Sc broker licensing Study guides, Class notes & Summaries

SC Real Estate - State Portion Prep Questions and Answers In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - Correct 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? - Correct Answer ️️ -Homestead Exemption is -$50K of the Appraised Value The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - ...

What are the minimum requirements to a licensed producer in South Carolina? - correct answer Be 18 years old, good morale character, not been convicted of a felony, pay required licensing fees, pass state exam What documentation is requested by the SC Department of Insurance to process your application? - correct answer SC DOI application, SLED criminal background check, exam status report How does a producer become an agent? - correct answer By getting appointed by insurance carriers N...

SC Real Estate - State Portion Prep Questions and Answers In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - Correct 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? - Correct Answer ️️ -Homestead Exemption is -$50K of the Appraised Value The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - ...

What are the minimum requirements to a licensed producer in South Carolina? - ANSWERSBe 18 years old, good morale character, not been convicted of a felony, pay required licensing fees, pass state exam What documentation is requested by the SC Department of Insurance to process your application? - ANSWERSSC DOI application, SLED criminal background check, exam status report How does a producer become an agent? - ANSWERSBy getting appointed by insurance carriers Name the 3 types of Indiv...

SC Real Estate - State Portion 2022-2023 Already 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 Person with whom licensee has not establishe...

Process of Licensing SC - Answer * 18 years of age *good moral character *no convicted of a felony or crime involving dishonesty, fraud, breach of fiduciary duties. *pay licensing fees *pass state examination Type of Licenses - Answer *Producer *Nonresident *Temporary Licenses *Broker Producer license - Answer an licensed producer who is appointed by an insurer to sell, advertise, take application and deliver insurance policies. Nonresident license - Answer must be in goo...

What are the minimum requirements to a licensed producer in South Carolina? Be 18 years old, good morale character, not been convicted of a felony, pay required licensing fees, pass state exam What documentation is requested by the SC Department of Insurance to process your application? SC DOI application, SLED criminal background check, exam status report Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen...

SC Life Insurance Exam Questions & Answers 100% accurate! The balance of the loan will be taken out of the death benefit - ANSWERSIf a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - ANSWERSAn insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Spendthrift Clause - ANSWERSThe clause that protects the proceeds of a life insurance po...

Chapter 1 & 2; Health Accident and Life Insurance Test (South Carolina)Exam Questions & Answers 100What are the minimum requirements to a licensed producer in South Carolina? - ANSWERSBe 18 years old, good morale character, not been convicted of a felony, pay required licensing fees, pass state exam What documentation is requested by the SC Department of Insurance to process your application? - ANSWERSSC DOI application, SLED criminal background check, exam status report How does a produce...

SC Life Insurance ExamThe balance of the loan will be taken out of the death benefit - correct answer If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - correct answer An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Spendthrift Clause - correct answer The clause that protects the proceeds of a life insurance policy from credi...