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Practice Of Real EstateLicense LawMEDIUM

A Mooresville broker is updating the policy manual on provisional broker status and activation. Which statement best applies under current North Carolina law?

Correct Answer

D) A provisional broker cannot serve as broker-in-charge while still provisional.

A provisional broker cannot serve as broker-in-charge while still provisional.

Answer Options
A
A provisional broker may be the BIC of a one-person office.
B
A provisional broker may be designated BIC after one year of active practice even without completing Postlicensing.
C
A provisional broker may be BIC if the office holds no trust money.
D
A provisional broker cannot serve as broker-in-charge while still provisional.

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Related Topics & Key Terms

Key Terms:

biccore_rules_and_definitionsdifficulty_3nc_license_lawnc_statenorth_carolinaprovisional_brokerprovisional_broker_status_and_activationsupervision
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