Broker‑in‑charge means the broker who is designated as having responsibility over the actions of all associated licensees and also has the responsibility and control over and liability for any real estate trust accounts.
Broker‑in‑charge means a broker designated to have responsibility over the actions of all associated licensees and also has the responsibility and control over and liability for a real estate trust account.
Broker‑in‑charge or “BIC” means a person or entity who is licensed as a real estate broker by the Real Estate Commission (both North and South Carolina) and is designated as the Broker in Charge of any partnership, association, limited liability company, corporation or their business entity who, for compensation or valuable consideration, sells or offers for sale, buys or offers to buy, or negotiates the purchase or sale or exchange of real estate, or who leases or offers to lease, or rents or offers to rent, real estate or the improvements thereon for others. In most instances, but not necessarily, the Broker in Charge is the Member Participant.
More Definitions of Broker‑in‑charge
Broker‑in‑charge means an individual broker licensee designated by the principal broker as the broker directly in charge of and responsible to the principal broker for the real estate operations conducted at the principal place of business or a branch office. The principal broker may designate one or more brokers-in-charge of the principal place of business or branch office, provided that there shall be at least one broker-in-charge of each branch office. A broker-in-charge may be designated to more than one branch office.
Broker‑in‑charge means a broker-in-charge as the term is defined under Title 40, Chapter 57 of the Code of Laws of South Carolina.
Broker‑in‑charge means the individual broker responsible for a single office.
Broker‑in‑charge means a broker or broker associate designated as the person responsible for supervision of a main office or branch office.
Broker‑in‑charge means the broker who is designated as having the responsibility over the actions of all brokers, salesmen, and property managers licensed under him and also the responsibility, control, and liability over any real estate trust or escrow accounts.
Broker‑in‑charge means an individual broker designated by the principal broker as the broker directly in charge of and responsible to the principal broker for the real estate operations conducted at the principal place of business or a branch office.
Broker‑in‑charge a New Mexico licensed real estate broker qualified to be a qualifying broker who has been designated in writing by the qualifying broker to assume responsibility for the brokerage during a period of time when supervision by the qualifying broker is not possible.