REAL ESTATE LICENSES EXPIRE ON JUNE 30,1971
Real estate licenses are renewable during the month of June. Renewal forms will be mailed to all licensees of record during the last week of May. Anyone not receiving his form by June 1st should immediately contact the Board office for another form.
The mechanics of renewal are quite simple. The licensee merely has to personally sign the renewal form, make address changes or corrections, enclose the $10.00 renewal fee, and return in the envelope which is provided. A salesman's renewal must also be signed by his supervising broker provided the broker has filed his own renewal. Renewals not filed in proper form will be returned.
The exact amount of the fee must be enclosed with each renewal. Other fees should not be included. (Fees -r payment of real estate privilege tax license should be sent to the North Carolina Department of Revenue). Checks drawn on escrow or trust accounts are not acceptable. Checks returned because of insufficient funds are grounds for license suspension or revocation.
Completed renewal forms must be received in the Board office, 813 B B & T Building, 333 Fayetteville Street, Raleigh, no later than 5:00 P.M. on June 30, 1971. Late renewals will be returned and are subject to an additional $5.00 late filing fee.
Renewals are processed by computer; consequently, a strict renewal schedule must be maintained. At the end of each 10 day renewal period, the computer will print pocket cards for the licensees who have renewed during that period. Licensees are urged to renew as soon as possible to prevent undue delay in processing and issuing pocket cards.
General Statute 93A-4(c) provides that "All licenses granted and issued by the Board under the provisions of this chapter shall expire on the 30th day of June following issuance thereof, and shall become invalid after such date unless reinstated. Renewal of such license may be effected at any time during the month of June preceding the date of expiration of such license upon proper application to the Board accompanied by the payment of a renewal fee of ten dollars ($10.00) to the secretary-treasurer of the Board. All licenses reinstated after the expiration date thereof shall be subject to a late filing fee of five dollars ($5.00) in addition to the required renewal fee. In the event a licensee fails to obtain a reinstatement of such license within twelve months after the expiration date thereof, the Board may, in its discretion, consider such person as not having been previously licensed, and thereby subject to the provisions of this chapter relating to the issuance of an original license, including the examination requirements set forth herein."
IT IS YOUR RESPONSIBILITY TO RENEW IN TIME!