Outlined below are the amendments to the Real Estate Licensing Law which have been introduced in the General Assembly at the request of the Licensing Board.

Licensees are urged to support these changes which the Board considers necessary for the better administration of the low.

Sec. 1. G. S. 93A-3 is amended by adding at the end thereof a subsection (f) as follows:

"(f) The Board is authorized to expend funds for the purpose of conducting education and information programs relating to the real estate brokerage business for the information, education, guidance and protection of the general public, licensees, and applicants for license. The education and information programs may include preparation, printing and distribution of publications and articles and the conduct of conferences, seminars, and lectures."

Sec. 2. G. S. 93A-6 is amended by adding at the end thereof a subsection (c) as follows:

`(c) Records relative to the deposit, maintenance, and withdrawal of the money or other property of his principals shall be properly maintained by a broker and made available to the Board or its authorized representative when the Board determines such records are pertinent to the conduct of the investigation of any specific complaint against a licensee."

Sec. 3. G. S. 93A-9 is rewritten to read as follows:

"An applicant from another state, which offers licensing privileges to residents of North Carolina, may be licensed by conforming to all the provisions of this Chapter and, in the discretion of the Board, such other terms and conditions as ore required of North Carolina residents applying for license in such other state; provided that the Board may exempt from the examination prescribed in G. S. 93A-4 a broker or salesman duly licensed in another state if a similar exemption is extended to licensed brokers and salesmen from North Carolina."

Sec. 4. This act shall become effective July 1, 1971.