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Practice Of Real EstateLicense LawEASY

A buyer representative in Greenville is revising a training memo on BIC eligibility, designation, and supervision. Which statement is NOT accurate under current North Carolina law?

Correct Answer

A) Any two calendar years since licensure automatically satisfy the experience rule.

This choice is the inaccurate statement. The other three options describe the current North Carolina rule or guidance more accurately.

Answer Options
A
Any two calendar years since licensure automatically satisfy the experience rule.
B
The 12-hour Broker-in-Charge Course must be completed within one year before application or within 120 days after BIC Eligible status is granted.
C
Form REC 2.25 is used to request BIC Eligible status and/or BIC designation.
D
A broker must first obtain BIC Eligible status before being designated as a broker-in-charge.

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Related Topics & Key Terms

Key Terms:

120_daysbic_eligibility_designation_and_supervisionbic_eligibledesignationdifficulty_1nc_license_lawnc_statenorth_carolinareversescenario_traps_edge_cases_and_enforcementtwo_years_experience
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