Commission Meeting News


commission_seal

Key reports, issues, and decisions of interest to licensees and/or the public are reported here from the most recent Commission meetings:

A PDF version is also available here.

Commission Meeting of January, 2019

Pending Cases: The Commission accepted the permanent voluntary surrender of one license; entered into consent agreements to reprimand one licensee and to approve the issuance of a real estate broker license on provisional status to one applicant on certain conditions; reconsidered the amount awarded from the Real Estate Education and Recovery fund in the Findings of Fact, Conclusions of Law, and Order for Payment and instead awarded $7,500 to the claimant; and ordered hearings involving 11 licensees.

License Applications Involving Character Issues: Applications for licenses from persons who have character issues such as prior criminal convictions or disciplinary action by another licensing board are separately reviewed by the Commission. Decisions are made based upon criminal background checks, information supplied by the applicant, and in-person interviews. Total candidates reviewed: 23; total approved: 15.

License Examination Results: A summary of key data relating to persons taking the examination for the first time is provided below:



Individuals Tested for the First Time

Took prelicense course

Hold license from another state


December 2018

January 2018 through December 2018


December 2018

January 2018 through December 2018

# Tested

503

6905

15

590

% Pass both sections

56%

57%

N/A

N/A

% Pass National section

77%

80%

N/A

N/A

% Pass State section

60%

61%

47%

34%


Standard of Proof and Related Matters: Staff reviewed with the Commission the probable cause and hearing processes, including evidentiary matters and the propriety of questions of witnesses from the Commission.

Legislative Report: Commission Member George Bell reported that the NCREALTORS® Forms Committee might seek a legislative change to add vacant land to the Mineral, Oil, and Gas Rights Disclosure Statement, and to eliminate the seller’s option to make “no representations” on the Residential Property and Owner’s Association Disclosure Statement.

Emerging Trends: The Commission recommended that staff provide information to licensees concerning licensees’ obligations with respect to funds that should be escheated to the State. The Commission also discussed inside sales agents and new commission structures resulting from the entry of iBuyers and related entities into the market.

Report on License Numbers: The Commission was advised that as of January 1, 2019, the Commission has 106,838 brokers and firms, as follows:

Next Commission Meeting: The next Commission meeting will be held at 9:00 a.m., Wednesday, February 13, 2019, at Raleigh, North Carolina and is open to the public.