Practice Of Real EstateLicense LawMEDIUM
An office manager in Boone is training a new associate on provisional broker status and activation. Which statement best applies under current North Carolina law?
Correct Answer
A) 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 cannot serve as broker-in-charge while still provisional.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 may be the BIC of a one-person office.Why This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
bicdifficulty_3nc_license_lawnc_statenorth_carolinaprovisional_brokerprovisional_broker_status_and_activationscenario_traps_edge_cases_and_enforcementsupervision
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