It's time to ... Renew!

It's that time again: time for you to renew your real estate license for 199394. The mid-May mailing of broker, salesman and corporation renewal applications was the start of the annual renewal period, as the Commission prepared to renew over 75,000 licenses.

Your application was mailed in the familiar white envelope with the wide blue stripe. It was sent to your address-of-record which, for an active salesman, is the business address of the salesman's broker-in-charge.

This year's broker and salesman renewal applications are lettered in black on the usual white background; corporation renewals are light grey with black lettering.

If you have not already done so, please send in your renewal application and fee immediately. Check it for accuracy before you mail it. That includes verifying the broker-in-charge designations for active salesmen, and the proper principal broker for each corporation. Indicate your changes/corrections on the application. For changes other than address, the Commission will advise you in writing as to any additional documentation which may be required to effect the change.

If you are a broker-in-charge, please remember your responsibility to make sure that all agents in your office - brokers as well as salesmen - renew their licenses by the deadline.

Director of Administration Mary Frances Whitley, who supervises the Commission's Financial Section, reminds you of potential problems with your renewal fee which can slow the process and delay your renewal. She cites checks which are unsigned, counter checks, and checks made payable to some entity other than the Real Estate Commission (i.e., Department of Revenue and Board of REALTORS@) which must be returned to the licensee. Checks drawn on real estate trust or escrow accounts and checks returned unpaid by the bank due to insufficient funds are cause for referral to the Commission's Legal Division and possible disciplinary action by the Commission.

She cautions that although one check is accepted for payment of multiple renewals, it will be returned if there is a problem with any one of the renewals thus possibly delaying the renewal of all the licenses included in that check.

In order to speed the renewal process, the Records Division requests that you please return your original application with your filing fee. Do not send a photocopy or keep the application.

However, if you have not received an application, please send your check for exactly $25, or exactly $30 after June 30 (include no other fees with your renewal fee) to the North Carolina Real Estate Commission, Post Office Box 17100, Raleigh, North Carolina 27619-7100. Put your real estate license number on your check! Indicate your current address-of record, as well as your home address, if it is different from your address-of-record. if you are an active salesman, also please include the name and license number of your broker-incharge. June 30 is the deadline for renewing without a late penalty. Be sure to have your renewal in the Real Estate Commission office by that date.