South carolina Exam bundle with complete solutions

A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - ANSWER-100% of the billed amount What does Coordination of Benefits allow? - ANSWER-Allows the secondary payor to reduce their b...

The amount per $1,000 used to calculate taxes on property is the - ANSWER-milliage rate The common name of the hazardous-waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is - ANSWER-superfund May eviction and foreclosure notice...

If a brokerage firm changes its name, address, phone, or email, within how many days must the commission be notified? A. 10 days B. 30 days C. Immediately D. Seven days - ANSWER-A. 10 days The broker-in-charge must notify the real estate commission of changes to name or contact information ...

South Carolina law requires all brokers and lenders to maintain a log of all mortgage activity and submit this report annually to the Administrator on or before this date? - ANSWER-March 31st Failure to file log of all mortgage activity report on time will cause a fine of - ANSWER-$100 How lon...

The SC Real Estate Commission has the authority to a. make and enforce the rules by which all real estate licenses must abide b. compose the exam questions on the state exam c. administer the exams given at the testing sites d. enact the laws that govern real estate licenses - ANSWER-a. make an...

South Carolina Department of Consumer Affairs - ANSWER-the Department Six Divisions - ANSWER-1. Administration 2. Consumer Services 3. Customer advocacy 4. Public Information and education 5. Identity Theft unit 6. Legal Division Administrator - ANSWER-head honcho Department Duties - ANSWER...

Mindy, a South Carolina resident, is buying a new home. She'll occupy the home as her primary residence. It has a fair market value of $220,000 and is in an area with a millage rate of .350. What can she expect to pay in property taxes? - ANSWER-$3,080 **Fair market value is multiplied by the asse...

how often do realtors renew licenses - ANSWER-every 2 years by June 30th which I the end of the fiscal year how many hours of continuing education do you need - ANSWER-8 hrs every 2 years how long do you need to wait to reinstate your license after it is revoked - ANSWER-1 yr can a broker i...

Associated Licensee - ANSWER-Licensee who is affiliated with a BIC Broker - ANSWER-For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - ANSWER-Has responsibility over actions of all associa...

A Person Who is over 65 years of Age may get a break on his/her Ad Valorem Tax. What is the Nature of this special treatment? - ANSWER-Homestead Exemption is -$50K of the Appraised Value The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - ANSWER-$600 ( 3000 x .20...