If you’re a North Carolina real estate broker looking to take your career to the next level, you may be wondering how to become a broker-in-charge. The broker-in-charge license category is a higher level where brokers can supervise other brokers—and earn more money. So, does it take to become a broker-in-charge? This article has everything you need to know about becoming a broker-in-charge in North Carolina.
Step 1: Gain experience
Before you can become a broker-in-charge (BIC), you must have two years of full-time brokerage experience (or equivalent) under your belt. According to the North Carolina Real Estate Commission (NCREC), eligible brokers-in-charge are required to have:
“Two years of full-time real estate brokerage experience, or equivalent part-time experience, within the previous five years or real estate education or experience which the Commission finds to be equivalent.”
Step 2: Take the broker-in-charge course
In addition to fulfilling the experience requirement above, you must also complete the North Carolina Real Estate Commission’s 12-hour Broker-in-Charge Course. The course is divided into an 8-hour module and a 4-hour module. You must complete the 8-hour module before beginning the 4-hour module. Upon completion, a broker shall receive four credit hours of elective continuing education.
Note: You don’t have to be on the broker-in-charge path to take this class. Any North Carolina real estate broker may take the course and receive 4 hours of elective continuing education credit. Therefore, the class may be a good opportunity to explore whether you’re ready to become a BIC. Once you’ve taken it, you’ll have three years to declare yourself a broker-in-charge. (If you wait any longer, you’ll have to repeat the course.)
Step 3: Submit your declaration form
Next, submit your broker-in-charge declaration form to the NCREC. The Commission will then verify that 1) you’ve had an active license for at least two years that is not on provisional status, and 2) you’ve completed the 12-hour broker-in-charge course no earlier than one year prior or 120 days after designation. Finally, you’ll receive a change of status notice from the NCREC confirming that you have been made a North Carolina broker-in-charge at a specified location.
Note: You may choose to submit your declaration form before you take the 12-hour course. However, beware that once you declare yourself a broker-in-charge, you will be required to complete the course within 120 days (unless you’ve already completed the course within the last three years).
Step 4: Maintain your status
To maintain your BIC status moving forward, simply renew your North Carolina real estate broker license in a timely manner and complete the following continuing education courses every license year:
- The Broker-in-Charge Update course (4 hours CE credit)
- An elective course (4 hours CE credit)
Note: The broker must begin taking the Broker-in-Charge Update course during the same license year of designation unless the broker has already completed the General Update course prior to designation.
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