Practice Of Real EstateLicense LawMEDIUM
A listing broker in Apex is sorting out a file issue involving BIC eligibility, designation, and supervision. Which statement best applies under current North Carolina law?
Correct Answer
D) Form REC 2.25 is used to request BIC Eligible status and/or BIC designation.
Form REC 2.25 is used to request BIC Eligible status and/or BIC designation.
Answer Options
A
A broker becomes BIC Eligible only by filing a standard renewal form.B
REC 4.22 is the form used for BIC eligibility.C
WWREA is the form used to request BIC designation.D
Form REC 2.25 is used to request BIC Eligible status and/or BIC designation.Why This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
bic_eligibility_designation_and_supervisionbic_eligibledesignationdifficulty_3form_rec_2_25nc_license_lawnc_statenorth_carolinatiming_forms_exceptions_and_authority
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