SC Real Estate Exam Bundle

Which of the following describes the term appreciation? - 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: - Answer An assignment A mortgage loan which requires the remaining balance be paid at a sp...

In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - 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? - Answer Homestead Exemption is -$50K of...

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...

Darryl owns a property in a critical coastal area in South Carolina. What obligation does he have? - Answer Darryl must disclose that the property lies in a critical area and is subject to limitations. South Carolina licensee Joseph tells his client that a property is zoned as residential, even t...

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...

How many members are on the SC Real Estate Commission - Answer d. 10 The purpose of the SC Real Estate Commission is to: - 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?...

10 - Answer How many members are on the South Carolina Real Estate Commission? regulate the real estate industry in order to protect the publics interest in real estate transactions - Answer The purpose of the South Carolina Real Estate Commission is to ? The Real Estate Commission - Answer Wh...

All of the Following are required qualifications for licensure EXCEPT - Answer must submit application for licensure within six months of passing the state exam All of the following are exempt from mandatory continuing education EXCEPT: - Answer 1-( Broker-in-charge if they require mandatory offi...