What purpose does the South Carolina real estate commission serve?

What are the duties of the South Carolina Real Estate Commission?

The Real Estate Commission regulates Real Estate Brokers, Salespersons and Property Managers and administers the registration of timeshare Projects and out-of-state subdivided land sale’s being marketed in the State of South Carolina.

What is the primary objective of the Real Estate Commission?

The primary responsibilities of the Commission are to license qualified applicants as real estate agencies, real estate brokers, real estate associate brokers, and sales agents, to investigate alleged violations of the law, impose sanctions, and prescribe curricula and standards for real estate education programs.

Which of these duties is outside the scope of the South Carolina Real Estate Commission?

Which of the following actions extends beyond the scope of duties of the South Carolina Real Estate Commission? Deciding commission payments or divisions when disputes between licensees arise.

How many times can you fail SC real estate exam?

Examination Eligibility is valid for 1 year. If you fail you may retest on an unlimited basis during the 1 year period. Each examination consists of state and national portions.

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How difficult is the SC real estate exam?

The South Carolina Real Estate Salesperson Exam is one of the hardest state test to pass in the United States. … Throw away your real estate course test books and class notes, this is all you need to pass! Pass the 2020 South Carolina PSI Real Estate Salesperson Exam effortlessly on your 1st try.

What is secret profit in real estate?

A financial benefit an agent takesfrom a transaction without authorization fromthe principal, nor informing the principal of thebenefit retained.

What is the paid salary of North Carolina real estate commissioners?

The average Commissioner salary in North Carolina is $80,668 as of August 27, 2021, but the range typically falls between $69,572 and $109,217.

What are the two most common forms of compensation that brokers use?

Chp 5 Unit 5

Question Answer
As a listing agent, in most cases your listing will be sold by a cooperating broker
What is the term given to assigned office duty? Floor Time
What are the two most common forms of compensation that brokers use? Salary or a percentage of the commission

What is the difference between positive misrepresentation and inadvertent misrepresentation?

What is the difference between positive misrepresentation and inadvertent misrepresentation? Positive means intentional; inadvertent means it wasn’t intentional. … Misrepresentation falsely represents material facts that a reasonable person would rely upon.