Which type of legal entity can revoke a broker's license in North Carolina?

In North Carolina, the Real Estate Commission is the governing body responsible for regulating real estate practices within the state, including the licensing of brokers. This commission has the authority to enforce real estate laws and regulations, as well as to revoke or suspend a broker’s license for various reasons, such as violating real estate laws, ethical breaches, or failure to comply with established regulations.

The commission’s role as a regulatory authority ensures that it can take necessary actions to protect the public by ensuring that all licensed real estate professionals adhere to the required standards of conduct. This ability to revoke licenses is an important function of the commission, as it directly impacts the integrity of real estate transactions and the professionalism of those operating in the market.

Other entities listed in the options do not hold this specific authority concerning real estate broker licenses. The State Board may have regulatory powers in various professional fields, but it does not directly revoke real estate licenses. The Department of Revenue handles taxation issues and is not involved in licensing or disciplinary actions related to real estate brokers. Lastly, the local Housing Authority primarily focuses on housing standards and assistance programs, rather than licensing or regulating real estate professionals.