Eleanor is the Broker-in-Charge of a Beaufort, South Carolina real estate office. She is also a licensed attorney and argues that her legal training gives her a comprehensive understanding of real estate transactions, making the 6-hour BIC-specific continuing education requirement during each renewal cycle redundant for her. She therefore skips the BIC CE for her current renewal cycle and completes only the standard 10-hour general CE. At renewal, SCREC reviews her CE records. Which of the following outcomes is most consistent with South Carolina law?
Correct Answer
D) SCREC may refuse to renew Eleanor's license as BIC or take disciplinary action because the 6-hour BIC-specific CE is a mandatory, non-waivable renewal requirement for Brokers-in-Charge
Under SCREC Regulation 36-3, the 6-hour BIC-specific continuing education requirement is a mandatory condition for renewal of the BIC designation. It is not waivable based on professional background, legal training, or any other claimed equivalency. Eleanor's failure to complete the BIC CE means she has not met all renewal requirements applicable to her BIC status. SCREC may refuse to renew her BIC designation or initiate disciplinary proceedings for non-compliance.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
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.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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