ABOUT THE COURSES
Broker Pre-Licensing Course
The Real Estate Broker Pre-Licensing course is an introductory level real estate principles and practices course with heavy emphasis on real estate brokerage law and practice. The satisfactory completion of the 75-hour pre-license course will qualify the student to take the North Carolina State real estate license examination. The primary objectives of this course are (1) to provide student with the basic knowledge and skills necessary to act as a licensed real estate broker in a manner that protects and serves the public interest and (2) to prepare the student for the North Carolina State real estate license examination. Major topics discussed in the course include the following:
- Basic real property law
- Property taxation
- Land use controls
- Environmental hazards
- Brokerage relationships and practices
- Real estate contracts
- Real estate financing
- Closing real estate transactions
- Real estate valuation
- Fair housing
- Landlord and tenant
- Property management
- Federal income taxation of real estate
- Basic house construction
- Property insurance
- North Carolina Real Estate License Law
- North Carolina Real Estate Commission Rules and Trust Account Guidelines
- Real Estate Math Concepts
Broker Post-Licensing Courses
The primary objective of each course is to provide instruction at the level beyond that provided in the real estate pre-licensing course on topics deemed to be of special importance to licensees. Persons issued an original real estate license after completing the Broker Pre-licensing Course and passing the state real estate license examination are issued a broker license on “provisional” status. These “provisional” brokers are required to complete 90 hours of post-licensing education within 3 years of initial licensure in order to retain their licenses on active status. At least one of the three 30-hour post-licensing courses described below must be completed during each of the first three years after initial licensure to remain eligible for active status. A provisional broker may elect to take two or all three courses during the first year after licensure.
Licensees are required to take at least one post-licensing course on or before the first anniversary date of their licensure. If they fail to complete at least one post-licensing course by this time, their real estate licenses will be placed on inactive status. The same is true for the second post-licensing course and second anniversary date of licensure. However, if North Carolina licensees fail to complete their third and final post-licensing course by the third anniversary date of licensure, the licensees’ North Carolina real estate licenses will be placed on inactive status. Upon completion of all three courses, the “provisional” status of the broker’s license is removed.
Broker Relationships & Responsibilities (301)
Topics addressed in this course include a review of agency relationships in real estate sales transactions and a real estate agent’s legal duties to clients and customers, step-by-step review and discussion of the functions and responsibilities of a real estate agent when working with residential sellers and buyers, a review of issues associated with agent compensation and agents changing firms, and a review of license status and education issues.
Contracts & Closings (302)
Topics addressed in this course include selected basic contract law concepts, real estate sales contract preparation, sales contract procedures, closing procedures, closing statement preparation, and real estate license status and education issues.
Selected Topics (303)
Topics addressed in this course include commercial real estate brokerage, residential property management, land-use controls, loan fraud, license law issues and case studies, fair housing, establishing a brokerage firm, manufactured and modular homes, and local issues.