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

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 State REAL ESTATE Exam Questions and Answers 100% Pass Which of the following scenarios best describes a net listing in South Carolina? -Carmel is selling her condo for $280,000 and is offering 6% commission to the listing broker. -Jason is listing his duplex for $400,000, but reserves the right to find his own buyer and not have to pay a listing commission. -Maeve wants to get at least $350,000 when she sells her property and tells her listing agent, Stan, that he can keep anything above...

SC REAL ESTATE STATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. How many members are on the SC Real Estate Commission - -d. 10 The purpose of the SC Real Estate Commission is to: - -a. regulate the real estate industry in order to protect the public's interest in real estate transactions Who conducts real estate licensee disciplinary hearings? - -d. The Real Estate Commission A SC real estate salesperson must be at least: - -a. 18 years old A SC real estate broker must be ...

SC Real Estate State Exam Practice Questions and Answers How many members are on the SC Real Estate Commission - Correct Answer ️️ -d. 10 The purpose of the SC Real Estate Commission is to: - Correct Answer ️️ -a. regulate the real estate industry in order to protect the public's interest in real estate transactions Who conducts real estate licensee disciplinary hearings? - Correct Answer ️️ -d. The Real Estate Commission A SC real estate salesperson must be at least: - Corr...

SC REAL ESTATE- STATE PORTION STUDY GUIDE QUESTIONS AND ANSWERS, GRADED A+ SC Real Estate Commission - -Consists of 10 elected and/or appointed members SC Real estate commission power and duties - --Determine standards for education and education providers. -Recommend legislation to protect the public. -Determine conditions for license renewal. - Conduct disciplinary hearings and decide disciplinary action. SCREC disciplinary actions - -reprimand probation, suspension, or revocation o...

SC state Real Estate exam part 1 already passed All of the Following are required qualifications for licensure EXCEPT must submit application for licensure within six months of passing the state exam All of the following are exempt from mandatory continuing education EXCEPT: 1-( Broker-in-charge if they require mandatory office training ) 2-Salesman who successfully completes a post-licensing course 3-Instructors of approved courses if they request in writing continuing education credit for the...

SOUTH CAROLINA EXAM PREP REVIEW QUESTIONS AND ANSWERS, GRADED A+ 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 - -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 g...

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 ...

SC REAL ESTATE - STATE PORTION EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Associated Licensee - -Licensee who is affiliated with a BIC Broker - -For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - -Has responsibility over actions of all associated licensees and real estate trust accounts Client - -Person with whom a licensee has an established agency relationship Customer - -Pers...