What role does the North Carolina General Assembly play in real estate?

The North Carolina General Assembly plays a critical role in enacting laws related to real estate practices within the state. This legislative body is responsible for creating the legal framework that governs all aspects of real estate, including property transactions, land use, zoning, and licensing requirements for real estate professionals. By passing relevant statutes, the General Assembly shapes the regulatory landscape that real estate agents and brokers must follow, ensuring that practices align with state policies and consumer protection standards.

While other entities, such as the North Carolina Real Estate Commission, manage the administration and regulation of real estate licensing and oversee agent conduct, it is ultimately the General Assembly that determines the statutory basis for these regulations. This distinction highlights the legislative power exercised by the General Assembly in establishing the rules under which real estate transactions and practices occur in North Carolina.