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

SC REAL ESTATE - STATE PORTION PREP QUESTIONS AND ANSWERS, GRADED A+ 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 x .200 = $600) A...

SC Real Estate - State Portion Prep Questions and Answers In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - Correct Answer ️️ -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? - Correct 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? - ...

Property management license Exam Questions with Complete Solutions The Civil Rights act of 1866 reaffirmed - Answer ️️ - Security deposits received in the agent's personal rental transaction are not required to be deposited in a trust account - Answer ️️ -FALSE Disputed trust funds can be disbursed in the following way - Answer ️️ -written agreement between the parties A licensee who receives compensation in a real estate transaction from more than one party can be disciplin...

SC Real Estate - State Portion Prep Questions and Answers In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - Correct Answer ️️ -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? - Correct 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? - ...

SC REAL ESTATE LICENSING EXAM REVIEW QUESTIONS AND ANSWERS. GRADED A+ In which of the following cases would a person probably be required to have a real estate license? - -Bruce gets hired to find an office suite for a friend who is relocating her business. A license applicant signs up to take the state examination, but has failed to obtain an employer prior to the exam date. In this case, the applicant - -may take the exam and receive an inactive license. A broker operates an office in ...

South Carolina Real Estate Exam (State Portion Only) Questions and Answers 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 - Correct Answer ️️ -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 - Corr...

SC Real Estate - State Portion Prep Questions and Answers In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - Correct Answer ️️ -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? - Correct 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? - ...

Property management license Exam Questions with Complete Solutions The Civil Rights act of 1866 reaffirmed - Answer ️️ - Security deposits received in the agent's personal rental transaction are not required to be deposited in a trust account - Answer ️️ -FALSE Disputed trust funds can be disbursed in the following way - Answer ️️ -written agreement between the parties A licensee who receives compensation in a real estate transaction from more than one party can be disciplin...

SC REAL ESTATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS how often do realtors renew licenses - Correct Answer ️️ -every 2 years by June 30th which I the end of the fiscal year how many hours of continuing education do you need - Correct Answer ️️ -8 hrs every 2 years how long do you need to wait to reinstate your license after it is revoked - Correct Answer ️️ -1 yr can a broker in charge be over move than 1 branch office at a time - Correct Answer ️️ -yes broker in charg...

Property management license Exam Questions with Complete Solutions The Civil Rights act of 1866 reaffirmed - Answer ️️ - Security deposits received in the agent's personal rental transaction are not required to be deposited in a trust account - Answer ️️ -FALSE Disputed trust funds can be disbursed in the following way - Answer ️️ -written agreement between the parties A licensee who receives compensation in a real estate transaction from more than one party can be disciplin...