South Carolina License Law
A South Carolina broker-in-charge (BIC) has which of the following responsibilities?
AOnly handling commission disbursements
BSupervising affiliated licensees and maintaining the brokerage's trust accounts and records✓ Correct
CSetting commission rates for the entire market
DApproving all purchase contracts before they are presented
Explanation
The broker-in-charge is responsible for supervising affiliated licensees, maintaining proper trust accounts, ensuring compliance with South Carolina real estate law, and overseeing the brokerage's records and operations.
Related South Carolina South Carolina License Law Questions
- Which of the following is NOT a requirement for a South Carolina real estate license application?
- Under South Carolina law, a broker-in-charge (BIC) is responsible for:
- South Carolina's Trust Fund Accounting rules require brokers to deposit earnest money into a trust account within:
- A South Carolina real estate salesperson who wishes to become a broker must:
- A real estate school in South Carolina must be approved by:
- A South Carolina licensee who fails to complete continuing education by the renewal deadline will have their license:
- In South Carolina, dual agency is:
- Under SCREC regulations, when must a South Carolina licensee present all written offers to a seller?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →