South Carolina Risk Management for Brokers-in-Charge

Overview

For South Carolina brokers-in-charge (BICs), risk is an ever-present element that's part of their daily operations. This course provides a detailed look at risk management issues that a BIC faces, including property disclosures, fair housing issues, trust accounting, and document retention. It concludes with a review of recent Commission orders and provides strategies that BICs can use to minimize liability and uphold high professional standards.

This course meets the 4-hour BIC mandatory CE training requirement.

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Learning Objectives

  • Explain a BIC's duties under South Carolina Code of Laws §40-57
  • Describe how to create a compliant office policy
  • Summarize a BIC's trust account management duties and responsibilities
  • Describe material facts about a property that require disclosure
  • Create a document retention system
  • Explain the options for disclosing brokerage relationships and the use of mandatory forms
  • Identify ways to ensure adherence to fair housing laws
  • Discuss a BIC's duty to review and approve all forms
  • Explain the Commission's position on recent issues including wholesaling and agreements for more than one year


Designed For:

South Carolina brokers-in-charge




Course Information

Adding additional credit may change exam requirements.