Sc state real estate - Study guides, Class notes & Summaries

South Carolina Exam Prep Questions and Answers 100% Pass In SC, real estate license law is administered by the a. SC Human Affairs Commission b. SC Real Estate Commission c. SC Association of REALTORS d. Department of Housing and Urban Development - Correct Answer ️️ -b. SC Real Estate Commission 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...

SC Real Estate - State Portion Exam Practice Questions and Answers Associated Licensee - Correct Answer ️️ -Licensee who is affiliated with a BIC Broker - Correct Answer ️️ -For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - Correct Answer ️️ -Has responsibility over actions of all associated licensees and real estate trust accounts Client - Correct Answer ️️ -Person ...

South Carolina Exam Prep 2024 with complete solution In SC, real estate license law is administered by the a. SC Human Affairs Commission b. SC Real Estate Commission c. SC Association of REALTORS d. Department of Housing and Urban Development - Answer ️️ -b. SC Real Estate Commission 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 gi...

A salesperson must ahve how many years' experience to become a broker? - Correct Answer ️️ -c. 3 years A real estate salesperson must be affiliated with - Correct Answer ️️ -c. a broker-in- charge Real estate license terms are - Correct Answer ️️ -b. 2 years which of the following is NOT a license status? - Correct Answer ️️ -a. conditional which of the following parties is exempt from obtaining a real estate license? - Correct Answer ️️ -b. an attorney representing a...

SC Property Management License Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS PM & PMIC licenses need to renewed biennially - Answer -June 30th (end of state's fiscal year) Conversion - Answer -to use trust funds for the purpose other than the purpose of which they are held. Unlawful use of funds. Customer - Answer -a buyer, seller, landlord or tenant who uses the services of a real estate licensee but does not establish an agency relationship through a w...

South Carolina Exam Prep 2024 with complete solution In SC, real estate license law is administered by the a. SC Human Affairs Commission b. SC Real Estate Commission c. SC Association of REALTORS d. Department of Housing and Urban Development - Answer ️️ -b. SC Real Estate Commission 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 gi...

SOUTH CAROLINA REAL ESTATE EXAM (STATE PORTION ONLY) QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ The creditor should ascertain the preference of the _____ as to legal counsel relating to closing the loan and insurance agent. A) lender B) seller C) real estate agent D) borrower - -D) borrower The assumption fee when assuming a loan in SC may not exceed _____. A) 1% of the loan or $400, whichever is greater B) 1/2% of the loan C) $500 D) 1% of the loan or $400, whichever is less - -D...

SC REAL ESTATE - STATE PORTION PREP REVIEW QUESTIONS AND ANSWERS, GRADED A+. VERIFIED. In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - -4% 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? - -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? - -$600 ( 3000 ...

Agency disclosure requirements apply in all of the following transactions EXCEPT A) resale of foreclosed properties B) commercial leases C) new construction D) multifamily sales - correct answer B) commercial leases The period of time over which an improvement to the property will remain useful for its original purpose is known as its a. amortized life. b. chronological life. c. actual life. d. economic life. - correct answer ...