• Explain a BIC's responsibility to provide adequate supervision of associated licensees
  
• Determine who must have a trust account, the purpose of a trust account, how accounts must be titled, and who is responsible for managing such accounts
• List the ways funds can be distributed from trust accounts when undisputed and disputed
• Assess when an Offer Rejection form is required and by whom it must be provided
• Explain which mandatory forms are provided by the Real Estate Commission and any additional mandatory forms not provided by the Commission
• Identify ways to practice in compliance with applicable laws and rules and reduce risk of liability for the brokerage

South Carolina licensed brokers-in-charge