Broker-in-Charge Rachel is renewing her license for the upcoming two-year cycle in South Carolina. She is aware that standard licensees must complete 10 hours of continuing education. How many total continuing education hours must Rachel complete as a BIC during each two-year renewal cycle?
Correct Answer
C) 16 hours total, consisting of 10 standard CE hours plus 6 BIC-specific CE hours
Under SCREC regulations, a Broker-in-Charge in South Carolina must complete 16 total continuing education hours per two-year renewal cycle: the standard 10 hours required of all licensees (including a mandatory 4-hour core course) PLUS an additional 6 hours of BIC-specific continuing education. These BIC-specific hours are in addition to, not a substitute for, the standard CE requirement.
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Related Topics & Key Terms
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Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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