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Updated over 6 years ago,

User Stats

279
Posts
240
Votes
Levi Bennett
Pro Member
  • Real Estate Broker
  • Charlotte, NC
240
Votes |
279
Posts

Non-Licensed Ownership in Real Estate Companies for NC

Levi Bennett
Pro Member
  • Real Estate Broker
  • Charlotte, NC
Posted

Can you own a controlling interest in a real estate company if you're not licensed in NC? 

Assuming you have a BIC in place as a manager/officer of the company, and all transactions are done through the oversight of the BIC. 

I can't find clarification on this anywhere. 

From my previous experience in Florida, the law was that you can own a real estate company if you're NOT licensed, or if you're a Broker. However, licensed sales associated were prohibited by law to have any interest in ownership of a real estate company (because of the conflict of interest, a broker would be subject to the ownership, whom the broker manages). My thinking is that there is probably a similar law here in NC, but I am unable to find it. 

Please help, thank you!

  • Levi Bennett
  • Loading replies...