Have you ever wondered what Broker-in-Charge (BIC) Eligible status means? Do you know if you hold BIC Eligible status or if you meet the requirements to attain it?
To determine whether you hold BIC Eligible status, log into your license record on the Commission’s website:
The View/Update Information page shows whether you currently hold BIC Eligible status. If you do, Yes will appear beside BIC Eligible status. If you do not currently hold the status, No will appear beside BIC Eligible status.
In order to qualify for BIC Eligible status, a broker must:
A broker must first have BIC Eligible status to be designated as a BIC. A broker who has BIC Eligible status may step in and out of active BIC designation by submitting the Request for BIC Eligible Status and/or BIC Designation form (REC 2.25).
BIC Eligible status may be maintained indefinitely by a broker who:
See Commission Rule 58A .0110 for a full explanation of BIC Eligible status and BIC designation. For more information or to ask a question, contact the Education and Licensing Division at LS@ncrec.gov or 919.875.3700.