What is the maximum time frame a BIC has to complete the broker-in-charge course after becoming a BIC?

A Broker-in-Charge (BIC) is required to complete the broker-in-charge course within a designated time frame to ensure they are up-to-date with the responsibilities and regulations governing this role. In this context, the correct answer is 120 days.

This timeframe ensures that BICs, who have significant responsibilities including overseeing transactions and managing agents, have ample opportunity to complete the necessary training while still fulfilling their important duties. The 120-day requirement is a standard interval that allows for adequate preparation and adjustment to the demands of the position, especially for those new to the BIC role. This ensures that they are properly equipped to handle the responsibilities that come with their designation, such as compliance with state laws and managing real estate transactions effectively.