What is the immediate action a provisional broker must take regarding all monies?

The immediate action a provisional broker must take regarding all monies is to deliver them to the Broker-in-Charge (BIC) immediately. This requirement ensures that all funds received in connection with a real estate transaction are handled in compliance with North Carolina Real Estate Commission regulations.

By delivering the funds to the BIC, the provisional broker ensures that the money is properly managed and deposited into the firm's trust account, which is specifically designated for holding client funds. This step helps maintain accountability and transparency within the transaction process and protects the interests of all parties involved.

Timely handling of monetary transactions is critical in real estate, as delays can lead to potential legal issues or disputes. The requirement reflects the importance placed on ethical practices and adherence to established protocols in the profession.