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NC S294

Bill

Status

Introduced

3/16/2015

Primary Sponsor

Richard Gunn

Click for details

Origin

Senate

2015-2016 Session

AI Summary

  • Increases real estate broker application fee from a maximum of $30 to a base of $100, with the Commission allowed to set fees up to $200 by rule.

  • Raises license renewal fee from $30 to $45, with the Commission authorized to increase it by rule up to a maximum of $200.

  • Changes reinstatement fee for expired, revoked, or suspended licenses to equal two times the current license renewal fee, replacing the previous $55 flat fee.

  • Caps annual fee increases at $10 per 12-month period for both application and renewal fees.

  • Effective date: January 1, 2016.

Legislative Description

Changes to Real Estate Broker License Fees

Last Action

Ref To Com On Rules and Operations of the Senate

3/17/2015

Committee Referrals

Rules and Operations of the Senate3/17/2015

Full Bill Text

No bill text available