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Practice Of Real EstateLicense LawMEDIUM

A Mooresville broker is reviewing BIC eligibility, designation, and supervision. Which statement is NOT accurate under current North Carolina law?

Correct Answer

D) A BIC may delegate compliance responsibility completely to an unlicensed office manager.

This choice is the inaccurate statement. The other three options describe the current North Carolina rule or guidance more accurately.

Answer Options
A
Form REC 2.25 is used to request BIC Eligible status and/or BIC designation.
B
BIC Eligible status generally requires an active North Carolina broker license that is not provisional.
C
A broker seeking BIC Eligible status must have two years of full-time brokerage experience or equivalent within the previous five years.
D
A BIC may delegate compliance responsibility completely to an unlicensed office manager.

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Related Topics & Key Terms

Key Terms:

bic_eligibility_designation_and_supervisionbic_eligiblecore_rules_and_definitionsdifficulty_3form_rec_2_25nc_license_lawnc_statenorth_carolinaoffice_compliancereversetwo_years_experience
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