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Practice Of Real EstateLicense LawEASY

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

Correct Answer

A) The BIC course may be taken at any time after designation with no deadline.

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

Answer Options
A
The BIC course may be taken at any time after designation with no deadline.
B
A broker must first obtain BIC Eligible status before being designated as a broker-in-charge.
C
If a designated BIC assumes responsibility for a trust account, the Basic Trust Account Procedures Course must be completed within 120 days.
D
Failure to complete the required BIC education by the 120-day deadline can terminate BIC Eligible status and any BIC designation tied to it.

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Related Topics & Key Terms

Key Terms:

120_daysbic_coursebic_eligibility_designation_and_supervisionbic_eligiblecore_rules_and_definitionsdesignationdifficulty_1nc_license_lawnc_statenorth_carolinareverse
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