SC 2023-2024 BIC Mandatory Course: What's a BIC to Do?
"That's not my job" is something you'll likely never hear from a broker-in-charge (BIC). If it's a duty that involves the brokerage, its employees, licensees, and business, responsibility for it falls squarely on the shoulders of the BIC. Beyond the practical responsibilities, there are also legal responsibilities to consider. BICs are the ultimate authority in a brokerage—a job riddled with gray areas, tough calls, and constant multi-tasking.
This four-hour mandatory course for BICs reinforces the fundamental responsibility the BIC has to protect public interest through proper licensee training, supervision, and administration.
Course highlights include:
- Top issues facing South Carolina BICs
- Review of the SCREC website
- BIC duties in South Carolina
- Adequate supervision and consequences for failure to supervise
- BIC duties regarding offers, purchases of firm listings, teams, and disclosure requirements
- Form-approval responsibilities
- Mandatory forms and language
- Recordkeeping duties
- Office policy requirements and required elements
- Trust account maintenance
- Required notifications to the SCREC
- A BIC "job description"
State Requirements For South Carolina
South Carolina State Requirement Details for Real Estate Broker-In-Charge
Renewal Date: 6/30 every two years
Hours Required: 10 hours
- 4 hours - Mandatory hours
- 4 hours - Core hours
- 2 hours - Elective hours
Broker-in-Charge: Per South Carolina Section 40-57-340, a broker-in-charge shall provide proof of satisfactory completion biennially of ten hours of continuing education in courses approved by the commission. The ten hours must include a minimum of four hours of instruction in mandated topics for a broker or associate license and four hours of continuing education must be in advanced real estate topics designed for brokers-in-charge.
South Carolina Real Estate Commission
Street Address: Synergy Business Park, Kingstree Building 110 Centerview Dr, Ste 201, Columbia, SC 29210
Mailing Address: PO Box 11847, Columbia, SC 29211-1847
Telephone: 803.896.4400
Fax: 803.896.4427