Rules, Laws, and Guidelines
North Carolina Real Estate Commission Rules can be found in
Chapter 58 of the North
Carolina Administrative Code, Title 21, Occupational Licensing Boards.
North Carolina Real Estate License Law can be found in
Chapter 93A of the
General Statutes of North Carolina.
The Commission is committed to promoting fair housing in this state. Licensees
and applicants are reminded that any conduct by a broker which violates North
Carolina's State Fair Housing Act, Codified as
Chapter 41A of the North
Carolina General Statutes also constitutes a violation of the Real Estate
License Law.
The information in
Trust Account Guidelines assists real estate
brokers in understanding their duties as trustees for the funds of others.
Practicing brokers should evaluate their current procedures in light of this
information. It is also important that both licensees and applicants carefully
study this material. A list of vendors of software that the Commission has
found to be "substantially" compliant with Commission rules and the Trust
Account Guidelines can be found by clicking
here.
Trust Account Tutorials from the Real Estate Bulletin’s Auditor’s
Corner
Open or download for future reference
Trust Account Tutorials to understand and learn
the process of maintaining trust account records that comply with Real Estate
Commission rules. The three one-page tutorials cover Deposits, Disbursements
and Monthly Account Reconciliations and are displayed in numbered steps with
ledgers and other documents shown as examples.
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