Sandra is a licensed broker in South Carolina who currently serves as the Broker-in-Charge of a Charleston office. Her firm wants to open a second office in Mount Pleasant and asks Sandra to serve as BIC for both locations. Under South Carolina law, how should Sandra respond?
Correct Answer
D) Sandra may not serve as BIC for both offices simultaneously; each office must have its own designated Broker-in-Charge
Under S.C. Code Ann. § 40-57-360, a Broker-in-Charge may only serve as BIC for one office location at a time under normal circumstances. The Mount Pleasant office is a separate location and therefore requires its own designated BIC. Sandra cannot simultaneously hold the BIC designation for both the Charleston and Mount Pleasant offices.
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Related Topics & Key Terms
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Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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