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Practice Of Real EstateLicense LawHARD

An office manager in Boone is training a new associate on BIC eligibility, designation, and supervision. Which statement best applies under current North Carolina law?

Correct Answer

C) A BIC supervises affiliated brokers and is responsible for office compliance with the License Law and Commission Rules.

A BIC supervises affiliated brokers and is responsible for office compliance with the License Law and Commission Rules.

Answer Options
A
Once a firm hires a closing attorney, the BIC no longer bears office compliance responsibility.
B
A BIC may delegate compliance responsibility completely to an unlicensed office manager.
C
A BIC supervises affiliated brokers and is responsible for office compliance with the License Law and Commission Rules.
D
A BIC supervises only provisional brokers, not full brokers.

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Related Topics & Key Terms

Key Terms:

bicbic_eligibility_designation_and_supervisiondifficulty_4nc_license_lawnc_statenorth_carolinaoffice_compliancescenario_traps_edge_cases_and_enforcementsupervision
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