Bulletin 1970 V1-3

NEW EXAM

Starting in January 1971 a new uniform type of examination will be inaugurated in North Carolina and Virginia for real estate broker and salesmen licenses. Several other states will shortly thereafter also begin using the exam.

The examination was developed by the Educational Testing Service (ETS) of Princeton, New Jersey, in collaboration with the North Carolina Real Estate Licensing Board and the Real Estate Commissions of the several states.

The examination will be given on the fourth Tuesday of every other month for brokers and on the fourth Wednesday of every month except December for salesmen. A thirty day filing date will be established for both exams. ETS will grade the papers by computer.

Consideration is also being given to the possibility of establishing a second examination center which would be located in the Charlotte area. Exams would then be given simultaneously in two centers.

The Licensing Board is confident the new examination will prove to be a large step towards the professionalization of the real estate business in North Carolina.