21 N.C. Admin. Code 58A.1905

Current through Register Vol. 39, No. 11, December 2, 2024

Section 58A .1905 - WAIVER OF 90-HOUR POSTLICENSING EDUCATION REQUIREMENT

(a) A provisional North Carolina real estate broker may apply for a waiver of one or more of the three 30-hour Postlicensing courses described in Rule .1902 of this Section in the following circumstances:

(1) the broker has obtained equivalent education to the Commission's Postlicensing course(s) pursuant to Rule .1902 of this Section. In this case, the waiver request shall include the course(s):

(A) jurisdiction of delivery;

(B) title;

(C) credit hours earned;

(D) beginning and end dates; and

(E) subject matter description.

(2) the broker has obtained experience equivalent to 40 hours per week as a licensed broker or salesperson in another state for at least five of the seven years immediately prior to application for waiver, which shall include the applicant's:

(A) employer;

(B) title at employer;

(C) dates of employment;

(D) hours per week devoted to brokerage;

(E) approximate number of transactions;

(F) areas of practice;

(G) approximate percentage of time devoted to each area of practice;

(H) description of applicant's role and duties;

(I) managing broker's name, telephone number, and email address; and

(J) official certification of licensure issued within the six months preceding application from a jurisdiction within a state, territory, or possession of the United States or Canada in which the applicant holds a current real estate license that has been active within the three years prior to application.

(3) the broker has obtained experience equivalent to 40 hours per week as a licensed North Carolina attorney practicing in real estate matters for the two years immediately preceding application, which shall include the applicant's:

(A) firm or practice name;

(B) law license number;

(C) dates of employment;

(D) hours per week devoted to real estate law practice;

(E) approximate number of closings conducted;

(F) description of practice; and

(G) manager or supervising attorney's name, telephone number, and email address, if applicable.

(b) The Commission shall not consider education or experience obtained in violation of any law or rule as fulfilling the requirements for waiver of the 90-hour postlicensing education requirement.

(c) A broker shall be ineligible for a waiver of the 90-hour postlicensing education requirement if the broker was issued a license pursuant to Rule .0511(b)(2) of this Section.

21 N.C. Admin. Code 58A .1905

Authority G.S. 93A-4(a1);
Eff. July 1, 2017;
Amended Eff. July 1, 2019.

Adopted by North Carolina Register Volume 31, Issue 21, May 1, 2017 effective 7/1/2017.

Amended by North Carolina Register Volume 34, Issue 01, July 1, 2019 effective 7/1/2019.