semi-legal question, regarding NJ Licensed RE Agent. Owns property in NC. Looking soon to purchase another

Asked by Robert Brown, Princeton, NJ Fri Nov 7, 2008

Can property, which is owned by a NJ Licenced salesperson sell, to sell in NC - wherein salesperson is not Licenced (:nor has every had, nor had revoked) : Can property be sold as, "By Owner" vs having to advertise another NJ R E Company...?

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5
Caroline York, Agent, St Petersburg, FL
Fri Aug 3, 2012
In Florida if a sales agent is selling there own personal property in VA they do not need to have a VA license to do so. If a NY agent owns property in FL and wants to sell it as a By owner again they do not have to be licensed. However, if anyone sells real property that is not their own without having the proper license in FL it is a third degree felony. That question is not a semi-legal it is 100% legal but the person to ask would be at the North Carolina Real estate Commission. Please note that a realtor can be licensed in more than one state at a time.
0 votes
Derek Joyner, , Winston Salem, NC
Thu Nov 13, 2008
You can call your Realtors Association and they will tell you if your license will transfer to NC. However you should also know that the knowledge you will gain from using a local realtor will be worth what you will have to pay in fees.
0 votes
, , Ocean Isle Beach, NC
Sat Nov 8, 2008
If you own it you can sell it. As a NJ real estate agent I'm sure you understand using a REALTOR will be more effective then selling as a FSBO. If your property is in OIB contact me at akale@prucarolina.com, I'd enjoy paying you a nice referral.
0 votes
Larry Story, Agent, Greensboro, NC
Fri Nov 7, 2008
Robert your license will not transfer but as Daniel said I would advise that you disclose the fact that you are a licensed agent in NJ. You cannot practice here but, you can do a FSBO. If you like use one of the many flat fee brokerages. As long as you are willing to do all the marketing yourself. You know as well as anyone the advantages of having versus not having an agent. Here you are not licensed so you are treated just like any other homeowner. Although if you have any other specific legal questions contact the commission or a good RE attorney in the city/county where you property is. Maybe who you used to close the deal when you bought it.

Hope this helps,
0 votes
Daniel Eberw…, Agent, Clayton, NC
Fri Nov 7, 2008
Robert - you best bet is to call the NC Real Estate commission and ask this question, they'll let you know. To be safe I would recommend you disclose that you are a NJ Real Estate agent selling your own property.

http://www.ncrec.state.nc.us/contact-us/contact.html

That link will get you the contact phone numbers for the commission or call the main line at (919) 875-3700 The staff there is very friendly and helpful.
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