21 NCAC 58A .1806         LIMITATIONS

(a)  A person licensed under this Section may act as a real estate broker in this state only if:

(1)           he or she does not reside in North Carolina;

(2)           the real property interest which is the subject of any transaction in connection with which he or she acts as a broker in this state is commercial real estate as that term is defined in Rule .1802 of this Section; and

(3)           he or she is affiliated with a resident North Carolina real estate broker as required in Rule .1807 of this Section.

(b)  A nonresident commercial real estate broker licensed under the provisions of Section .1800 of this Subchapter shall not act as or serve in the capacity of a broker-in-charge of a firm or office in North Carolina.

History Note:        Authority G.S. 93A-4; 93A-9;

Eff. July 1, 2004;

Amended Eff. April 1, 2006;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 1, 2018.