After his primary education, the family moved to Belgrade where young Prelić finished high school and Law Faculty.

Prelić also took part as a member of the Assembly of Serbs in Ottoman Empire in Skoplje, which first met in February 1909 and was active until the end of that year when it was banned by the Young Turks.

[2] He was one of ten members in the Central Committee which also included president Bogdan Radenković, Vasa Jovanović, Gligorije Elezović, Milan Čemerikić, Sava Stojanović, Aleksandar Bukvić, David Dimitrijević, Đorđe Hadži-Kostić, and Jovan Šantrić.

On 13 January 1928, Velimir Prelić was shot by Mara Buneva,[5] a prominent Internal Macedonian Revolutionary Organization member.

During the Bulgarian occupation of the Kingdom of Yugoslavia from 1941 to 1945, at the site of the assassination, there was a memorial plaque honoring Mara Buneva, which was removed by the Macedonian government after the war.