Effective January 1, real estate firms must have separate license

For many years, the Real Estate Commission has required a license for any corporation engaged in real estate brokerage in North Carolina. This corporate real estate broker license is separate from - and in addition to - the licenses of individual brokers and salesmen associated with the corporation.

Effective January 1, 1997, partnerships, limited liability companies and other business entities (other than sole proprietorships) engaged in the brokerage business must also obtain a license - a Real Estate Firm License.

If you currently have a corporation real estate broker license, your corporation license certificate will serve as your firm license. No other application or fee is required.

And if you are doing business as a sole proprietorship - whether by yourself or with other licensees you are NOT required to have a Real Estate Firm License.

For further information and application forms and materials, contact the North Carolina Real Estate Commission at (919) 733-9580.