North Carolina real estate license law : codified as chapter 93A of the General Statutes of North Carolina

NORTH CAROLINA REAL ESTATE LICENSE LAW Codified as Chapter 93A of the General Statutes of North Carolina Article 1. Real Estate Brokers. Section 93A-1 License required of real estate brokers. 9 ЗА- 2 Definitions and exceptions. 93A-3 Commission created; compensation; organi¬ zation. 9 ЗА- 4 Applications for licenses; fees; qualificaions; examinations; privilege licenses; renewal or reinstatement of license; power to enforce provisions. 93A-4. 1 Continuing education. 93A-4.2 Broker-in-charge qualification. 93A-4.3 Elimination of salesperson license; conver¬ sion of salesperson license to broker licenses. 9 ЗА- 5 Register of applicants and roster of brokers. 9 ЗА- 6 Disciplinary action by Commission. 93А-6. 1 Commission may subpoena witnesses, re¬ cords, documents, or other materials. 93А-7 Power of courts to revoke. 9 ЗА- 8 Penalty for violation of Chapter. 9 ЗА- 9 Licensing foreign brokers. 93А-10 Nonresident licensees; filing of consent as to service of process and pleadings. 93А-11 Reimbursement by real estate independent contractor of brokers’ workers’ compensation. 93А-12 Disputed monies. 93А-13 Contracts for broker services. 9 ЗА- 14 to 93А-15 [Reserved.] Article 2. Real Estate Education and Recovery Fund. Section 9 ЗА- 16 Real Estate Education and Recovery Fund created; payment to fund; management. 93A-17 Grounds for payment; notice and application to Commission. 93A-18 Hearing; required showing. 93A-19 Response and defense by Commission and judgment debtor; proof of conversion. 9 ЗА- 20 Order directing payment out of Rind; com¬ promise of claims. 93A-21 Limitations; pro rata distribution; attorney fees. 9 ЗА- 22 Repayment to fund; automatic suspension of license. 9 ЗА- 23 Subrogation of rights. 93A-24 Waiver of rights. 93A-25 Persons ineligible to recover from fund. 93A-26 Disciplinary action against licensee. 93A-27 to 93A-31 Section [Reserved] Article 3. Private Real Estate Schools. 93A-32 Definitions. 93A-33 Commission to administer Article; authority of Commission to conduct investigations, issue licenses, and promulgate regulations. 93A-34 License required; application for license; fees; requirements for issuance of license. 93A-35 Duration and renewal of licenses; transfer of school ownership. 93A-36 Execution of bond required; applicability to branch schools; actions upon bond. 93A-37 Contracts with unlicensed schools and evi¬ dences of indebtedness made null and void. 93A-38 Section Suspension, revocation or denial of license. Article 4. Time Shares. 93A-39 Title. 93A-40 Registration required of time share projects; real estate license required. 93A-41 Definitions. 93A-42 Time shares deemed real estate. 93A-43 Partition. 93A-44 Public offering statement. 93A-45 Purchaser’s right to cancel; escrow; violation. 93A-46 Prizes. 93A-47 Time shares proxies. 93A-48 Exchange programs. 93A-49 Service of process on exchange company. 93 A- 50 Securities laws apply. 93A-51 Rule-making authority. 93A-52 Application for registration of time share project; denial of registration; renewal; reinstatement; and termination of developer’s interest. 93A-53 Register of applicants; roster of registrants; registered projects; financial report to Secre¬ tary of State. 93A-54 Disciplinary action by Commission. Please note: Certain “gender neutral” terms used in the Real Estate License Law as reprinted in this booklet are subject to final revision by the Revisor of Statutes. North Carolina Real Estate License Law 1