Timely Renewals for Brokers-in-Charge


Under Commission rule A.0110, a Broker-in-Charge has the responsibility to assure that each broker employed at the office for which he or she serves as a BIC has completed the required education and renewed his or her license in a timely manner for each license period.  In addition, a BIC who fails to renew or take the proper CE, causing his or her license to expire or to become inactive, will cause all licenses of any provisional brokers under his or her supervision to be placed on inactive status and licenses of all brokers to be changed to their home address.  The firm will be unable to conduct business until it retains a qualified Broker-in-Charge.