Sc real estate - Study guides, Class notes & Summaries

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...

SC REAL ESTATE - CHAPTER 1 REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Real Estate - -Air, water, land, and everything affixed to the land. May be owned privately by individuals and private entities, or publicly by government entities. Land - -- Surface area of the earth - Everything beneath the surface of the earth extending downward to its center - All natural things permanently attached to the earth - The air above the surface of the earth extending outward to infinity Land h...

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 written agency agreement with the licensee's real estate brokerage firm The South Carolina Real Estate ...

SC REAL ESTATE REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ The ___ establishes an agency relationship between the prop owner as principal and the brokerage as agent - -listing agreement the LA does which of the following - -creates an agency relationship between the listing brokerage and the property owner a brokerage agreement whereby the property owner hires 1+ brokerages, agrees to compensate only 1 brokerage who produces a buyer, and reserves the right to sell by himself and...

SC PSI Real Estate Exam Prep Questions and Answers Which of the following describes the term appreciation? - Correct Answer ️️ -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Correct Answer ️️ -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Correct Answer ️️ -Balloon mortgage The following reason accounts for why b...

SC REAL ESTATE LICENSING EXAM QUESTIONS AND ANSWERS In which of the following cases would a person probably be required to have a real estate license? - Correct Answer ️️ -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 - Correct Answer ️️ -may take the exam and receive an inactive license. A brok...

SC Real Estate - Chapter 1 Questions and Answers Real Estate - Correct Answer ️️ -Air, water, land, and everything affixed to the land. May be owned privately by individuals and private entities, or publicly by government entities. Land - Correct Answer ️️ -- Surface area of the earth - Everything beneath the surface of the earth extending downward to its center - All natural things permanently attached to the earth - The air above the surface of the earth extending outward to inf...

SC REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS 100% CORRECT SC REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS 100% CORRECT SC REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS 100% CORRECT SC REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS 100% CORRECT 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 l...

SC Real Estate - Chapter 1 Questions and Answers Real Estate - Correct Answer ️️ -Air, water, land, and everything affixed to the land. May be owned privately by individuals and private entities, or publicly by government entities. Land - Correct Answer ️️ -- Surface area of the earth - Everything beneath the surface of the earth extending downward to its center - All natural things permanently attached to the earth - The air above the surface of the earth extending outward to inf...