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North CarolinaSB 6902025-2026 SessionSenateWALLET

Various Real Estate and Business Law Changes.

Sponsored By: David W. Craven, Jr. (Republican), Steve Jarvis (Republican), Dana Jones (Republican)

Signed by Governor

APPRAISAL BOARDAPPRAISALSBOARDSLICENSING & CERTIFICATIONOCCUPATIONSPRESENTEDPUBLICRATIFIEDREAL ESTATECHAPTERED

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 0 costs, 1 mixed.

Eviction legal costs for tenants

Landlords can charge tenants court filing fees and service-of-process costs. They can also recover reasonable attorneys’ fees owed under a written lease. Attorneys’ fees are capped at 15% of the amount owed, or 15% of one month’s rent if the case is not for nonpayment. If a tenant appeals and the landlord wins, a court can award all actual reasonable attorneys’ fees if the appeal was frivolous, unreasonable, without foundation, in bad faith, or only to delay. These rules apply starting September 9, 2024.

New tech path to appraiser license

Beginning January 1, 2026, you can meet the certified residential appraiser experience requirement by completing an approved PAREA program and submitting 15 residential appraisals to the Appraisal Board. The Board reviews five of those for USPAP compliance. This alternative path ends December 31, 2030.

Securities salespeople can join related dealers

Starting October 1, 2025, a securities salesperson may register with more than one dealer when the dealers are under common ownership or control, or when the Administrator allows it by rule or order. Before this change, multiple registration was not allowed.

Brokers can use forms with commissions

Until the Real Estate Commission adopts a permanent rule, brokers may use preprinted offer or sales contract forms that state how a broker or firm is paid and when earnest money can go to a broker or firm. The Commission must later adopt a permanent rule with the same permission. The temporary rule ends when the permanent rule starts.

Sponsors & Cosponsors

Sponsors

  • David W. Craven, Jr.

    Republican • Senate

  • Steve Jarvis

    Republican • Senate

  • Dana Jones

    Republican • Senate

Cosponsors

  • Woodson Bradley

    Democratic • Senate

  • Michael A. Lazzara

    Republican • Senate

  • Timothy D. Moffitt

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 309 • No: 5

Senate vote • 6/25/2025

SB 690: Various Real Estate and Business Law Changes.

Yes: 45 • No: 0 • Other: 5

House vote • 6/24/2025

SB 690: Various Real Estate and Business Law Changes.

Yes: 108 • No: 3 • Other: 8

House vote • 6/24/2025

SB 690: Various Real Estate and Business Law Changes.

Yes: 109 • No: 2 • Other: 8

Senate vote • 5/7/2025

SB 690: Modify Licensing Real Est. Appraisers.

Yes: 47 • No: 0 • Other: 3

Actions Timeline

  1. Ch. SL 2025-52

    7/2/2025Senate

  2. Signed by Gov. 7/2/2025

    7/2/2025Senate

  3. Pres. To Gov. 6/27/2025

    6/27/2025Senate

  4. Ratified

    6/26/2025Senate

  5. Ordered Enrolled

    6/25/2025Senate

  6. Concurred In H Com Sub

    6/25/2025Senate

  7. Placed on Today's Calendar

    6/25/2025Senate

  8. Withdrawn From Com

    6/25/2025Senate

  9. Ref To Com On Rules and Operations of the Senate

    6/25/2025Senate

  10. Special Message Received For Concurrence in H Com Sub

    6/25/2025Senate

  11. Special Message Sent To Senate

    6/25/2025House

  12. Ordered Engrossed

    6/24/2025House

  13. Passed 3rd Reading

    6/24/2025House

  14. Passed 2nd Reading

    6/24/2025House

  15. Amend Adopted A1

    6/24/2025House

  16. Added to Calendar

    6/24/2025House

  17. Cal Pursuant Rule 36(b)

    6/24/2025House

  18. Reptd Fav

    6/24/2025House

  19. Re-ref Com On Rules, Calendar, and Operations of the House

    6/24/2025House

  20. Reptd Fav Com Substitute

    6/24/2025House

  21. Re-ref to the Com on Judiciary 1, if favorable, Rules, Calendar, and Operations of the House

    6/19/2025House

  22. Withdrawn From Com

    6/19/2025House

  23. Ref To Com On Rules, Calendar, and Operations of the House

    5/8/2025House

  24. Passed 1st Reading

    5/8/2025House

  25. Special Message Received From Senate

    5/7/2025House

Bill Text

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