Frequently Asked Questions

FAQ

How much does it cost to renew your real estate license in NC?

$45 How much does it cost to renew real estate license in North Carolina? The fee for renewal is $45 and is required on an annual basis. This fee is due prior to the expiration of your current license on June 30 of each year.

How long does it take to get real estate license in NC?

Four months It typically takes people four months to get their North Carolina real estate license. The most time-consuming part of the process is completing your 75-hour prelicensing course. After your course, the process to apply and receive your real estate license takes as little as 10 days.

How hard is the NC real estate exam?

The requirements for obtaining a North Carolina real estate license are some of the most challenging in the country. You want to make the most of what you learn in your coursework so you can pass your exam. Taking any test can be stressful, especially one that impacts your career.

What states accept NC real estate license?

States that Have Reciprocity with North Carolina

• Arkansas.
• Connecticut.
• Georgia.
• Iowa.
• Louisiana.
• Mississippi.
• Nebraska.
• South Carolina.

What can you do with a NC real estate license?

Career Paths for Anyone with a North Carolina Real Estate License

• Real Estate Sales Agent/Broker. This is the classic real estate license career path.
• Real Estate Broker-in-Charge.
• Commercial Real Estate Sales Agent.
• Leasing Agent.
• Property Manager.
• Real Estate Investor.
• Foreclosure Specialist.

Can I use my NC real estate license in Texas?

Answer: No. Texas does not have reciprocity with any state. To become licensed, you must satisfy all current Texas licensing requirements.

Can a NC realtor sell in SC?

You must be licensed in South Carolina to list, show or sell property in South Carolina, and vice versa; you must be licensed in North Carolina to list, show or sell property in North Carolina.

Can I use my NC real estate license in SC?

South Carolina offers license reciprocity for North Carolina, Georgia, and West Virginia. That said, whether or not your license will be accepted all depends on the strength of your education and experience.

What does a broker need to legally practice real estate in North Carolina?

Pass the North Carolina State Licensing Examination with a score of at least 75%. Once you receive your broker's license from the North Carolina Real Estate Commission, brokers must complete all three postlicensing courses within 18 months of initial licensure to retain eligibility.

How do you keep your real estate license active in NC?

All North Carolina real estate licenses expire on June 30 of each year. To maintain a “Current” license, a licensee must pay the license renewal fee between May 15 and June 30.

What governs real estate brokerage practices in NC?

The North Carolina Real Estate Commission (NCREC) is responsible for licensing real estate brokers in North Carolina to ensure they are qualified to advise consumers about these transactions.

What questions to ask client in real estate interview

How many hours do you need to get your real estate license in NC?	75-hour The process for obtaining a license: Applicant successfully completes North Carolina's 75-hour Broker Prelicensing Course. Applicant submits a license application with application fee and required documentation. Commission determines applicant's eligibility for licensing examination.
What is a qualifying broker in NC?	The Qualifying Broker acts as the primary contact person between the firm and the Real Estate Commission and performs certain administrative duties (Page 2 of this form). Only one Qualifying Broker is permitted at any time for a particular firm, even if the firm operates multiple real estate offices.
How often do you have to renew NC real estate license?	June 30th each year North Carolina requires you to renew your real estate license every year. North Carolina real estate licenses expire on June 30th each year, so it is important that you complete the renewal process before this date. You can begin the renewal process as early as May 15th.
How long can a NC real estate license stay inactive?	My license is currently on Inactive status. How long may I remain on Inactive status? As long as you pay your renewal fee on time every year, your license can remain on Inactive status indefinitely.
How much does it cost to renew NC real estate license?	$45 North Carolina Real Estate Renewal Cost Status Provisional Broker License Full Broker License Renewal Cost Online $45 $45 Reinstatement Fee $90 $90 Total Cost $45 – $135 $45 – $135 Aug 23, 2023
How do I renew my NC real estate license?	How do I renew? Go the Commission's homepage, www.ncrec.gov. Click on Renew My Broker License. Enter your license number and PIN (password). Verify your contact information, and update information if needed. Provide the “Employee Misclassification” disclosure and certification.
What is an inactive real estate license in NC?	Key Points: Inactive License Status Once a broker's license status is changed to inactive, they must immediately cease all brokerage activity until their license is back on active status.
How much does it cost to get a NC real estate license?	Sample North Carolina Real Estate License Costs 75-hour Prelicensing Course $715 (through The CE Shop) Exam Registration $56 Background Check $15 License Application $100 Total Costs: $886 Apr 28, 2023
How do you answer the question why real estate?	They should be able to discuss their career goals and how you can help them achieve those goals. Sample Answer: I want to be a real estate agent because I enjoy helping people find the right home. I have a flexible schedule, and I want to advance my career by working with a top-notch agency.
How do you answer a real estate interview question?	Be prepared to answer real estate interview questions about your history with solid statistics and numbers. Include the number of homes you've sold on your resume. Talk about the types of homes, neighborhoods, buyers, etc. Mention any awards or advanced credentials you've received.
What got you interested in real estate?	“I'm interested in the real estate profession because I want to become my own boss. Also, I want more flexibility in my work schedule to be available for the needs of my husband and children.” – Erica S.

• What questions should I ask in my real estate interview?
  • General
    • I am interested in Real Estate Sales (or Property Management).
    • Is the company independent, corporate owned or a franchise?
    • What is your market share?
    • How many offices do you have?
    • How many total agents?
    • What kind of management & systems support do you have?
    • How is your office staffed administratively?
• What is your why in real estate?
  • What Is the “Big Why?” The “Big Why” tells customers (and yourself) why you do what you do in your field: it explains why you are a realtor, and what it is that motivates you in real estate. Maybe you hadn't given that too much thought before; now is the ideal time to think about what propelled you into the business.
• What questions to ask in real estate interview?
  • General questions for a real estate interview
    • Where do you see yourself in five years?
    • Why do you want to work for this company?
    • Why should we hire you?
    • What did you like most about your last position?
    • What are your top three skills?
    • What skills would you like to learn and why?
• How can I impress a real estate client?
  • What the best real estate agents know about wowing their clients
    1. Connect them to businesses you trust.
    2. Give them your business.
    3. Help them network.
    4. Send over dinner on moving day.
    5. Welcome them home.
    6. Offer them a tour of the community.
    7. Provide them with a “best of …” bag.
    8. Remember significant events.
• How do I prepare for a real estate agent interview?
  • 1. Know the Differences Between a Real Estate Agent & Salaried Worker.
    2. Make a Real Estate Business Plan.
    3. Create Your Real Estate Resume.
    4. Research the Real Estate Brokerage.
    5. Determine the Questions You Plan to Ask the Brokerage.
    6. Prepare for Potential Real Estate Interview Questions to Answer.
    7. Dress for Success.
• What are good questions to ask in commercial real estate interview?
  • 10 Questions to Ask A Commercial Real Estate Broker
    • What locations, cities, or specific neighborhoods are you most familiar with in your practice?
    • Where do you see the market going right now?
    • What is your experience as a broker?
    • Have you negotiated a tenant improvement allowance and worked through a build out before?
• How can I impress my real estate interview?
  • Read below to find out.
    1. Social Media.
    2. Arrive Early to your Real Estate Interview and Be Prepared.
    3. Research the Company before your Real Estate Interview.
    4. Overdress.
    5. Introduce yourself to all company staff you come in contact with.
    6. Grab a Business Card.
    7. Prepare 2 questions to ask during your Real Estate Interview.
• Are all real estate agents brokers in NC?
  • As an important blanket statement, keep this in mind: In North Carolina, every licensee is a broker. The difference lies in the status level of their broker license.
• Do you have to work under a broker to be a real estate agent in NC?
  • Passing the exam is a requirement to practice as a licensed North Carolina real estate broker. But now you need to find a broker-in-charge to hang your license with. As a real estate broker, you are licensed to act on behalf of a broker-in-charge and may not act as broker independently.
• What can you do with a brokers license in NC?
  • Career Paths for Anyone with a North Carolina Real Estate License
    • Real Estate Sales Agent/Broker. This is the classic real estate license career path.
    • Real Estate Broker-in-Charge.
    • Commercial Real Estate Sales Agent.
    • Leasing Agent.
    • Property Manager.
    • Real Estate Investor.
    • Foreclosure Specialist.
• Do I need a broker-in-charge in NC?
  • Finding a Sponsoring Broker-in-Charge When you become a provisional broker in North Carolina, you must be sponsored by a broker-in-charge in order to hold an active license.