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NC Real Estate Commission
|NC Real Estate Commission is a state government agency that works independently. Brokers and salespersons who deals in the sale and purchase are licensed by the North Carolina Real Estate Commission. The Real Estate Commission consists of seven members. At least two members are from the real estate sector and two are the public members and all of these are appointed by the Governor. It is the Executive Director that administers all the matters related to the administration of the staff in NC Real Estate Commision. S/he also sees if all the programs and functioning is according to the directives and policies of the commission or not.
NC Real Estate Commission: An OverviewNorth Carolina Real Estate Commission is an agency that gives license, approves schools and review complaints but does not give any legal advice on any issue. Even it cannot reimburse the money from the default real estate salespersons. For all these things real estate attorneys should be consulted.
For the administration of the NC Real Estate Commission there is the Financial Officer and Secretarial Support Staff that do personnel management, purchasing and financial management. License Clerks, Application Clerk and Record Clerks handle the licensing of real estate brokers and salesperson. Then to handle the education related issues there is a separate staff of Education Director, Assistant Education Director and Support Staff. For complaints and legal inquiries in Real Estate Commission in NC there are separate legal, audit and investigative staff members.
North Carolina Real Estate Commission ComplaintComplaints against salespersons, brokers and timeshare salespersons are made in written form on the Complaint Form that can be obtained from the real estate commission in NC. The legal staff of the commision handles the complaints and investigations, which are done by the auditors or investigators of the North Carolina Real Estate Commission. If after investigation it is found that any of the Real Estate Commission' Rule or Real Estate License Law has been broken then hearing against the same is done. The Administrative Procedures Act NCGS Chapter 150B is one such act according which all the hearings of the North Carolina Real Estate Commission' take place. Now if the breach has been proved against salesperson or broker then NC real estate commision can consider any of the following disciplinary action:
- Agent's Reprimand
- Suspension of the license
- Revocation of the license
- Fine for the timeshare developer if the fraud is in the timeshare transactions
Real Estate Recovery Funds maintained by the NC Real Estate Commission is used when the person faces the loss owing to the false and unlawful real estate practices.|
All the information regarding the recovery funds and its utilization remains with the Real Estate Commission in NC. Along with this information on any query can be taken from the North Carolina Real Estate Commission Website. Contact details for the same is given by Realestatezing.com.
North Carolina Real Estate Commission
P.O. Box 17100
Raleigh, NC 27619
Ph # 919- 875-3700
Fax # 919-872-0038