Brokers who wish to obtain BIC Eligible status must complete the 12-hour Broker-in-Charge (BIC) Course. Previously, the course was comprised of two segments, an 8-hour, self-paced online segment, and a 4-hour live segment instructed by Commission staff. However, as of July 1, 2021, the 12-hour BIC Course is a distance course, meaning it is a self-paced, online course.
Following are a few of the most frequently-asked questions about the 12-hour BIC Course.
How do I register for the 12-hour BIC Course?
To register for the 12-hour BIC Course:
In order to complete the purchase and begin the course, you will either need to login to your account on this site, or, if you have not previously created an account, you will need to create one. Be sure to enter your broker license number during registration if you wish to receive CE credit for the course.
Once the purchase is complete, you have a 30-day period of access to the course, per Commission Rule 58H .0404. If you fail to complete the course in full EITHER within 30 days from the date of registration OR by 11:59pm EST on June 10, whichever occurs first, then you will be required to register and pay for the course again and to restart the course.
When must I take the 12-hour BIC Course?
The 12-hour BIC Course must be completed EITHER within the year period prior to application for BIC Eligible status OR within 120 days after being granted the status.
What happens if I fail to complete the 12-hour BIC Course within 120 days of obtaining BIC Eligible status?
If you fail to complete the 12-hour BIC Course within 120 days after being granted BIC Eligible status, your BIC Eligible status, and, in turn, BIC Designation, will be terminated. In such case, you will not be granted BIC Eligible status again until the course is completed.
Will I get CE credit for the 12-hour BIC Course?
Yes. Upon successful completion of the 12-hour Broker-in-Charge Course, you will receive 4 hours of CE elective credit. The 12-hour BIC Course does NOT provide CE Update course credit.
For more information regarding the 12-hour BIC Course, contact the Commission’s Education and Licensing Division at LS@ncrec.gov or 919.875.3700.