North Carolina License Law
Under NC license law, a broker's license may be suspended rather than revoked if NCREC determines the violation was:
AExtremely serious and involved fraud
BLess serious, correctable through additional education or supervision✓ Correct
CCriminal in nature
DCommitted against a minor
Explanation
NCREC has the discretion to impose a range of sanctions based on the severity of the violation. Suspension (temporary removal of license privileges) is typically used for less serious violations that are correctable, while revocation (permanent) is reserved for serious, willful, or fraudulent misconduct.
Related North Carolina North Carolina License Law Questions
- If the NCREC pays a Recovery Fund claim on behalf of a licensee, what automatically happens to that licensee's license?
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