Topics for the General Update Course (GENUP) and Broker-in-Charge Update Course (BICUP) during the 2016-2017 license year beginning July 1 are as follows:
Material facts: well and septic, underground storage tanks, bedrooms and permits
Recent case studies, e.g., well & septic, permits, HVAC repairs
License Law and Commission Rules Update including review of the Working with Real Estate Agents brochure, and new commission resources including videos. (See page 6 of this issue of the Bulletin for the topics of five new videos.)
License and education Issues
All topics of the GENUP course are included plus:
Broker-in=charge rule – supervisory duties, training, records retention, and advertising (the Broker-in-Charge Guide has been newly updated; see page 6 for details.)
Preferred vendors and exercising caution about marketing service agreements
Requirements to obtain and maintain broker-in-charge status and/or eligibility.
All North Carolina brokers with active status, other than those who are brokers-in-charge or broker-in-charge eligible, must take the four-hour GENUP course during the license year from July 1 to June 30. (An exception is made for newly license brokers in the year in which they receive their license.) Failure to complete the GENUP course will result in the status of a broker’s license being changed from active to expired.
All brokers-in-charge must take the four-hour BICUP course during each license year to maintain their status and/or eligibility.
This article came from the Feb 2016-Vol46-3 edition of the bulletin.