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NC S690
Bill
AI Summary
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Certified residential real estate appraiser applicants may satisfy experience requirements by completing an approved PAREA (Practical Applications of Real Estate Appraisal) program and submitting 15 appraisals for board review, effective January 1, 2026, with this alternative pathway expiring December 31, 2030.
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Securities salesmen may now register with multiple dealers if those dealers are under common ownership or control, effective October 1, 2025.
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Landlords may recover reasonable attorneys' fees (up to 15% of amount owed or monthly rent) from tenants pursuant to a written lease without being required to be the prevailing party; full attorneys' fees remain available only when landlords prevail against frivolous tenant appeals.
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Real estate brokers may use preprinted offer or sales contract forms containing provisions for buyer's agent commission or compensation, including earnest money forfeiture terms.
Legislative Description
Various Real Estate and Business Law Changes
Boards
Last Action
Ch. SL 2025-52
7/2/2025