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BIC Course FAQs |
Question |
Answer |
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1 |
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.
Qualification requirements for BIC Eligible status are set forth in Commission Rule 58A .0110(e) and include the requirement to complete the 12-hour Broker-in-Charge Course no earlier than one year prior to and no later than 120 days after application for the status. |
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2 |
How can I register for the 12-hour BIC Course and what is the cost? | To register for the 12-hour BIC Course, go to https://learn.ncrec.gov/. The registration fee is $110. |
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3 |
Where is the 12-hour BIC Course held? | The 12-hour BIC course is a distance course, meaning it is a self-paced, online course. |
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4 |
Do I need to take the 4-hour Trust Account course if I am taking the 12-hour BIC Course? |
Commission rule 58A .0110(g)(9) dictates that “(g) A designated BIC shall: complete the Commission's Basic Trust Account Procedures
Course within 120 days of assuming a trust account in accordance with G.S. 93A-6(g).”
To register for the Basic Trust Account Procedures Course, go to https://learn.ncrec.gov/. The Trust Account course does provide CE Elective credit. |
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5 |
I currently hold BIC Eligible status. Do I have to retake the 12-hour BIC course if my license expires or goes inactive? | Yes, if you wish to regain BIC Eligible status. However, your license must be returned to current, active status first. Refer to Rule 58A .0110. |
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6 |
I am a nonresident. Do I have to take the 12-hour BIC Course in order to obtain BIC Eligible status? | Yes. |