March 8, 2014

FAQ’s

Frequently Asked Questions

In North Carolina, there are essentially three levels of licensing:

•Provisional Broker
•Broker
•Broker-in-Charge

The first level is Provisional Broker, and is where your start after initial licensing.

How do I obtain a Provisional Brokers license?
We’ve broken down the process step-by-step for you. Check out the details here!

1.Complete our 75-Hour Broker Pre-Licensing Course
2.Begin the NCREC’s Application for Real Estate License
3.Send in your completed application to the NC Real Estate Commission
4.Receive Notice of Eligibility and Schedule Exam
5.Choose Your Real Estate Firm or Broker-In-Charge
6.Complete your Post-Licensing and Continuing Education Requirements

How much does the 75-Hour Broker Pre-Licensing course cost?

The Broker Pre-Licensing course is $415.00.

What is included in my tuition?

The tuition for our Broker Pre-Licensing course includes Instruction, your textbook, “Real Estate Principles and Practices”, and administrative costs. In addition, you have access to some incredible study materials! You will also have access to Practice Tests and many study materials.

Is there any financial assistance available? Are you approved for VA educational benefits?

At this time we do not have financial assistance and we are not approved for VA assistance programs. Please ask our school administrator about our tuition Reimbursement Program*.

What should I bring with me to class?

When you come to class, please bring your textbook, workbook, paper, pens/pencils, highlighters and a standard calculator. You will be given handouts throughout the course, and you can also download and print the study materials given by the instructor.

What do I need to do to prepare for my first class?

We recommend to all of our students to pre-register for each class. Pre-registration allows you to pick up your book before the class starts. You are also advised to read the first three chapters in your textbook before the first class. Please note, on class day you’ll need to arrive 15 minutes early to complete final paperwork.

Is there a lot of homework?

What you get out of a class is relative to the effort you put in to it. Just sitting in class listening and taking notes is not sufficient to pass the state exam. We offer our students a variety of study aids to be used outside of the classroom.

What if I am unable to complete the course?

If the school receives written notice of the your intent to withdraw from a course at least one week prior to the scheduled beginning date of the course for which enrolled, all tuition with the Institute will be returned in full, provided that any materials issued are returned unused.

There shall be no refunds of student fees or materials after you start the class.

If you do not successfully pass the course or if you had to withdraw unexpectedly, you may retake the course within six months from the beginning date of your class for an administrative fee of $200.00

Are there any additional study aids to help me pass?

We offer some of the best study guides in the industry. We utilize technology to allow online study materials and quizzes to help you pass.

What do I need to do to ensure I pass the class test the first time?

Attend a  minimum of 80% class sessions and be prepared to participate and work hard. We also offer practice exam questions and a 3-hour Study Courses that cover General Theory, Law and Math. The review classes are  at no additional charge.

What if I don’t pass the class test? What do I do then?

Most students pass if they follow all of our guidelines, but if you don’t, we allow each student one re-test within 30 days in each course.

If you do not successfully pass the course, you may retake the course within a period of six months for a fee of $200.00. After this six-month period, you are required to pay full tuition.

How often is the state exam offered and what format is it offered in?

The exam is offered via computer daily at various testing locations around the state. You will contact AMP, the testing service, to schedule your exam after receiving your letter of eligibility from the NCREC.

What are the fees to take the NC State Exam?

The North Carolina State Exam application fee is $30 and there is an additional testing fee of $66. Minimum passing score is 75%. After passing the state exam, and assuming there are no problems with your background check, you will be awarded your Provisional Brokers license. For a more complete and detailed review of requirements, please consult the NCREC.

What are the requirements for obtaining a Brokers license?

Once licensed, a Provisional Broker must complete a Post-Licensing Education Program in order to terminate the “Provisional” status of their license and to avoid license inactivation and possible eventual cancellation. You will need to take at least one 30-hour Broker Post-Licensing course by the anniversary date of your license each year for the first three years of licensure. You may take all 90 hours during your first year of licensure, you can take them in any order, but you must take all three courses without duplicating and you cannot take multiple courses at the same time.

To pass the class, you must attend at least 80% of the class, which means that you cannot miss more than 6 hours of the class. You also must pass the class test that is administered on the last day of class by scoring at least a 75%.

After completing each of the three 30 hour Broker Post-Licensing courses, your “provisional” status is removed and you are a “Broker”. In addition, you are required to take 8 hours of Continuing Education before the second renewal of your real estate license. These CE credits are required every year, and are made up of 4 hours of a Mandatory Update course and 4 hours of an approved elective.

How much does each 30-Hour Broker Post-Licensing course cost?

The cost for each Broker Post-Licensing course is $220.

What should I bring to class?

Please bring the Provisional Broker pocket card issued to you by the NCREC with you to check-in before class. In class, you will need to have the required textbook, paper, pens/pencils and highlighters for taking notes.

As stated by the NCREC, the annual license renewal pocket card issued by the Commission to each licensee shall be retained by the licensee as evidence of licensure. Each licensee shall carry his or her pocket card on his or her person at all times while engaging in real estate brokerage and shall produce the card as proof of licensure whenever requested.

What is the attendance policy for Broker Post-Licensing classes?

You are required to attend at least 80% of the class that you select, meaning that you cannot miss more than 6 hours of class.

N. C. Real Estate Commission rule 21 NCAC 58C .0302: A school shall not knowingly enroll an individual in a post-licensing course while the individual is taking another post-licensing course at the same school or a different school if such enrollment would result in the individual being in class for more than 21 classroom hours in any given seven-day period. If you have any questions about this rule, you are encouraged to contact the NCREC at 919-875-3700.

What requirements must I satisfy to pass the course?

To pass the class, you must attend at least 80% of the class, which means that you cannot miss more than 6 hours of the class. You also must complete any mandatory homework, and you must pass the class test that is administered on the last day of class by scoring at least a 75%.

When is course completion reported to the NCREC?

Upon successfully passing the class test, you will receive a Certificate of Completion for your records. Course completion will be reported to the NCREC within 7 days. You do not need to take any action to report the completion to the NCREC.

What happens once I finish all three Broker Post-Licensing courses?

After completing all three required Broker Post-Licensing courses, the “provisional” status will be removed and you will be a “Broker”. The NCREC will send you an updated card in the mail.