Following a public hearing in the Commission's Raleigh office on March 16, the Commission amended and repealed a number of its rules. The rule changes became effective May 1, 1984.
The rule changes were mainly of a technical or procedural nature involving the conduct of administrative hearings, petitions for rules, rulemaking, and declaratory rulings. In addition, as a result of adding a new section of rules dealing specifically with Time Share Project Registration, the existing rules governing General Brokerage have been redesignated by adding the prefix "A" before each rule.
However, two changes in the commission's rules should be of interest to licensees, especially brokers and applicants for salesman licenses.
Rule A .110 which sets forth the responsibilities of the Broker-in-Charge of a real estate office was amended by clarifying that the Broker-ln-Charge must actively, personally supervise the real estate salesman in his or her office, and by defining the terms "Office" and "Branch Office".
In addition, the procedure for issuing salesman licenses has been modified. Under the new rule, after applicants for salesman licenses have passed their examinations and qualified for licensure, their licenses are placed on Inactive License Status (Commission Rule A .0504). They must then file with the Commission a form signed by the Broker-In-Charge of the real estate office where they intend to work (i.e., their Supervising Broker) in order to have their license certificate issued (No fee required).