North Carolina Real Estate Commission - Broker-In-Charge Declaration Page 2
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2The information provided here is only a summary. For a complete description of the qualifications and responsibilities of a
broker-in-charge, please review Commission Rule A.0110.
Qualifications
The broker-in-charge of an office is designated by the Qualifying Broker of the real estate firm for which he/she wishes
to serve as broker-in-charge. To qualify as a broker-in-charge, a broker cannot be a provisional broker and must:
(1)
possess at least two years of full-time real estate brokerage experience or equivalent part-time real
estate brokerage experience within the previous five years or real estate education or experience in real
estate transactions that the Commission finds equivalent to such experience; and
(2)
complete the Commission’s 12-classroom hour broker-in-charge course either within three years prior
to designation as a broker-in-charge or within 120 days following designation.
* * *
SPECIAL NOTE: If you are completing this form because you are seeking to restore a broker-in-charge designation or eligibility,
Commission Rule A.0110 requires that in order to re-designate yourself you must: 1) first be on active status; 2) have the
experience required for initial designation; and, 3) then complete the 12-hour Broker-in-Charge Course and then re-designate.
* * *
To request a waiver of experience based on education or actual experience, submit a W RITTEN request to the
Commission, Attention: BIC W aiver, along with a completed Broker-In-Charge Declaration form.
•
For equivalent EDUCATION, list each course and submit copies of transcripts of course completion
certificates (showing date completed and hours) and provide a description of the course subject matter.
Note: Prelicensing education courses, mandatory postlicensing courses, and courses taken for
continuing education credit may not serve as a basis for waiver of the experience requirement.
•
For equivalent EXPERIENCE, provide a detailed description of all experience. For personal
transactions, provide a list or summary of all sales, purchase or rental transactions showing for each
transaction the type of property, transaction date, description of your role in the transaction and an
indication of whether another real estate agent was involved in the transaction with you. For experience
acquired in the employ of a company, verification and explanation of the claimed experience by an
appropriate management official is preferred and may be specifically required by the Commission.
Note: Unlicensed experience in handling real estate transactions for others for which a license is
required may not serve as a basis for waiver of the brokerage experience requirement. Likewise,
experience gained while a license was on inactive status may not serve as a basis for waiver of
brokerage experience.
Responsibilities
The broker-in-charge must actively manage the office for which he or she has been designated broker-in-charge and
assume responsibility at the office for:
(1)
the retention of current license renewal pocket cards by all brokers employed at the office for which he/she is broker-in-
charge;
(2)
the proper notification to the Commission of any change of business address or trade name of the firm and the registration
of any assumed business name adopted by the firm for its use;
(3)
the proper conduct of advertising by or in the name of the firm at such office;
(4)
the proper maintenance at such office of the trust account or escrow account of the firm and the records pertaining thereto;
(5)
the proper retention and maintenance of records relating to transactions conducted by or on behalf of the firm at such
office;
(6)
the proper supervision of provisional brokers associated with or engaged on behalf of the firm at such office;
(7)
the proper supervision of all licensees employed at the office for which he or she is broker-in-charge with respect to
adherence to agency agreement and disclosure requirements;
(8)
the proper notification to the Commission of any change in his or her status as broker-in-charge within 10 days following
such change;
(9)
his or her annual attendance of the BIC Annual Review Course prescribed by the Commission for brokers-in-charge.
REC 2.04
Page 2 of 2
REV 5/13
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