Sc insurance brokers exam Study guides, Class notes & Summaries

SC Insurance Brokers Exam Questions and Answers

Nonresident Licensing Requirements -ANSWER- 1. File application on form prescribed by the director. 2. File affidavit stating insurance on a risk in this state will only be placed with licensed agents of insurers licensed to operate in SC. 3. File an affidavit stating he is a licensed broker in another state. 4. Pay a biennial fee of $200. What is the term of a brokers license? -ANSWER- Brokers licenses are indefinite unless suspended or revoked as long as licensing fees are paid. Can m...

Resident Licensing Requirements - ANSWER-1. Be licensed as a resident property and casualty insurance producer. 2. Pass the SC broker licensing examination with 70% or better. 3. Pay a biennial fee of $200 4. File surety bond in favor of SC in amount of $10,000. Nonresident Licensing Requirements - ANSWER-1. File application on form prescribed by the director. 2. File affidavit stating insurance on a risk in this state will only be placed with licensed agents of insurers licensed to opera...

Resident Licensing Requirements - Answer 1. Be licensed as a resident property and casualty insurance producer. 2. Pass the SC broker licensing examination with 70% or better. 3. Pay a biennial fee of $200 4. File surety bond in favor of SC in amount of $10,000. Nonresident Licensing Requirements - Answer 1. File application on form prescribed by the director. 2. File affidavit stating insurance on a risk in this state will only be placed with licensed agents of insurers licensed to...

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 ...

PSI Test Practice Questions and answers, 2022/2023. Graded A+. Questions bank Document Content and Description Below PSI Test Practice Questions and answers, 2022/2023. Graded A+ 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 - B) commercial leases The period of time over which an improvement to the property will remain useful for its original purpose is known as i...

SOUTH CAROLINA REAL ESTATE EXAM PRACTICE QUESTIONS AND ANSWERS 100% VERIFIED The amount per $1,000 used to calculate taxes on property is the milliage rate The common name of the hazardous-waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is superfund May eviction and foreclosure notices be delivered electronically in South Carolina? NO How many years of sales experience must a salesperson have in order to qualify to take the b...

The amount per $1,000 used to calculate taxes on property is the milliage rate The common name of the hazardous-waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is superfund May eviction and foreclosure notices be delivered electronically in South Carolina? NO How many years of sales experience must a salesperson have in order to qualify to take the brokers exam? 3 A development map that shows the ...

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 in charge be over move than 1 branch office at a time - Answer yes broker in charge, receives earnest money at start o acceptance/written acceptance offer, how long does he have to deposit it - Answ...

SC PSI Real Estate Exam Prep. Questions with accurate answers, Graded A Document Content and Description Below SC PSI Real Estate Exam Prep. Questions with accurate answers, Graded A Which of the following describes the term appreciation? - An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: -...