Starting a career in real estate can be a lucrative and fulfilling opportunity. Whether you are looking for a change in career or seeking to break into the industry, obtaining a real estate license is the first step. However, the process can seem daunting, with many requirements and steps to follow.
In this blog, we’ll take you through the ins and outs of getting your real estate license in North Carolina, breaking down the process into easy-to-understand steps and providing helpful tips along the way. Whether you’re a first-time applicant or considering a career change, this guide will help you on your journey to becoming a licensed real estate agent in North Carolina.
Steps To Get Your NC Real Estate License
Getting a real estate license in North Carolina is a straightforward process that requires you to complete certain steps and meet certain qualifications. Here is a guide on how to get your real estate license in North Carolina:
- Meet the eligibility requirements: To be eligible for a real estate license in North Carolina, you must be at least 18 years of age and have a high school diploma or equivalent. You also need to be a legal resident of the United States and have no felony convictions.
- Complete the pre-licensing education: North Carolina requires that you complete 75 hours of pre-licensing education. This can be done through a licensed real estate school or online program. The curriculum covers subjects such as property ownership, real estate transactions, and North Carolina real estate law.
- Pass the state exam: Once you have completed the pre-licensing education, you will need to pass the North Carolina state real estate licensing exam. The exam is administered by Promissor, a testing company, and is composed of 80 multiple-choice questions. You must score a minimum of 75% to pass.
- Apply for a license: After passing the state exam, you can apply for a North Carolina real estate license. You will need to submit an application to the North Carolina Real Estate Commission, along with the appropriate fees. You will also need to provide proof of completion of the pre-licensing education and passing the state exam.
- Maintain your license: Once you have received your license, you must complete 8 hours of continuing education every two years to maintain it. You also need to renew your license every four years.
Become a Broker In Charge
Once you have obtained your real estate license, you may consider advancing your career by obtaining a broker-in-charge (BIC) license. A BIC license allows you to supervise other real estate agents and manage your own brokerage.
To become a BIC in North Carolina, you must have held an active real estate license for at least three years and complete an additional 30 hours of pre-licensing education. You will also need to pass the North Carolina broker exam, which is a separate exam from the real estate license exam. Once you have obtained your BIC license, you will have the opportunity to expand your career and take on additional responsibilities within the real estate industry.
Earn While You Learn
Many aspiring real estate agents view property management as an opportunity to gain a solid understanding of the housing market, acquire a diverse range of experience, and earn additional income. By working for a reputable property management company, agents can receive a steady stream of income while also selling homes in their spare time. It’s a mutually beneficial situation.
In conclusion, getting a real estate license in North Carolina requires completing pre-licensing education, passing the state exam, and meeting certain eligibility requirements. The process is relatively straightforward, and with dedication and hard work, you can become a licensed real estate agent in North Carolina.