BIC Eligible Status and Declaration - NCREC
WebAs of July 1, 2018, in order to be designated as a Broker-in-Charge, a broker must first obtain BIC Eligible status. To qualify for BIC Eligible status, a broker must: hold a “full” broker license on Active status; have at least two years of full-time or four years of part-time real estate brokerage experience within the previous five years ...
BIC Course FAQs - NCREC
Web12-hour Broker-in-Charge (BIC) Course FAQs. Who has to take the 12-hour BIC Course? In order for a broker to be designated as a broker-in-charge (BIC) for a sole proprietorship, real estate firm, or branch office, a broker must first attain BIC Eligible status.
WebBroker-in-Charge (BIC) – The Broker who has been designated as the primary person having sole responsibility for the supervision and management of an office. Broker – Any licensee, other than BIC, who is affiliated with the firm; aka associate broker.
How to determine if you have BIC Eligible status
WebHave you ever wondered what Broker-in-Charge (BIC) Eligible status means? Do you know if you hold BIC Eligible status or if you meet the requirements to attain it? To determine whether you hold BIC Eligible status, log into your license record on the Commission’s website: go to www.ncrec.gov; click on …
NCREC Bulletins – All about BIC Eligibility Rules
WebAll about BIC Eligibility Rules. January 2008 the Commission instituted the concept of “broker-in-charge eligibility.”. Once a broker satisfies the initial requirements to qualify as a broker-in-charge, i.e., experience and completion of the 12-hour Broker-in-Charge Course, the broker will become BIC eligible.
How to Register for the 12-hour Broker-in-Charge (BIC) Course
WebEffective October 2019, the 12-hour BIC course is comprised of two segments, an 8-hour online prerequisite segment and a 4-hour live segment taught by Commission staff. Brokers will register for both segments of the 12-hour BIC course at the same time, and the registration fee will be $110.
NCREC Blog – BIC Eligibility
WebNCREC. BICAR. The Commission’s Broker-in-Charge Annual Review (BICAR) course is designed for and restricted to currently designated brokers-in-charge and brokers who are broker-in-charge eligible. A broker who is not a broker-in-charge or who is not broker-in-charge eligible will not receive credit for the BICAR course.
The 12-hour Broker-in-Charge (BIC) Course is new and improved!
WebThe 12-hour Broker-in-Charge (BIC) Course is new and improved! October 2019 ebulletin. Effective October 2019, the 12-hour BIC course is comprised of two segments, an 8-hour online prerequisite segment and a 4-hour live segment taught by Commission staff.
Continuing Education Information - NCREC
WebIn order to renew your license on active status, you must complete eight (8) hours of continuing education (CE) during each July 1 to June 10 license period. For brokers who DO NOT HAVE BIC Eligible Status, four (4) of the required CE credit hours must be obtained by completing the General Update course prescribed by the Commission.
CE Required for Brokers with BIC Eligible Status
WebCE Required for Brokers with BIC Eligible Status. March 2022 eBulletin. Do you have BIC Eligible status? Are you a designated BIC? Do you know which CE courses you need to take? Rule 58A .1702 requires brokers who hold BIC Eligible status to take the BICUP (Broker-in-Charge Update) course and one Commission-approved elective each year in …
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