Thomas is the Broker-in-Charge of a Columbia real estate office. He is planning a two-week international vacation and wants to designate his most experienced affiliated broker, Linda, to handle all BIC responsibilities while he is away. Linda has an active broker license but has never completed the 6-hour BIC course. Under South Carolina law, which of the following is correct?
Correct Answer
B) Linda may not assume BIC responsibilities because she has not completed the required 6-hour BIC course, and Thomas's office cannot operate without a qualified BIC
Under SCREC Regulation 36-3, a licensee must complete the 6-hour BIC course before assuming the BIC designation. Linda has not completed this course and therefore cannot lawfully serve as BIC, even temporarily. Thomas's absence does not transfer his BIC authority to an unqualified licensee. The office would need a qualified BIC in place for operations to continue lawfully during Thomas's absence.
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Related Topics & Key Terms
Key Terms:
Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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