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 July, 2018

Pending Cases: The Commission permanently revoked one license; accepted the permanent voluntary surrender of three licenses; entered into consent agreements to suspend four licenses and reprimand six licensees; ordered 15 hearings; and approved on certain conditions the issuance of one broker licenses on provisional status.

Status Report on License Renewals: Staff reported to the Commission that 99,473 brokers had renewed or reinstated their real estate licenses as of July 1, 2018.

Timeshare Project: The Commission approved the application of CRG Acquisitions, LLC and CRG Development, LLC, developers, for the timeshare project, Foxhunt Townhouses Timeshare Plan, located in Jackson County, North Carolina.

License Portability: Staff discussed with the Commission the issue of license portability. Currently, this is a national discussion for all professional licenses. The Commission will revisit the topic at the August meeting.

Trust Account Software Compliance List: The Commission voted to cease advocating particular trust account software and to discontinue the trust account software compliance list.

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


July 2018

August 2017 through

July 2018


July 2018

August 2017 through

July 2018

# Tested

491

7189

47

878

% Pass both sections

51%

59%

N/A

N/A

% Pass National section

73%

80%

N/A

N/A

% Pass State section

55%

62%

43%

32%


Emerging Trends:The Commission discussed buyer letters to sellers and square footage from tax records disclosure.

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: 39; total approved: 28.

Report on License Numbers:

Next Commission Meeting: The next Commission meeting will be held at 9:00 a.m., Wednesday, August 15, 2018, at Raleigh, North Carolina and is open to the public.