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Updated about 5 years ago,
NC Real Estate Agent Requirements for self-representation.
Hello everyone,
I am a long time lurker around here and am happy to finally jump into activity! I am starting to personally join into the real-estate investing game mostly utilizing rental and Fix/Rent strategies. One of my major goals is to obtain my NC real estate license so that I may self-represent and increase my agility when approaching deals. I have familiarized myself with all of the requirements through the NC Real Estate Commission website and have already taken steps to schedule my pre-licensing education courses...
Where my confusion sets in is the requirement to go from provisional broker status to broker status. It mentions that you must work under a BIC in order to be "active" as a provisional broker, and that the requirement to become a full-fledged broker is to complete the 90 hour post-license course.
My first question is, is there any actual requirement that you work under a BIC? Or can you simply skip this step and dive straight into the 90 hour requirement?
Second question from there... " An independent broker-sole proprietor must be a broker-in-charge to lawfully engage in most brokerage activities." Can I interpret this as that in order to be an independent broker-sole proprietor that I must become a BIC myself?
Or is there a different approach that I may be missing as to what may be required for self-representation?
Thank you all for taking the time to read!
Sincerely,
Kyle Groseclose