What is a BIC responsible for ensuring compliance with?

The Broker-in-Charge (BIC) has a critical role in ensuring compliance with agency policies for all affiliated brokers. This responsibility includes overseeing that all agents adhere to the specific practices, procedures, and standards set forth by the broker's firm. By doing so, the BIC not only promotes a uniform standard of operation within the agency, but also safeguards the agency's integrity and legal compliance in its business dealings.

While local advertising laws, private broker agreements, and general ethical standards are important facets of real estate practice, the BIC’s primary duty encompasses the adherence to internal agency policies. This foundational aspect ensures that all brokers are aligned with the firm's objectives and compliant with both ethical and legal requirements that are specific to the agency's operations, thereby fostering both accountability and professionalism among affiliated agents.