All categories

2 years ago

How long after being granted bic eligibility does the broker have to complete the required 8-hour bic training?

1 answer:

8 0

The lengthy after being granted BIC eligibility does the dealer have to complete the specified 8-hour basic training: 120 days

For you to qualify for BIC Eligible status, a dealer have to: keep an energetic license; have acquired at least two years of actual estate brokerage revel in equivalent to 40 hours according to a week inside the preceding 5 years; publish the Request for BIC Eligible reputation and/or BIC Designation form (REC 2.25); and.BIC Eligible way a broking's license reputation who has happy the broking-in-charge qualification necessities and filed software pursuant to G.S. 93A-four.2 and 21 NCAC 58A.

A good way to obtain the BIC Eligible on their license, a dealer must meet the subsequent necessities: preserve an active broking's license (no longer provisional status) Have two years of complete-time brokerage experience or 4 years of part-time brokerage revel in within the previous 5 years.

Learn more about BIC eligibility here: brainly.com/question/25920220

#SPJ4

You might be interested in

Bronn and Jaime make a written contract where Jaime will sell Bronn his armor and sword for $1,200.

satela [25.4K]

Answer: Mirror image rule

Explanation:

It should be noted that the contract formation defenses are fraud, illegality, incapacity, unconscionability, duress and statute of Frauds.

The mirror image rule is not among the defense to the formation of w contract. It implies that an offer should be accepted with no changes made to the offer.

8 0

4 years ago

The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue an

Alexus [3.1K]

Answer:

Income statement

Fee earned $383,500

Expenses:

Miscellaneous expense $14,500

Rent expense $22,500

Supplies expense $11,300

Utilities expense $16,700

Wages expense $170,000 $235,000

Net income $148,500

Statement of retained earnings

Retained earnings, beginning $1,341,000

Net income $148,500

Less: Dividend paid $75,000

Retained earnings, ending $1,414,500

Balance sheet

Assets

Cash $190,500

Accounts receivable $236,500

Supplies $7,000

Land $1,500,000

Total assets $1,934,000

Liabilities

Accounts payable $69,500

Stockholders' equity

Common stock $450,000

Retained earnings $1,414,500

Total stockholders' equity $1,864,500

Total liabilities and stockholders' equity $1,934,000

3 0

3 years ago

You just acquired a 30-year mortgage in the amount of $179,500 at 4.75 percent interest, compounded monthly. payments will be eq

miss Akunina [59]

Given:
Present value, P=179500
interest per period (month), i = 0.0475/12
number of periods (month), n=30*12=360

Interest charged after first month
Interest=P*i
=179500*0.0475/12
=710.52

Monthly payment (just to confirm that A > Interest)
A = Pi(1+i)^n/((1+i)^n-1)
=179500*(0.0475/12)(1+0.0475/12)^360/((1+0.0475/12)^360-1)
= 936.36 (to the nearest cent.
> 710.52 so ok.

6 0

4 years ago

Prepaid expenses are

sergiy2304 [10]

Answer:

The correct answer is letter "A": paid and recorded in an asset account before they are used or consumed.

Explanation:

A Prepaid Expense is an asset on the Balance Sheet. These expenses are paid in advance in full for goods that have not been received yet or services that have not been rendered still. For accounting purposes, the amount reported as a current asset decreases every month until the total amount of the prepaid expense is used up.

3 0

3 years ago

A house is to be purchased for $480,000 with a 10 percent down payment. A conventional 30-yr loan is used at 7.5 percent, rresul

Elena-2011 [213]

Answer:

Please see attachment

Explanation:

Please see attachment

6 0

3 years ago