law

Provisional Broker and Broker-in-Charge (North Carolina)

North Carolina has not issued salesperson licenses since 2006; every individual licensee is a broker. A newly licensed broker holds provisional status until postlicensing education is completed. A provisional broker must be supervised by a broker-in-charge (BIC) to be on active status and may be paid only through the BIC or firm. A provisional broker cannot be a BIC, a firm's qualifying broker or an independent sole proprietor. Every office offering brokerage to the public must have a BIC.