21 NCAC 58A .0505         REINSTATEMENT OF a LICENSE

(a)  The fee for reinstatement of a license that has been expired, revoked, or surrendered for less than two years shall be an amount equal to two times the current renewal license fee pursuant to Rule .0503 of this Section.

(b)  The reinstatement application form is available on the Commission's website and shall include the applicant's:

(1)           legal name;

(2)           mailing, physical, and email address;

(3)           telephone number;

(4)           previous license number;

(5)           Secretary of State identification number, if applicable;

(6)           social security number and date of birth, if applicable;

(7)           qualifying broker and broker-in-charge's legal name and license number, if applicable;

(8)           criminal record report from a designated criminal reporting service obtained within six months prior to application;

(9)           certification; and

(10)         signature.

(c)  An individual seeking reinstatement of a license that has been expired for less than six months shall:

(1)           submit the reinstatement fee pursuant to Paragraph (a) of this Rule;

(2)           disclose any criminal conviction, court-martial conviction, notarial commission sanction, or disciplinary action pursuant to Rule .0113 of this Section, including any conviction or disciplinary action incurred while the individual's license was expired; and

(3)           satisfy the license activation requirements of Rule .1703 of this Subchapter, if applicable.

(d)  An individual seeking reinstatement of a license that has been expired for six months but no more than two years or revoked or surrendered for no more than two years shall:

(1)           submit a complete reinstatement application pursuant to Paragraph (b) of this Rule;

(2)           submit the reinstatement fee pursuant to Paragraph (a) of this Rule; and

(3)           pass:

(A)          one Postlicensing course within six months prior to submitting a reinstatement application;

(B)          the "National" and "State" sections of the current license examination within 180 days after submitting a reinstatement application; or

(C)          the "State" section of the current license examination within 180 days after submitting a reinstatement application if the individual possesses an active broker license in another state.

(e)  An individual seeking reinstatement of a license that has been expired, revoked, or surrendered for more than two years shall submit a license application and application fee pursuant to G.S. 93A-4 and Rules .0301, .0302, and .0511 of this Subchapter.

(f)  A reinstated license shall be effective as of the date of reinstatement, not the date of initial licensure. If a license is reinstated after three years from the expiration, revocation, or surrender, the license shall be on provisional broker status pursuant to G.S. 93A-4(a1).

(g)  A business entity seeking reinstatement of a license shall submit:

(1)           the reinstatement fee pursuant to Paragraph (a) of this Rule if the license has been expired for less than six months;

(2)           the reinstatement fee and a complete reinstatement application pursuant to Paragraphs (a) and (b) of this Rule if the license has been expired for six months but no more than two years or revoked or surrendered for no more than two years; or

(3)           a firm license application pursuant to G.S. 93A-4 and Rules .0301, .0302, and .0502 of this Subchapter if the license has been expired, revoked, or surrendered for more than two years.

(h)  A broker seeking reinstatement of a license shall satisfy to the Commission that the broker possesses the character requisites pursuant to G.S. 93A-4(b).

History Note:        Authority G.S. 93A-3(c); 93A-4; 93A-38.5;

Eff. February 1, 1976;

Readopted Eff. September 30, 1977;

Temporary Amendment Eff. April 24, 1995 for a period of 180 days or until the permanent rule becomes effective, whichever is sooner;

Amended Eff. July 1, 2017; January 1, 2012; July 1, 2009; January 1, 2008; April 1, 2004; July 1, 2000; August 1, 1998; July 1, 1996; August 1, 1995; July 1, 1995;

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

Amended Eff. July 1, 2023; July 1, 2018.