What happens to the firm license if a BIC is not appointed in each office location?

In North Carolina, each office location of a real estate firm must have a designated Broker-in-Charge (BIC) to ensure compliance with state regulations and supervision of real estate activities. If a BIC is not appointed for a particular office, it creates a significant oversight issue, as no one is responsible for managing the office's operations and ensuring that all real estate transactions adhere to legal and ethical standards.

As a result, if a firm fails to appoint a BIC for each office location, the firm's license becomes inactive. This status indicates that the firm cannot legally conduct business until the appropriate BIC is appointed and authorized for that office, ensuring adherence to regulatory requirements and providing necessary oversight. This framework helps maintain professional integrity and protects the interests of clients and the broader community in real estate dealings.