Applicants for a broker's license are required to have six months experience as a licensed salesman or the equivalent real estate education.  At last count, 49 approved real estate courses were available in North Carolina, most of these being offered by Community Colleges and Technical Institutes. To be approved by the Licensing Board, the course must cover a minimum of 24 classroom hours of basic real estate subjects. The minimum will be increased to 30 classroom hours on January 1, 1972, and will cover the following subjects:

I. Fundamentals of Real Estate - 3 Hours

Ethics - Special characteristics of real estate as a commodity -- Social importance of real estate - Vocational opportunities in the real estate business: Brokerage, Finance, Appraising, Management -- Qualities leading toward success.

II.. Real Property Law - 6 Hours

Real estate license law of North Carolina-Rules and Regulations of the North Carolina Real Estate Licensing Board-Real property interest - Types of estates in land - Easements in land - Methods of conveying - Matters which affect title - Contracts of sale -- Relationships between seller, buyer, and broker - HUD -- Fair Housing.

III. Real Estate Appraising - 6 Hours

Importance of listings -The initial contact - Physical inspection -Inspection procedure - Neighborhood influence - Internal property factors - The listing price - Fundamentals of Construction -- (Footings and foundations - Framing - Exterior finishes -Plumbing, electrical and heating - Interior finishes - Pointing and decorating)

IV. Real Estate Brokerage - 6 Hours

History of real estate brokerage - Becoming a broker: education & training, capital required, location, personnel - Operating as a broker: appraising for sale, financing, listing, advertising,- showing, selling, closing, accounting - Broker-Salesman relationship - Cooperation on sales.

V. Real Estate Finance - 6 Hours

The general nature of mortgage loons - Types of loons - Source of funds - FHA-VA loans - Legal aspects of mortgage loons -Analyzing listing with relation to financing - Purchaser investigation - Loan closing and completion of sale.

VI. Mechanics of Closing - 3 Hours

What is closing - Legal instruments involved - Broker's, Buyer's and Seller's role in closing - Types of closing statements - Sample problems.