The North Carolina Real Estate Commission (NCREC) is an independent state governmental agency that regulates and licenses real estate brokers and firms in North Carolina. The NCREC also oversees the sales activities of time share projects, where multiple owners share the use of a single living unit, usually a resort condominium. The NCREC’s mission is to protect the public interest in real estate transactions and to ensure that real estate professionals adhere to high standards of competence, honesty, and integrity.
What Does the NCREC Do?
The NCREC performs various functions related to real estate regulation and licensing, such as:
- Administering the 75-hour Broker Prelicensing Course, which is required for anyone who wants to obtain a broker license in North Carolina.
- Conducting the licensing examination for broker applicants, which tests their knowledge of real estate law, principles, and practices.
- Issuing broker licenses to qualified applicants who pass the examination and demonstrate good character.
- Providing continuing education courses and resources for brokers to maintain and update their skills and knowledge.
- Investigating complaints and allegations of misconduct or violations of the license law or rules by brokers or firms.
- Imposing disciplinary actions, such as fines, suspensions, or revocations, against brokers or firms who are found guilty of misconduct or violations.
- Registering and regulating time share projects and their salespersons, who must also hold a broker license.
- Educating and informing the public about real estate matters and consumer protection issues.
How Can You Contact the NCREC?
The NCREC’s main office is located at 1313 Navaho Dr, Raleigh, NC, 27609. You can contact the NCREC by phone at (919) 875-3700, by email at ncrec@ncrec.gov, or by visiting their website at www.ncrec.gov. The NCREC’s office hours are Monday through Friday, from 8:30 a.m. to 5:00 p.m.
You can also follow the NCREC on social media platforms, such as Facebook, Twitter, YouTube, and LinkedIn where you can find updates, news, events, and tips related to real estate.
Conclusion
The North Carolina Real Estate Commission is an important agency that regulates and licenses real estate brokers and firms in North Carolina. The NCREC’s main goal is to protect the public interest in real estate transactions and to ensure that real estate professionals comply with the license law and rules. If you are interested in becoming a broker or a time share salesperson in North Carolina, or if you have any questions or concerns about real estate matters, you can contact the NCREC for more information and assistance.
