North Carolina License LawIntermediateNorth Carolina Exam
Under North Carolina license law, a broker-in-charge (BIC) is responsible for:
ASetting commission rates for the entire office
BSupervising provisional brokers and ensuring compliance with license lawCorrect
CApproving all purchase offers submitted by licensees, under this approach
DFiling tax returns on behalf of the brokerage
Why Supervising provisional brokers and ensuring compliance with license law Is Correct
Answer B: Supervising provisional brokers and ensuring compliance with license law
The broker-in-charge is responsible for supervising provisional brokers and ensuring the firm and its agents comply with North Carolina license law and Commission rules.
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