1957_session laws_745_3
CHAPTER 744 AN ACT TO DEFINE, REGULATE AND LICENSE REAL ESTATE BROKERS AND REAL ESTATE SALESMEN IN NORTH CAROLINA AND TO CREATE THE NORTH CAROLINA REAL ESTATE LICENSING BOARD AND DEFINE ITS POWERS AND DUTIES, AND TO PROVIDE PENALTIES FOR THE VIOLATION OF THE PROVISIONS OF THE ACT. The General Assembly of North Carolina do enact:
Definitions and Exceptions. (a) That a real estate broker within the meaning of this Act is any person, partnership, association, or corporation, who for a compensation or valuable consideration or promise thereof sells or offers to sell, buys or offers to buy, auctions or offers to auction, (specifically not including a mere crier of sales) or negotiates the purchase or sale or exchange of real estate, or who leases or offers to lease, or who sells or offers to sell leases of whatever character, or rents or offers to rent any real estate or the improvement thereon, for others, as a whole or partial vocation. (b) The term real estate salesman within the meaning of this Act shall mean and include any person who, for a compensation or valuable consideration is associated with or engaged by or on behalf of a licensed real estate broker to do, perform or deal in any act, acts or transactions set out or comprehended by the foregoing definition of real estate broker. (c) The provisions of this Act shall not apply to and shall not include any person, partnership, association or corporation, who, as owner or lessor, shall perform any of the acts aforesaid with reference to property owned or leased by them, where such acts are performed in the regular course of or as an incident to the management of such property and the investment therein; nor shall the provisions of this Act apply to persons acting as atterney-in-fact under a duly executed power of attorney from the owner authorizing the final consummation of performance of any contract for the sale, lease or exchange of real estate, nor shall this Act be 664 construed to include in any way the acts or services rendered by an attorney at law; nor shall it be held to include, while acting as such, a receiver, trustee in bankruptcy, guardian, administrator or executor or any such person acting under order of any court, nor to include a trustee acting under a trust agreement, deed of trust or will, or the regular salaried employees thereof, and nothing in this Act shall be so construed as to require a license for the owner, personally, to sell or lease his own property.