EstatePass
Practice Of Real EstateLicense LawMEDIUM

An exam-prep coach in Greensboro 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 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 firm license alone makes the owner the BIC under current North Carolina rules
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 broker may skip BIC Eligible status if the office has fewer than two licensees.

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

bicbic_eligibility_designation_and_supervisionbic_eligibledesignationdifficulty_3nc_license_lawnc_statenorth_carolinascenario_traps_edge_cases_and_enforcement
Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing