What can a provisional broker do?
Provisional Brokers can work as an agent and sell homes, but they must work under a Broker-In-Charge who oversees all transactions.
What is a provisional broker in real estate?
(a2) The term provisional broker within the meaning of this Chapter means a real estate broker who, pending acquisition and documentation to the Commission of the education or experience prescribed by either G.S. 93A-4(a1) or G.S. 93A-4.3, must be supervised by a broker-in-charge when performing any act for which a …
What is a provisional agent?
1 subject to later alteration; temporary or conditional.
How long do you have to be a provisional broker in NC?
You do not need to retake the course at this point. The Broker Prelicensing course must have been successfully completed within 3 years prior to application.
What is a non provisional broker?
This is often referred to as a full broker or a broker not on provisional status. As a broker, you are able to engage in brokerage if you work for a licensed real estate brokerage firm or another sole proprietor broker/broker-in-charge.
What is the difference between a broker and broker-in-charge?
Broker-in-Charge (BIC) – The Broker who has been designated as the primary person having sole responsibility for the supervision and management of an office. Broker – Any licensee, other than BIC, who is affiliated with the firm; aka associate broker.
What is a broker vs agent?
Real estate agents have a professional license to help people buy, sell, and rent real estate. They must work for a sponsoring broker or brokerage firm. Brokers are real estate agents who have completed additional training and licensing requirements.
What is a provisional broker in NC?
Provisional Broker This is the entry-level title for a North Carolina real estate career. Once you complete the required education, pass the state exam, and earn your license, you become a provisional broker. What does this mean? Well, essentially you are a broker whose license is on provisional status.
What is the difference between the provisional broker and the broker?
Provisional Broker Well, essentially you are a broker whose license is on provisional status. You can perform all of the same activities of a broker, but you must be supervised by a broker-in-charge.