For those who are interested in jumping into a new career in real estate or those who simply want the knowledge base needed to handle their own real estate investments, the Broker Pre-Licensing Course is the jumping-off point to being licensed as a Real Estate Broker in North Carolina.
This 75 hour, introductory-level course (including examination) consists of instruction in basic real estate principles and practices. Included among the covered topics are real estate law, finance, brokerage, transaction closing, property valuation, property management, real estate taxation, and mathematics. Further instruction will be given in the areas of construction, land use, property insurance, and North Carolina Real Estate License Law. Emphasis is also placed on North Carolina Real Estate Commission Rules and Trust Account Guidelines.
Satisfactory completion of this course will qualify the student to take the North Carolina real estate broker license examination prescribed by the North Carolina Real Estate Commission. The required text for this class is "Modern Real Estate in North Carolina, Eighth Edition Update" by Gallaty, Allaway, Kyle, and Taylor, and a copy will be provided to each student.
CLASS CREDIT REPORTING: Please allow up to 15 days after completing your course for the Real Estate Commission to record your credit. The Pan School of Real Estate will report your course completion to the Commission for you. The certificate is for your records.
The Real Estate Broker Prelicense Course is an introductory level real estate principles and practices course (including examination) with heavy emphasis on real estate brokerage law and practice. The primary objectives of this course are (1) to provide students with the basic knowledge and skills necessary to act as a licensed real estate broker in a manner that protects and serves the public interest and (2) to prepare students for the real estate license examination. Major topics addressed in this course include basic real property law, property taxation, land use controls, environmental hazards, brokerage relationships and practices, real estate contracts, real estate financing, closing a real estate sale transaction, real estate valuation, fair housing, landlord and tenant, property management, federal income taxation of real estate, basic house construction, basic real estate investment, the North Carolina Real Estate License Law and North Carolina Real Estate Commission Rules and Trust Account Guidelines. Satisfactory completion of this course will qualify the student to take the North Carolina real estate broker license examination. The required text for this class is "Modern Real Estate Practice in North Carolina, Eighth Edition Update" by Gallaty, Allaway, Kyle, and Taylor. The textbook is included with the cost of tuition.
While no high school diploma or General Equivalency Diploma (GED) is required for admission to the school, it is highly recommended. All students are advised that a general knowledge and understanding of reading and math skills is required for the Broker Pre-Licensing Course.
The tuition for this course is $435. The tuition covers 75 hours of class instruction. Also included in this tuition are the course textbook, workbook materials, access to software-based test preparatory materials on site at Pan School of Real Estate, and a final examination administered on-site at Pan School of Real Estate.
The school follows the North Carolina Real Estate Commission's policy that all students must attend a minimum of 80% of the scheduled class instruction time for any course. Attendance will be taken at every class session and any student who misses more than 20% of the scheduled class meeting time will not be eligible to sit for the final examination in that course. Time cannot be "traded" from other courses of the same title. A student must attend 80% of the scheduled class instruction time for the class in which that student is registered. This does not mean that students are expected or encouraged to miss any class time. All students are expected to be in every class session and will be solely responsible for the material missed during any absence.
Each of the pre-licensing courses offered by the school has a mandatory end of course examination. Students will be eligible to sit for the examination if they have met the above attendance requirements and they have completed all in-class and homework assignments over the duration of the course. The final grade of the course is based entirely on the score of the student's final examination. In Broker Pre-Licensing classes, students must obtain a score of 80% or better in order to pass the course.
Should a student fail an end of course examination, one re-take opportunity will be provided by the school within 30 days of the initial test date. This examination will be of the same type and length as the original, but will consist of different examination questions. Scheduling of re-take exams will be at the convenience of the school.
Once any course offered by the school is successfully completed, the student will receive a course completion certificate and their status will be updated with the North Carolina Real Estate Commission so that they may apply to sit for the state licensing examination.
Continuing Education - $95 for 8 hours when you preregister online or over the phone before the day of class! Walk ins are not eligible for this discount. Classes must occur on the same day, in-person to qualify.
Broker Post-Licensing - $215 for each course or $560 for all three! (To receive the discounted price, the full amount of $560 must be paid when registering for the first Post-Licensing class.)
Military Discount -We are proud to support our troops and offer a 25% discount to all active Military members or Veterans! Please call us at (919) 301-8764 for details.
The Military discount, if applicable, is extended from the Pan School of Real Estate and applies to tuition at the Pan School of Real Estate only. Any reporting fees or other costs associated with the NC Real Estate Commission are not discounted.