When must a South Carolina real estate licensee notify the commission of a felony conviction?

Can a felon be a real estate agent in South Carolina?

Every applicant must take a criminal background check. But, having a criminal record won’t automatically prevent you from getting your South Carolina real estate license. … Committing a felony that is drug, sex, real estate, or violence related. Violating federal or state fair housing laws.

Which of the following is a requirement of a broker in charge in South Carolina?

Which of the following is a requirement of a broker-in-charge in South Carolina? … Must have an ownership interest in the brokerage and be actively engaged in its management and operations.

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When a South Carolina licensee is involved in a personal real estate transaction which of the following must she disclose to the other parties to the transaction?

Today, she’s walking a new tenant through a one-year lease agreement. Which of the following must be included on page one of this agreement? *South Carolina licensees must disclose their licensed status when they’re involved in a personal real estate transaction, including sales, rentals, exchanges, and auctions.

Who is responsible for completing the South Carolina Residential property Condition Disclosure Statement?

South Carolina law requires a Seller Disclosure form be completed by the seller and given to the buyer prior to entering into a contract of sale. This includes transfers of residential real property consisting of at least one, but not more than four, dwellings units.

Where is a consumer complaint against a South Carolina licensee filed?

A complaint against a licensee may be made to the Commission on the official online complaint form at https://eservice.llr.sc.gov/Complaints/.The complaining party is responsible for ensuring that all the necessary information is included on the form or attached thereto and uploaded along with the complaint.

How much money does a real estate agent make in South Carolina?

Real estate sales agent: The average annual income for a real estate agent in South Carolina is $39,125. However, salaries tend to go up dramatically with years of experience, number of hours worked per week, and designation with top earners making well over the $130,000 mark.

What percentage do real estate agents make in South Carolina?

The data: We surveyed local agents and found that the average real estate commission in South Carolina is 5.83%, which is higher than the national average of 5.50%. Realtor commission is usually the largest cost you’ll face when selling your home — but you don’t have to pay the full 5.83%.

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Can a felon get a passport?

According to USA Today, most felons can get a passport without a problem. This is assuming a person is not currently awaiting trial, on probation or parole or otherwise banned from leaving the country.

Which of the following is a duty of a South Carolina listing agent?

What duty does a listing agent in South Carolina owe to buyers? One of the duties an agent owes a customer (and any other party they encounter related to the transaction) is honest treatment. Agents cannot lie to their client or anyone else involved in the transaction.

How hard 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 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

When must the real estate offer rejection form be used in South Carolina?

Code of Laws Section 40-57- 135(I)(5), this offer rejection form is promulgated by the South Carolina Real Estate Commission for use when a real estate purchase offer is rejected without a counter offer.

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Which offer would be the most appealing to a seller?

A cash offer is usually more appealing than a finance offer as the seller doesn’t need to worry about whether the bank will approve your loan,” says Sam Heskel, president of Nadlan Valuation, an appraisal management company in Brooklyn, New York.

When Must South Carolina licensees provide the disclosure of real estate brokerage relationships to consumers?

Code of Laws Section 40-57-370, a real estate licensee is required to provide you a meaningful explanation of agency relationships offered by the licensee’s brokerage firm. This must be done at the first practical opportunity when you and the licensee have substantive contact.