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NC S690

Bill

Status

Passed

7/2/2025

Primary Sponsor

David Craven

Click for details

Origin

Senate

2025-2026 Session

AI Summary

  • 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.

  • Securities salesmen may now register with multiple dealers if those dealers are under common ownership or control, effective October 1, 2025.

  • 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.

  • 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

Committee Referrals

Rules and Operations of the Senate6/25/2025
Rules, Calendar, and Operations of the House6/24/2025
Judiciary I6/19/2025
Rules, Calendar, and Operations of the House5/8/2025
Rules and Operations of the Senate5/6/2025
Commerce and Insurance4/14/2025
Rules and Operations of the Senate3/26/2025

Full Bill Text

No bill text available