Topics for the General Update and Broker-in-Charge Update (BICUP) Courses are as follows:
General Update: RESPA/HUD-1 changes, revisions to the Vacation Rental Act, Safety Update, Mineral and Oil and Gas Disclosure, Commission Rule and NCAR Forms update, and Licensing and Education Issues.
Broker-in-Charge Update (BICUP): All of the General Update Course topics, plus How to Handle Complaints and a review of Rule A.0116, Trust Money Handling Procedures, but not record-keeping requirements.
All non-BIC licensees must take the four-hour General Update Course and a four-hour elective course between July 1 and June 10 each licensing year after first license renewal and prior to second renewal.
Brokers who are acting as a broker-in-charge or who are broker-in-charge eligible (i.e., previously declared as BIC and satisfied both qualification requirements, but later stepped down) must take the BICUP Course plus one four-hour elective course between July 1-June 10 each licensing year. The BICUP Course will satisfy the broker’s Update Course requirement, and maintain broker-in-charge eligibility.
This article came from the May 2015-Vol46-1 edition of the bulletin.