US Legal Forms
Forms Kit
Agreements - Agreement Forms
Multi-State
Listing Agreement With A Broker Or Realtor To Sell Commercial...

Broker Commercial Estate Without A License In North Carolina

Q: Do business brokers need a license in NC?

There is no business broker in North Carolina. However, you do need a special license to broker a business opportunity that involves the sale or lease (including subleases, lease assignments and lease renegotiations) of real estate.

Q: Can I wholesale real estate without a business?

While an LLC isn&#039;t legally required for wholesale real estate, nor does it replace the need for due diligence and a strong understanding of real estate law, its potential benefits make it a worthy consideration for serious real estate investors.

Category:

Real Estate - Brokers

State:

Multi-State

Control #:

US-00439BG

Format:

Instant download

Description

The Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate in North Carolina is designed for sellers seeking to engage a licensed agent for the exclusive sale of their property. This form establishes an agreement between the seller and the agent, granting the agent sole rights to sell the property described in the document. Key features include the specification of the sale price, terms of payment, duration of the agreement, and conditions under which commissions are paid. The form also outlines the responsibilities of the agent, such as inspecting the property, advertising, and keeping the seller informed of progress. Users can edit the form to include specific property details, pricing, and commission percentages based on their unique requirements. This agreement is particularly useful for attorneys, partners, and legal assistants involved in real estate transactions, as it provides a clear framework for seller-agent relationships. Legal professionals can utilize this form to ensure compliance with North Carolina laws governing real estate transactions, making it crucial for effective commercial estate dealings without a license.

Agreement commercial property for lease

View this form

Exclusive listing agreement statements for all residential dwellings

View this form

Apartment Rental Agreement

View this form

Form popularity

FAQ

There is no “business broker” in North Carolina. However, you do need a special license to broker a business opportunity that involves the sale or lease (including subleases, lease assignments and lease renegotiations) of real estate.

While an LLC isn't legally required for wholesale real estate, nor does it replace the need for due diligence and a strong understanding of real estate law, its potential benefits make it a worthy consideration for serious real estate investors.

No, a wholesaler in North Carolina will not need a real estate license as long as their actions do not violate established license and real estate law in the state. Some wholesalers in the state consider earning a real estate license as this would increase their knowledge about the market and the real estate business.

A wholesale merchant must register with the Department and obtain a Certificate of Registration before engaging in business in this state.

A limited nonresident commercial broker (LCB) license is a license issued to a person who: does NOT live in North Carolina (NC), has an active real estate broker or salesperson license in another state, wants to enter NC to engage in a commercial transaction as an affiliated agent with his/her out-of-state brokerage ...

Investors can buy and sell properties for their personal portfolios without a real estate license. This exemption applies when purchasing properties as investments and later reselling them. However, the moment investors represent others or earn commissions, licensing becomes mandatory.

Commercial Real Estate Broker Salary in Charlotte, NC Annual SalaryHourly Wage Top Earners $285,201 $137 75th Percentile $273,500 $131 Average $191,680 $92 25th Percentile $29,300 $14

Applicants are required to take and pass a written driver test, a basic control test, and a road driving skills test in the type of vehicle you are applying to drive. Depending on where you live, the vehicle may be provided for you or you will have to provide your own.