The preceding opinion from the Attorney General clarifies several items concerning the licensing of corporations which engage in the business of real estate brokerage. It should be noted that persons engaging in business as a corporation not only must hold a corporation license but must also be licensed individually.

Many persons who become licensed as brokers subsequently incorporate but fail to notify the Licensing Board and fail to apply for the corporate licenses. Brokers ore urged to immediately review their organizations and, if not properly licensed, contact the Licensing Board. The application fee for the corporation license is $25.00 and the annual renewal fee is $10.00.

A foreign corporation (one which is organized under the laws of another state) is also required to procure, from the North Carolina Secretary of State, a certificate of authority to transact business in this state and otherwise comply with the North Carolina Business Corporation Act ' Chapter 55 of the General Statutes.