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Practice Of Real EstateLicense LawMEDIUM

An office manager in Carrboro is preparing an exam-prep note on BIC eligibility, designation, and supervision. Which statement best applies under current North Carolina law?

Correct Answer

B) A broker must first obtain BIC Eligible status before being designated as a broker-in-charge.

A broker must first obtain BIC Eligible status before being designated as a broker-in-charge.

Answer Options
A
A broker may skip BIC Eligible status if the office has fewer than two licensees.
B
A broker must first obtain BIC Eligible status before being designated as a broker-in-charge.
C
A broker becomes a BIC automatically when opening an office.
D
A firm license alone makes the owner the BIC under current North Carolina rules

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Related Topics & Key Terms

Key Terms:

bicbic_eligibility_designation_and_supervisionbic_eligibledesignationdifficulty_3nc_license_lawnc_statenorth_carolinatiming_forms_exceptions_and_authority
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