North Carolina § 44A-24 - 2. Definitions.
Full text of North Carolina North Carolina General Statutes § 44A-24 — 2. Definitions., with citation guidance and answers to common questions.
§ 44A-24. 2. Definitions.
The following definitions apply in this Part: Broker. - A real estate broker licensed pursuant to Chapter 93A of the General Statutes. Broker services. - Services for which a license issued by the North Carolina Real Estate Commission is required pursuant to Chapter 93A of the General Statutes. Commercial real estate. - Any real property or interest therein, whether freehold or nonfreehold, which at the time the property or interest is made the subject of an agreement for broker services: Is lawfully used primarily for sales, office, research, institutional, agricultural, forestry, warehouse, manufacturing, industrial, or mining purposes or for multifamily residential purposes involving five or more dwelling units; May lawfully be used for any of the purposes listed in sub-subdivision (3)a. of this section by a zoning ordinance adopted pursuant to the provisions of Article 18 of Chapter 153A or Article 19 of Chapter 160A of the General Statutes or which is the subject of an official application or petition to amend the applicable zoning ordinance to permit any of the uses listed in sub-subdivision (3)a. of this section which is under consideration by the government agency with authority to approve the amendment; or Is in good faith intended to be immediately used for any of the purposes listed in sub-subdivision (3)a. of this section by the parties to any contract, lease, option, or offer to make any contract, lease, or option. Commission. - Any compensation which is due a broker for performance of broker services. Lien claimant. - A broker claiming a lien pursuant to this Part. Owner. - The owner of record of any interest in commercial real estate. History (2011-165, s. 1; 2012-194, s. 15; 2017-211, s. 17.) Effect of Amendments. - Session Laws 2012-194, s. 15, effective July 17, 2012, substituted "sub-subdivision (3)a." for "subdivision (3)" twice in sub-subdivision (3)b. and once in sub-subdivision (3)c. Session Laws 2017-211, s. 17, effective October 5, 2017, inserted "agricultural, forestry" in subdivision (3)a
Frequently Asked Questions About North Carolina § 44A-24
What does North Carolina General Statutes § 44A-24 cover?
Section 44A-24 ("2. Definitions.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 44A-24?
A common citation format is "North Carolina General Statutes § 44A-24" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 44A-24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.