From the results of the license renewal period which concluded on June 30th, it appears that many licensees place a pretty low value on their licenses.

A total of 1,124 licenses were not renewed by June 30th and expired A number of these have since been reinstated. It's surprising, however, to note how many licensees complained about the $5.00 late filing fee. Perhaps they should be required to take another examination as is required in some of the other states. More serious is the fact that persons who continue in business after their licenses expire are not only not entitled to any compensation but are also subject to fine or imprisonment for operating without a license.

A total of 375 renewals were improperly filed and were returned for correction. Either the instructions for filing are unclear or the applicant falls to read them. We feel the latter is the case.

A total of 1,527 address changes were made during the renewal period. Most of these could be eliminated if licensees would notify the Board office of their address changes during the year. (We noticed that the Minnesota Real Estate Commission recently suspended the license of a broker who failed to notify them of an address change.)

Many licensees confused their privilege license renewal with their real estate license renewal. Privilege licenses are renewed with the North Carolina Department of Revenue and not the Real Estate Licensing Board.

To the many licensees who filed early and in proper form, we thank you; to the others, we hope you cooperate better next year.