Post Licensing
Time to Take the Next Step!!!
You now have your license and that provisional status that requires some extra training! You must now take 3 30-hour courses in order to remove the provisional status from your license. At least one of these courses must be completed each year prior to the broker’s license anniversary date. The courses may, however, be taken sooner, if the broker chooses to do so. These courses may be taken in any order and they are as follows:
#301 Broker Relationships & Responsibilities
The primary objective of the course is to provide instruction at a level beyond that provided in Pre-licensing courses on topics deemed to be of special importance to licensees. Topics addressed in this course include: a review of agency relationships in real estate residential and commercial sales and commercial property management transactions, a real estate broker’s legal duties to clients and customers, a step-by-step review and discussion of the functions and responsibilities of a real estate broker when working with sellers and buyers, a review of issues associated with transactions in progress when a broker leaves a firm, and a review of license status and education issues.
#302 Contracts to Close
The primary objective of the course is to provide instruction at a level beyond that provided in Prelicensing courses on topics deemed to be of special importance to licensees. Topics addressed in this course include: selected basic contract law concepts, real estate sales contract preparation, sales contract procedures, buyer’s due diligence, closing procedures,Real Estate Settlement Procedures Act, closing disclosure preparation, contracts for deed, options, and selected real estate license status and education issues.
#303 NC License Laws, Rules and Concepts
The primary objective of the course is to provide instruction at a level beyond that provided in Pre-licensing courses on topics deemed to be of special importance to licensees. Topics addressed in this course include general North Carolina licensing requirements, brokerage compensation issues, the disciplinary process, specialized types of real estate, property management in NC, and miscellaneous NC laws and legal concepts.
***NOTE***
- There will be an end of course exam for each class.
- A manual will need to be purchased separately unless you already own the current addition.
- Per NCREC Rules when taking post licensing 303 a copy of the Licensing, Laws and Rules must be purchased the cost is $4.00. We have included this price into the course price.
- We offer a discount of $20.00 when all 3 post licensing courses are taken at Terry Farr Real Estate School, Inc. Please call for a special coupon code to give you the discount when ordering your 3rd class online.
Q: How does Covid-19 affect the post licensing deadlines.
A: NCREC has given an extension to all Provisional Brokers as to the completion date of their post licensing. At this time an extension date has been set as of September 30, 2020. for those who needed to complete their post licensing while we have been in a state mandated lock down. If you are not sure if the extension period applies to you please contact the NCREC to verify your own dates. Terry Farr Real Estate School is offering post licensing and CE during this time if you should not want to wait. Please see our schedule above.
Q: When can I begin taking Post Licensing?
A: You can now begin taking any post licensing class after you have completed your pre-licensing class. Credit may not be given until you have passed the state licensing test and a license number has been issued to you. See NCREC.gov FAQ’s for more information on when credit will be given.
Q: How often can I take a Post Licensing class? This rule is set to be changed as of July 1, 2020
A: Per NCREC Licensing rule A.1904 (a)(3) Post licensing credit may be denied should a provisional broker attend a Post licensing course while concurrently attending a different Post licensing course at the same school or a different school if such concurrent attendance in the two courses resulted in the provisional broker participating in Post Licensing course sessions for more than 30 instructional hours in any given seven-day period.
Q: Do I have to take the Post Licensing courses in order; 301, 302, 303?
A: No you may take the courses in any order, however, they were designed to be taken in order.
Q: I waited until the last minute to take Post Licensing, can I get an extension? The rules for post licensing will be changing as of July 1, 2020 which may affect this rule as well.
A: Maybe? Per NCREC Licensing Rule A.1903, an extension could be granted if you can provide satisfactory evidence to the Commission for the delay. Per the rule, you will not be granted an extension if the Commission feels the reason for the delay was due to the provisional broker’s failure to obtain the required education in a timely manner. If this question does not satisfactorily answer your question, it would be wise to contact the Commission at (919)875-3700 to discuss your situation.
Q: How long do I have to complete my post licensing courses?
A: As of July 1, 2020 the rule will be all 3 courses must be completed within 18 months from the issuance of your license. If you have received your license prior to this date information should have been issued to you as to when all of your courses need to be completed. Please note the recent virus outbreak has created an extension period.