NORTH CAROLINA GENERAL ASSEMBLY
1975 SESSION

CHAPTER 112
SENATE BILL 169

AN ACT TO AMEND G.S. 93A-4, RELATING TO THE RENEWAL OF REAL ESTATE LICENSES, SO AS TO PERMIT THE REAL ESTATE LICENSING BOARD TO RENEW LICENSES FOR A PERIOD OF THREE YEARS.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 93A-4(c), as the same appears in the 1974 Cumulative Supplement to Volume 2C of the General Statutes, is amended by striking the period at the end of the second sentence thereof, and substituting a comma and adding the following:
"provided, the Board may by regulation require the renewal of such licenses for periods not exceeding three years upon payment of a renewal fee of ten dollars ($10.00) for each twelve-month period; provided further, that in the event of the licensee's death, removal to another state or upon voluntary surrender of the renewed license the Board shall, upon written application by the licensee or his estate, (administrator, executor, or personal representative) refund the amount of the renewal fee prepaid for the unexpired license year or years other than the current year and the renewal receipt or pocket card shall contain notice of this refund provision."
Sec. 2.  This act shall become effective on January 1, 1976.
In the General Assembly read three times and ratified, this the 8th day of April, 1975.