewritten to read:
"(c) The provisions of this Chapter shall not apply to and shall not include:
(1) 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 the acts are performed in the regular
course of or as incident to the management of that property and the
investment therein;
(2) Any person acting as an attorney-in-fact under a duly executed power of
attorney from the owner authorizing the final consummation of
performance of any contract for the sale, lease or exchange of real estate;
(3) The acts or services of an attorney at law;
(4) Any person, while acting as a receiver, trustee in bankruptcy, guardian,
administrator or executor or any person acting under order of any court;
(5) Any person, while acting as a trustee under a trust agreement, deed of
trust or will, or his regular salaried employees;
(6) Any salaried person employed by a licensed real estate broker, for and
on behalf of the owner of any real estate or the improvements thereon,
which the licensed broker has contracted to manage for the owner, if
the salaried employee is limited in his employment to: exhibiting
residential units on the real estate to prospective tenants; providing the
prospective tenants with information about the lease of the residential
units; accepting applications for lease of the residential units;
completing and executing preprinted form leases; and accepting security
deposits and rental payments for the residential units only when the
deposits and rental payments are made payable to the owner or the
broker employed by the owner. The salaried employee shall not
negotiate the amount of security deposits or rental payments and shall
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