To earn compensation, a Licensee must have what?

For a licensee to earn compensation for real estate services, maintaining a current and active license is essential. This requirement ensures that the licensee is legally authorized to engage in real estate activities and has met all necessary state regulations and standards. An active license reflects that the individual has completed any required continuing education and has complied with the state's licensing laws, which support consumer protection and professionalism in the industry.

Having an expired license would disqualify the individual from earning any compensation, as they are not legally authorized to conduct real estate transactions. A provisional license, while it may allow certain activities under specific circumstances, typically comes with limitations and conditions that might not fully qualify a licensee for compensation. Additionally, possessing a license from another state does not automatically permit an individual to earn compensation in North Carolina unless specific reciprocal or licensing procedures are followed. Thus, the requirement for a current and active license is fundamental for a licensee to be eligible for compensation in their professional transactions.