All Salesmen To Receive New License Certificates
In an effort to reduce the time and simplify the procedure for transferring real estate salesman licenses from one broker-in-charge or firm to another, the Commission has approved an innovative new procedure which will take effect November 1, 1985.
Under the new procedure, salesmen will be given custody and control of their licenses rather than having the license issued to the salesman's broker-in-charge which is currently the practice. The new procedure will work as follows:
On November 1, 1985, all licensed North Carolina real estate salesmen (including salesmen whose licenses are on Inactive Status) will be mailed a new real estate license certificate. The new certificate will resemble the current certificate except that it will not contain the name of the salesman's supervising broker (broker-in-charge), and it will bear a red seal— rather than the current blue seal—to more clearly and readily distinguish it from broker license certificates. Upon receiving the new certificate, salesmen should remove their previous wall license certificate from display in the of their broker-in-charge and replace it with a new certificate. Salesmen may retain or destroy their previous certificate. (Do not return it to the Commission.) Salesmen who are on Inactive Status should keep the new certificate until such time as they associate with a real estate broker or firm; they cannot, of course, engage in the business of a real estate salesman until they are under the supervision of a broker-in-charge.
After receiving the new license certificate, a salesman who wishes to leave his current employment and associate with another real estate firm should take the license certificate with him/her to the new firm. The license should not be returned to the Real Estate Commission for reissuance which is currently the practice. However, the salesman's former broker-in-charge should immediately notify the Commission in writing when the salesman has terminated his association so that the Commission can change its records to reflect that the broker-in-charge is no longer responsible for the salesman's activities. Both the salesman and the broker-in-charge will receive a written acknowledgement from the Commission that the proper record changes have been made.
When a salesman associates with a new firm, the salesman and the broker-in-charge of the office where the salesman will be employed must immediately complete and return to the Commission a "Supervisions of Salesman" form; these new forms will be available from the Commission Office. Upon mailing or delivering the "Supervision of Salesman" form to the Commission, the salesman can begin working as a real estate salesman under the supervision of the broker-in-charge. The Commission will make the necessary changes in the records of the salesman and the broker-in-charge and send the broker-in-charge an acknowledgement certifying that the changes have been made. The acknowledgement should be retained by the broker-in-charge in his files. But if the broker-in-charge has not received the written acknowledgement from the Commission by 30 days from the date shown on the "Supervision of Salesman" form, the salesman must cease further real estate activities until the acknowledgement has been received. This new procedure will also apply to salesmen in offices where the broker-in-charge of such office has changed.
Brokers-in-charge and salesmen are cautioned, however, that this new procedure in no way diminishes the responsibility of the broker-in-charge to at all times personally, actively supervise the activities of the salesman.