Don't forget to renew your NC Real Estate license by June 30. The NC Real Estate Commission requires that you renew your license online at www.ncrec.gov.
If you have a firm license, it too must be renewed by June 30 of each year.
Also, all active brokers will need to renew your NC privilege license with the NC Department of Revenue. The privilege license tax is $50 each year.
Step by Step Process
Step 1. Verify Continuing Education Credits
As a NC real estate licensee, you may login to the NC Real Estate Commission website to verify that the continuing education courses you completed prior to the June 10th deadline have posted to your account. Once you login, click "CE License Information" to see a complete historical transcript of your continuing education credits (NCREC approved courses).
It's important to periodically check your CE transcript and verify that your classes have been reported and recorded. The NCREC sends email notifications when an education provider reports your course completion, so make sure your contact information is up-to-date. Save your certificates of completion from education providers as evidence, in case you need to show proof.
If you renew your license without completing all of your CE, your license status on July 1 will go to INACTIVE.
Step 2. Renew Your NC Brokers License
Renew your NC Brokers License by June 30 on the NCREC website. You may renew as early as May 15th and you DO NOT need to have your CE completed to go ahead and renew your license. It only takes 10 minutes and I highly recommend doing it as soon as possible. The cost is $45.
If you don't renew your license, the status on July 1 will be EXPIRED.
Step 3. Renew Your Firm License
If you have a firm license, renew it online by June 30 on the NCREC website.
Step 4. Pay Your NC Privilege Tax
Pay your NC privilege tax by June 30. This bill should be mailed to you in the first quarter of each year. The tax for each license is fifty dollars ($50.00) per year.
If you need to apply for a privilege license or change your address, you can get the forms on the NC Department of Revenue website. Please note that privilege renewal fees cannot be paid online.
Summary of Helpful Links
- Renew Your NC Brokers License
- Renew a NC Firm License
- NC Privilege License Statue
- NC Privilege License Application and Change of Address Forms
I hope this information proves helpful to NC real estate licensees and real estate firms.
Sincerely,
Steve Connell Real Time Learn