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Practice Of Real EstateLicense LawHARD

An office manager in New Bern is answering a client question about BIC eligibility, designation, and supervision. Which statement best applies under current North Carolina law?

Correct Answer

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.

Failure to complete the required BIC education by the 120-day deadline can terminate BIC Eligible status and any BIC designation tied to it.

Answer Options
A
The 120-day deadline applies only to elective CE and not to BIC eligibility.
B
Missing the 120-day BIC course deadline has no effect if the broker is already designated.
C
A broker who misses the deadline remains BIC indefinitely unless a complaint is filed.
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_designationbic_eligibility_designation_and_supervisiondifficulty_5nc_license_lawnc_statenorth_carolinaterminationtiming_forms_exceptions_and_authority
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