Legal Q&A | Broker-In-Charge Designation for More Than One Firm
QUESTION: I am currently the BIC of a real estate firm, which focuses on residential sales transactions. I want to open a second firm to provide property management services for our clients. Will I be able to designate myself BIC of the new management company? In the future, what options do I have to open a third firm, where I am planning to offer commercial sales services, and serve as BIC?