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Is your Address Up-To-Date with the Commission?
Commission Rule 58A .0103 states that brokers must update their home address and firm address within 10 days of any change. Brokers can easily update their home addresses in the Licensee portal. To update your home address:
- Go to the Commission website at NCREC.gov
- Scroll down to Licensee Login
- Enter your license number and password
- Select View/Update Your License Record
- Scroll down to update your addresses.
- Update your phone number and email address on this screen as well, if needed.
- Select Submit.
To update your firm address:
- Go to the Commission website at NCREC.gov
- Select Forms from the Main Menu
- Select Licensee Forms
- Select and complete the online form Firm/Office Address Change Request (Form REC 2.21)
No documentation is required to change your address. No fee is required.
License Activation: How Long Will This Take?
Here’s the situation: You just hit the submit button on the Commission’s website to request activation of your real estate license and/or to affiliate with a broker-in-charge. Once the License Activation and Broker Affiliation Form(Form REC 2.08) is successfully submitted, you will receive an automatically generated email stating that the form has been received by NCREC with a copy of the submitted form attached.
And now, you wait for confirmation that you hold an active license with your desired brokerage company. And you wait an hour… and you wait a day… and then you feel compelled to call or email the Commission to see why your request has not been processed yet. You don’t’ need to do that – at least, not yet!
As soon as the form was successfully submitted, you received an automatic but temporary 30-day license approval/activation. This temporary approval means you can consider yourself actively affiliated with the BIC identified in the form and begin practicing brokerage; however, this affiliation will not show up in your license record until the form is fully processed. Commission staff will process the form no later than the end of that 30-day period.
The Commission receives and processes between 500-1000 activation forms every month, plus other forms and inquiries. So, if you have not received written approval or denial of your request within 25 days, it would now be advisable for you to contact the Commission to see why you have not received any notice. If you receive notice that your request has been denied, you should immediately discontinue brokerage activity and contact the Commission to fully understand the reason for denial.
PROPERTY OWNERS’ ASSOCIATION MANAGERS
There is a lot of confusion regarding the management of property owners’ associations. Property owners’ associations are also known as homeowners’, community, condominium or commercial associations; we use the term property owners’ association (POA) here.
Many brokers are aware POA management does not require a license in North Carolina. However, they are less aware of the fact that BROKERS who are managing property owners’ associations must do so in compliance with the North Carolina Real Estate Commission license law and rules.
NC Real Estate Commission Rule A .0118 is specific to the management of property owners’ association trust money and requires the following:
(a) The funds of a property owners’ association, when collected, maintained, disbursed or otherwise controlled by a broker, are trust money and shall be treated as such in the manner required by Rules .0116 and .0117 of this Section. Such trust money shall be deposited into and maintained in a trust or escrow account dedicated exclusively for trust money belonging to a single property owners’ association and shall not be commingled with funds belonging to other property owners’ associations or other persons or parties. A broker who undertakes to act as manager of a property owners’ association or as the custodian of trust money belonging to a property owners’ association shall provide the association with periodic statements that report the balance of association trust money in the broker’s possession or control and account for the trust money the broker has received and disbursed on behalf of the association. Such statements must be made in accordance with the broker’s agreement with the association, but not less frequently than every 90 days.
(b) A broker who receives trust money belonging to a property owners’ association in his or her capacity as an officer of the association in a residential development in which the broker is a property owner and for which the broker receives no compensation is exempt from the requirements of Rules .0116 and .0117 of this Section. However, the broker shall not convert trust money belonging to the association to his or her own use, apply such money or property to a purpose other than that for which it was intended or permit or assist any other person in the conversion or misapplication of such money or property.
Periodic Statements
Brokers must account for all trust money they receive and disburse. In property owner association management, a periodic statement is used. Although no specific form or format is required, the periodic statement must set forth in a clear and concise fashion a complete accounting of all funds received and paid out by the broker along with a balance of the trust money in the broker’s control. The periodic statements must be provided by the broker to the property owners’ association in accordance with the property management agreement, but in no event less frequently than every ninety (90) days. The property owners’ association balance sheet and income statement of the funds in the broker’s control is sufficient to account to the association as periodic statements.
Exception
The only exception as found under Rule A.0118 (b) is limited to a broker who is:
- an officer of an association in a residential development in which the broker is a homeowner, and
- receives no compensation. (i.e., a volunteer)
Other rules to be aware of in relation to managing POAs are Rules A .0117 and A .0104. Rule A .0117 requires that brokers retain certain records. In addition to bank statements, cancelled checks, and a journal or check register, brokers must maintain the following records specific to property owner associations:
• For deposits of funds belonging to or collected on behalf of a property owner association, the deposit ticket or other evidence or memoranda of deposits or payments into the account whether by transfer between accounts, wire payments, or payments by electronic means. The documentation must identify the property or property interest for which the payment is made, the property or interest owner, the remitter, and the purpose of the deposit.
• A payment record for each property or interest for which funds are collected and deposited into a property owner association trust account. Payment records shall identify the amount, date, remitter and purpose of payments received, the amount and nature of the obligation for which payments are made, and the amount of any balance due or delinquency.
• Covenants, bylaws, meeting minutes, management agreements and periodic statements relating to the management of property owner associations, as well as copies of invoices, bills and contracts paid from the trust account and any other documents not otherwise described that are necessary to verify and explain recorded entries.
Licensees who undertake to manage a property owners’ association must enter into an agency agreement in accordance with Commission Rule A.0104 which reads in part, “…every agreement for services connected with the management of a property owners association shall be in writing and signed by the parties thereto.” All the other requirements for agency agreements under rule A.0104 also apply to property owners’ association agreements, such as the requirement to have a definite ending period and including anti-discrimination language within the agreement.
Common questions we receive:
Can the association’s board of directors have access to the account? No, the trust account must be in the name of the firm with the POA identified. It must be custodial; board members or people with an interest in the funds may not be signatories on the account. You can set up the bank account in way that they can see the funds but not actually have the ability to make changes to the account.
Can the money be in a money market account or certificate of deposit (CD)? Possibly. It must be a demand account. If you have a reserve account that meets the balance requirements for a money market, then it is likely permissible. A CD may be allowed if it meets these criteria:
- Be held at a federal depository institution
- Be federally insured
- Permit withdrawal on demand
- Have no penalty that would reduce the principal amount
Disciplinary Actions
DARREN C BATES (WAXHAW) – By Consent, the Commission suspended the broker license of Bates for a period of 9 months, effective February 14, 2025. The Commission found that Bates failed to report three criminal convictions to the Commission: Driving While Impaired in 2011; Hit and Run in 2018; and Violation of a 50B Domestic Violence Restraining Order on January 16, 2024. Bates also failed to fully respond to a Letter of Inquiry from the Commission within 14 days of receipt.
TIMOTHY M BEACH (CHARLOTTE) – By Consent, the Commission suspended the broker license of Beach for a period of 24 months, effective January 16, 2025. The Commission found that Beach brokered several residential transactions without properly executed listing agreements and without properly providing and reviewing the Working With Real Estate Agents Disclosure form. As a result, on at least one occasion, Beach was paid directly at closing, instead of through the firm.
BEYCOME BROKERAGE REALTY LLC (NORTH CAROLINA) – By Consent, the Commission suspended the firm license of Beycome Brokerage Realty LLC for a period of 12 months, effective February 28, 2025. The Commission then stayed the suspension in its entirety upon certain conditions. The Commission found that Beycome Brokerage Realty LLC advertised the square footage of a property for sale, and its affiliated brokers failed to either use reasonable skill, care, or diligence to ensure that the square footage of the structure was accurately measured, failed to confirm that the method used in measuring was reliable and up to date, and failed to hire a professional with greater expertise in measuring square footage to calculate the square footage measurements. Beycome did not respond to a Letter of Inquiry from the Commission within 14 days of receipt.
PAULA A DODGE (LENOIR) – By Consent, the Commission suspended the broker license of Dodge for a period of 12 months, effective February 15, 2025. The Commission then stayed the suspension in its entirety upon certain conditions. The Commission found that Dodge, on behalf of her landlord who was also her former client, collected $2,100 in rent from another tenant. Dodge did not expect a fee and deposited the cash payment in her personal bank account and sent a check to the landlord for the rent funds. The check was returned for insufficient funds and Dodge failed to repay the funds owed.
ANTHONY J GIGLIO (NORTH CAROLINA) – By Consent, the Commission suspended the broker license of Giglio for a period of 9 months, effective February 15, 2025. The Commission then stayed the suspension in its entirety upon certain conditions. The Commission found that Giglio submitted a firm application and reported a pending disciplinary action by the Colorado Division of Real Estate. The NC firm application was placed on hold pending resolution of that action. Giglio failed to timely report that he had entered into a Consent Order in Colorado in October 2023, which included seven complaints and resulted in a $15,000 fine and a three-month active suspension as well as additional required coursework. Giglio also failed to timely report a February 2024, Wisconsin disciplinary action which resulted in a 30-day suspension among other requirements.
KRISTOFF K JONES (RALEIGH) – By Consent, the Commission suspended the broker license of Jones for a period of 12 months, effective February 2, 2025. The Commission then stayed the suspension in its entirety upon certain conditions. The Commission found that Jones, acting as buyer agent for their buyer-client, negotiated a $750 credit in lieu of repairs. Jones failed to prepare a revised DDRA to reduce the agreement to writing resulting in the seller refusing to pay. Jones expressed to the listing agent and to the buyer-client that he would pay the $750 to the buyer due to his failure to get a written agreement. Jones failed to make the payment despite promising to do so. During the inquiry into the complaint, Jones failed to timely respond to multiple Letters of Inquiry from Commission staff.
SABRINA R MCMILLAN (RALEIGH) – Following a hearing, the Commission permanently revoked the broker license of McMillan effective January 2, 2025. The Commission found that McMillan performed property management services through an unlicensed entity and without being a designated Broker-in-Charge, failed to remit rental proceeds and a tenant security deposit to her landlord-client, failed to respond to multiple Letters of Inquiry, failed to provide requested documents to Commission representatives, and failed to maintain a current address on file with the Commission.
LORI A PRUSSOCK (JACKSONVILLE) – By Consent, the Commission permanently revoked the real estate license of Prussock, effective February 19, 2025. The Commission found that Prussock failed to properly manage her client’s property management trust accounts, resulting in shortages of over $300,000.00.
JENNIFER H SCOTT (NEW BERN) – By Consent, the Commission suspended the broker license of Scott for a period of 12 months, effective January 1, 2025. The Commission then stayed the suspension following a one-month active period upon certain conditions. The Commission found that Scott gave her buyer clients the access code to the lock box on a property and allowed her clients to enter and tour that property without her present. In addition, Scott failed to provide and review the Working with Real Estate Agents Disclosure at first substantial contact.
LORY W WELLS (LEXINGTON) – By Consent, the Commission reprimanded Wells effective March 3, 2025. The Commission found that Wells was the designated broker-in-charge when the qualifying broker conducted an auction for the sale of the subject property. The highest bidders of the auction paid a $45,000 earnest money deposit to the QB when the contract was executed. The sellers gave notice that the contract was unenforceable and refused to sell, and after the closing date passed, the buyers requested the return of their earnest money deposit. The sellers acknowledged the termination was proper and instructed QB to return the earnest money deposit to the buyers, but she failed to do so. The QB did not give the earnest money deposit to Wells to be held in trust and instead, converted the money to her own personal use. Wells failed to properly maintain the trust account of the firm by not accounting for the earnest money deposit collected by the QB. Wells failed to provide trust account and transaction documents.
CLARENCE E WILLIAMS (CLEMMONS) – Following a hearing, the Commission permanently revoked the broker license of Williams effective January 2, 2025. The Commission found that Williams made false promises to broker clients to induce them into investing in investment opportunities, performed brokerage services through an unlicensed entity and without being a designated Broker-in-Charge, performed brokerage services while on inactive status, failed to respond to multiple Letters of Inquiry, failed to provide requested documents to Commission representatives, and failed to maintain a current address on file with the Commission.
Disciplinary Actions
CAROLINA TRACE GATED PROPERTIES LLC (SANFORD) – The Commission accepted the permanent voluntary surrender of the real estate firm license of Carolina Trace Gated Properties LLC, effective January 1, 2025, with no right to reapply for 5 years. The Commission dismissed without prejudice allegations that the Firm violated provisions of the Real Estate License Law and Commission Rules. The Firm neither admitted nor denied misconduct.
NELSON G CASHWELL III (WARSAW) – The Commission accepted the permanent voluntary surrender of the real estate license of Cashwell, effective January 15, 2025. The Commission dismissed without prejudice allegations that Cashwell violated provisions of the Real Estate License Law and Commission Rules. Cashwell neither admitted nor denied misconduct.
WILLIAM S CHERRY (GREENVILLE) – By Consent, the Commission suspended the broker license of Cherry for a period of 12 months, effective January 1, 2025. The Commission then stayed the suspension in its entirety upon certain conditions. The Commission found that Cherry purchased a property for the purpose of flipping it. Cherry completed renovations and repairs on the property without permits or licensed contractors as required. Cherry failed to take reasonable efforts to verify whether the renovations to the property required permits and/or a licensed contractor before closing on the property. Cherry negligently misrepresented to the buyer agent that permits were not necessary for the renovations and repairs on the property.
ANDREA B FORTUNE (CONCORD) – By Consent, the Commission reprimanded Fortune effective January 1, 2025. The Commission found that Fortune was the Broker in Charge of the listing firm for the subject property. Fortune’s affiliated broker advertised in the MLS that the subject property contained 1,200 square feet of heated living area. A potential buyer of the subject property ordered an appraisal which reflected 1,093 square feet. After learning of the error, Fortune’s affiliated broker failed to update the MLS to reflect the correct square footage. Fortune failed to adequately supervise the advertising of the Firm.
EMMANUEL G GOMEZ (BURLINGTON) – The Commission accepted the voluntary surrender of the real estate broker license of Gomez, effective January 15, 2025, with no right to reapply for 2 years. The Commission dismissed without prejudice allegations that Gomez violated provisions of the Real Estate License Law and Commission Rules. Gomez neither admitted nor denied misconduct.
STEVEN T KOLENO (WAKE COUNTY) – The Commission accepted the voluntary surrender of the real estate broker license of Koleno, effective January 1, 2025, with no right to reapply for 18 months. The Commission dismissed without prejudice allegations that Koleno violated provisions of the Real Estate License Law and Commission Rules. Koleno neither admitted nor denied misconduct.
HALEY M LANGLEY (RALEIGH) – By Consent, the Commission reprimanded Langley effective January 1, 2025. The Commission found that Langley listed a property and was informed by the owners that the property’s roof was going to be replaced due to recent wind damage. Langley failed to inform the buyer agent of the roof replacement until one day prior to the buyer’s scheduled home inspection.
DOMAYTI P MORALES (GARNER) – By Consent, the Commission suspended the broker license of Morales for a period of 2 years, effective July 31, 2024. The Commission then stayed the suspension following a 6-month active period upon certain conditions. The Commission found that Morales failed to disclose to the Commission criminal convictions within sixty (60) days of judgment. The convictions were discovered by Commission staff.
RITU MUKIM (APEX) – By Consent, the Commission suspended the broker license of Mukim for a period of 6 months, effective December 11, 2024. The Commission then stayed the suspension following a 1-month active period upon certain conditions. The Commission found that Mukim scheduled a showing for her buyer clients and gave an unlicensed person the code to access the home that was listed for sale. This unlicensed person left the home unlocked so that prospective buyers could tour the home without Mukim being present.
ALICIA R NERIS (CHARLOTTE) – By Consent, the Commission suspended the broker license of Neris for a period of 12 months, effective January 1, 2025. The Commission then stayed the suspension in its entirety upon certain conditions. The Commission found that Neris was the buyer agent for a property in which the Residential Property Owners’ Association Disclosure Statement provided by the seller stated that the property had city water, city sewer, septic, and a private well. The advertisement for the property stated it had city water, city sewer, and septic but did not mention a well. The appraisal reported the property had public water and septic, and it was noted there was no city sewer connection. Additionally, a home inspection was conducted in which well repairs were recommended. Neris did not recommend a well inspection to her client. It was later disclosed to Neris the primary water source was a well. Neris failed to verify the correct water source and failed to advise her buyer client to obtain a well inspection.
DARRIN P STEPHENS (GREENVILLE) – By Consent, the Commission suspended the broker license of Stephens for a period of 3 months, effective January 1, 2025. The Commission then stayed the suspension in its entirety upon certain conditions. The Commission found that Stephens represented a buyer in the purchase of a flipped property. The seller was also a real estate broker representing himself in the sale. Stephens was aware the renovations included electrical, plumbing, cosmetic, and roof repair, however, Stephens relied on the seller’s word that permits and licensed contractors were not necessary for the renovations made. Stephens failed to verify if the renovations to property required permits and/or licensed contractors before closing on the property. Permits and licensed contractors for the renovations performed on the property were required.
REVOLUTION PARTNERS LLC (CONCORD) – By Consent, the Commission reprimanded Revolution Partners LLC effective January 1, 2025. The Commission found that the Firm advertised that the subject property for sale in the MLS as containing 1,200 square feet of heated living area. A potential buyer ordered an appraisal which reflected 1,093 square feet. After learning of the error, the Firm’s affiliated broker failed to update the correct square footage in the MLS.
ALLYSON G WARD (CHARLOTTE) – By Consent, the Commission suspended the broker license of Ward for a period of 12 months, effective January 1, 2025. The Commission then stayed the suspension in its entirety upon certain conditions. The Commission found that Ward was the listing agent for a property of which the sellers completed the Residential Property Owners’ Association Disclosure Statement, and described the property as having city water, city sewer, septic, and a private well. Ward advertised the property as having city water, city sewer, and septic. Ward failed to include the well in the advertisement. After settlement, Ward disclosed that the seller checked the wrong box and the property’s water source was well. Ward misrepresented the water source in the advertisement and failed to take reasonable steps to verify its accuracy.
Commission Presentations
January 2025 Presentations
Commission Chair T. Anthony Lindsey and Vice Chair Bill Aceto, with Executive Director Miriam Baer, held a listening session at the NCR® Leadership meetings in Winston-Salem.
Bryan Boyd, Deputy Legal Counsel, and Bruce Rinne, Information Officer, spoke at Lantern Realty and Development LLC on January 8th.
February 2025 Presentations
*These presentations are subject to change due to the availability of Commission members and/or staff.*
Janet Thoren, Director of Regulatory Affairs, will speak at Canopy REALTOR® Association on February 6th.
Bruce Rinne, Information Officer, will speak at Allen Tate Glenwood on February 11th.
Jean Hobbs, Auditor/Investigator, will speak at PROACTIVE Real Estate on February 20th.
Brian Heath, Consumer Protection Officer, and Jean Hobbs, Auditor/Investigator, will speak at the North Carolina Property Management Conference on February 26th and February 27th.
Diversity, Equity, and Inclusion Article
In February we celebrate Black History Month, an opportunity to highlight and honor the history and legacy of African Americans throughout the nation.
In recognition of Black History Month, we’d like to highlight some of the impactful contributions of African Americans in real estate. Some of these notable figures include:
Dorothy Height Was known as the “Godmother of the Civil Rights Movement” for her dedication and advocacy for racial and gender equality. Height tirelessly fought against housing discrimination and advocated for legislation and was pivotal in the passage of the Fair Housing Act.
Patricia Roberts Harris was the first African American woman to hold a cabinet position when she was appointed Secretary of Housing and Urban Development (HUD) in 1977. During her tenure at HUD, Harris was dedicated to reconstructing and revitalizing dilapidated neighborhoods throughout the nation.
Clarence Mitchell Jr. was a civil rights activist and chief lobbyist for the National Association for the Advancement of Colored People (NAACP). While serving as the NAACP’s Washington director Mitchell was instrumental in the passage of the Fair Housing Act. Mitchell is often referred to as the “101st senator” for his significant presence on the US Capitol and his influence on the passage of civil rights legislation in the 1950s and 1960s. The North Carolina Real Estate Commission recognizes that there are countless other pioneers in real estate history, and we encourage you to take the opportunity to learn about these notable figures.
Case Study: Wire Fraud
FACTS: A provisional broker (PB) was licensed in December 2024. The PB was affiliated with a Broker-in-Charge (BIC) but had limited interactions with them and was not supervised/trained while conducting brokerage activities. During the first month of licensure, the PB was hired by their first client, a first-time homebuyer. The PB completed the agency agreements and disclosures without supervisionand successfully negotiated the best offer for their client. The buyer client and seller went under contract for a single-family residence.
After the due diligence period ended, the buyer client spoke with their closing attorney. During this conversation, the closing attorney informed them of the law firm’s settlement protocols, including verifying wiring instructions prior to sending settlement funds to their office.
One day before settlement, the PB received an email with wiring instructions for their client’s settlement funds. The email appeared to be from the closing attorney but was sent by a hacker who gained access to the law firm’s email account. Upon receipt of the wiring instructions, the PB forwarded the email to their buyer client. In the forwarded email, the PB instructed their client to wire the funds to the account specified in the email and failed to advise the buyer client to confirm the information with their closing attorney. The buyer client trusted the advice of their buyer agent and wired $42,000.
The next day the closing attorney contacted the buyer client and informed them that the settlement could not proceed because the funds had not been received. After consulting with law enforcement and their financial institution, the buyer client discovered that the funds were sent to a fraudulent account and could not be recovered.
ISSUE: Did the BIC and PB act competently in this transaction?
ANALYSIS: No. In this transaction, the BIC and PB were acting as fiduciaries for the buyer client. A fiduciary is an individual(s) entrusted to act on behalf of another in a relationship built on trust, with a legal obligation to prioritize the principal’s interest above their own. The common law of agency requires a fiduciary to:
- remain loyal to the principal and protect their personal and confidential information,
- act in good faith to advance the principal’s interest, and
- disclose all relevant facts that could affect the principal’s decisions.
Further, while acting as fiduciaries, brokers must also safeguard any property related to the client’s transaction, such as money, deeds, and documents.
In this scenario, the PB contributed to the fraudulent activity by forwarding wiring instructions to the buyer without advising them to confirm the information with the closing attorney. This conduct by the PB prevented them from acting in the best interest of their client by protecting their personal information (e.g. bank account) and safeguarding their property (e.g. closing funds). Essentially, the PB would have acted in the best interest of their client if they would have directed the buyer client to follow the protocols established by the closing attorney and communicate directly with them regarding any information or funds needed to proceed with the settlement.
Further, a BIC is responsible for supervising all brokerage activities conducted by a PB pursuant to Rule 58A .0506. A PB cannot hold an active license or engage in brokerage activities without a supervising BIC.
The scenario above indicated that the BIC never reviewed the PB’s brokerage transactions or communicated with them. To ensure competency, the BIC should make sure they have the necessary understanding to oversee their associates’s transactions, including the prevalence of wire fraud and some best practices to prevent it. For help on this topic, review and implement the best practices discussed in the 2020-2021 Update Course Section Cybersecurity.
The Commission may consider the following criteria in assessing how adequately a BIC supervises a PB. The presence or absence of these factors will be considered along with all other pertinent information in arriving at a disciplinary decision.
- Is the BIC available to assist, advise, and review the PB’s practices and is the PB available to be supervised?
- Has the BIC established written policies and procedures under which all affiliated brokers are expected to operate?
- Does the BIC review and monitor the brokerage activities of PBs?
- Does the BIC hold regular meetings and otherwise assure proper implementation of and adherence to office policies and procedures?
- Does the BIC provide ongoing quality training programs and materials to affiliated licensees and disseminate in a timely manner all regulatory information they receive pertaining to real estate brokerage practice?
- What is the experience level of the PB?
- Has the BIC delegated supervisory duties to another licensee in the office and, if so, what is the level of training and experience of that supervisory licensee?
- In what types of brokerage activities is the PB engaged?
- How many PBs does the BIC supervise and what is the ratio of supervisors to PBs?
- What, if any, corrective or remedial action does the BIC take upon learning of a violation of the License Law or rules by a PB for whom the BIC is responsible?
If a PB acts incompetently while representing a principal, they may be subject to disciplinary action by the Commission. Further, per Rule 58A .0506, a BIC is responsible for the supervision of the PB, so they too may be subject to disciplinary action.
RESOURCES:
N.C.G.S. § 93A-6(a)(1), N.C.G.S. § 93A-6(a)(8), and 93A-6(a)(10)
License Law and Commission Rules: 58A .0110
Articles: 2020-2021 Update Course Section, “Provisional Brokers on a Team”
2020-2021 Update Course Section, “Cybersecurity”
Recent Arrests, Jury Verdict Highlight Ongoing Need for Wire Fraud Diligence
Quick Tips from your License Service Specialists
“Education Providers must report your CE to the Commission. There is no need to send NCREC copies of course certificates. Keep those for your records.”
-Terry C, License Specialist
“Reinstatement is not the same as activation.”
-Damien M, License Services Team Lead
“These is no separate license for a BIC. The license for individuals is a broker’s license. Whether the licensee is provisional, non-provisional, BIC-Eligible or actively serving as the BIC is a status of the license, not a separate one.”
– Allison A, License Specialist
“If you have taken the correct Update Course for this license year, 2024-2025, you do not need to take another Update Course during this license year. You will not receive credit for it.
-Tina R, Senior License Services Specialist.