North Carolina License Law
To become a Broker-in-Charge (BIC) in NC, a broker must:
AOnly pass the licensing exam a second time
BHold a full broker license for 2+ years, complete 12 hours of BIC-specific education, and be designated by the firm✓ Correct
CHave a college degree in real estate
DBe approved by a vote of the local REALTOR association
Explanation
NC requires a BIC to hold an active full (non-provisional) broker license, have been on active status for at least 2 of the previous 3 years, complete a 12-hour Broker-in-Charge course (initial) and the BIC Annual Review course each year, and be properly designated.
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Key Terms to Know
Fee Simple
The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
State-Specific Concepts
Broker Supervision
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