The North Carolina Real Estate Licensing Board and the South Carolina Real Estate Commission have entered into a formal reciprocal licensing agreement whereby North Carolina real estate brokers and salesmen can under certain conditions qualify for nonresident South Carolina real estate licenses without having to pass South Carolina's real estate licensing examination. This formal agreement clarifies the terms and conditions of the verbal agreement under which the South Carolina Commission and the North Carolina Board have for many years operated.

Among other things, the Agreement requires North Carolina brokers to maintain a place of business in North Carolina. It prohibits North Carolina brokers from maintaining a place of business in South Carolina unless a resident South Carolina broker is placed in charge of such office. And it prohibits North Carolina brokers and salesmen from being employed by or associated in business with a resident South Carolina broker or brokerage firm.

Licenses issued under this Agreement to North Carolina brokers and salesmen become invalid should the North Carolina licensee establish residence in South Carolina.

Of course, the same terms and conditions apply to South Carolina brokers and salesmen applying for nonresident North Carolina real estate licenses.

A copy of the complete Reciprocal Licensing Agreement is available from the Licensing Board office upon request.