If you have received the dreaded brown envelope from the North Carolina Real Estate Commission notifying you of an investigation or inquiry instigated by a complaint, one of the first things going through your mind is what the worst-case scenario might be if they determine discipline is warranted. Whether you know you made a mistake or you know you didn’t, you need a real estate attorney to represent you. They can help you defend your position or help you get the most favorable outcome possible. Here are the possible outcomes if the Real Estate Commission determines you have violated either their rules or Real Estate license law:
- Reprimand– Public statement, although your license remains active.
- Suspension of license– A period of time will be determined wherein you cannot engage in real estate brokerage activities.
- Revocation of license– You are no longer allowed to practice as a real estate broker. However, you can appeal and potentially petition to get your license back under certain situations.
- Fine– Applicable to time-share transactions only.
While the first two may seem relatively minor to get through, keep in mind that they are part of your record and accessible by the public. This means they can adversely affect your career as a real estate broker. It is always best to have an attorney help you avoid disciplinary action if at all possible.
Reach out to us at The Brown Envelope Attorney if you have received notification from the North Carolina Real Estate Commission that an investigation has begun. The sooner we can sit down with you to go over the complaint, the better.