Sc insurance brokers Study guides, Class notes & Summaries

The law which requires that transfers of real property ownership be in writing is known as the... - Answer- statute of frauds In a VA loan, there must be... - Answer- an approved appraisal When a land contract is entered into... - Answer- the buyer acquires equitable title A 5 bedroom, 1 bathroom residence is an example of what type of depreciation? - Answer- Functional Name 3 essential requirements for a valid deed... - Answer- 1. The buyer and seller must be named 2. Words of Conv...

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...

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...

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: -...

Part I Introduction to the law of delict This chapter serves as a general introduction to the law of delict. Topics dealt with are the nature of a delict and its place in the legal system; the distinction between this phenomenon and breach of contract and crime; the historical development of delictual liability; and the influence of the constitutional Bill of Rights on the law of delict. Chapter 1 General introduction 1 Delict: general nature and place in the legal system The...