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Practice Of Real EstateLicense LawMEDIUM

A broker-in-charge in Mooresville is answering a client question about BIC eligibility, designation, and supervision. Which statement best applies under current North Carolina law?

Correct Answer

B) A broker seeking BIC Eligible status must have two years of full-time brokerage experience or equivalent within the previous five years.

A broker seeking BIC Eligible status must have two years of full-time brokerage experience or equivalent within the previous five years.

Answer Options
A
Any two calendar years since licensure automatically satisfy the experience rule.
B
A broker seeking BIC Eligible status must have two years of full-time brokerage experience or equivalent within the previous five years.
C
Experience older than the rule permits automatically counts without Commission review.
D
A broker may count only future planned experience after designation.

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Related Topics & Key Terms

Key Terms:

bic_eligibility_designation_and_supervisionbic_eligibledifficulty_3experiencenc_license_lawnc_statenorth_carolinascenario_traps_edge_cases_and_enforcementtwo_years_experience
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