SC state Real Estate exam part 1 already passed

SC state Real Estate exam part 1 already passed All of the Following are required qualifications for licensure EXCEPT ✔✔must submit application for licensure within six months of passing the state exam All of the fol ...

SC state Real Estate exam part 1 already passed All of the Following are required qualifications for licensure EXCEPT ✔✔must submit application for licensure within six months of passing the state exam All of the following are exempt from mandatory continuing education EXCEPT: ✔✔1-( Brokerin-charge if they require mandatory office training ) 2-Salesman who successfully completes a post-licensing course 3-Instructors of approved courses if they request in writing continuing education credit for the time spent teaching or developing approved continuing education courses 4- Licensees on inactive status The number of members of the Commission include ✔✔Ten members, eight licensees and two members of the public. Real Estate Salespersons' license will expire on what date. ✔✔June 30 every two years The primary purpose of the Real Estate License Law is to ✔✔protect the public. The Real Estate Commission has the authority to enforce the rules by which licensees must abide. All of the following are mandated of the Real Estate Commission EXCEPT: ✔✔( Resolve commission disputes between real estate agents.) Answer 2: punish violators. Answer 3: testing of applicants Answer 4: supervision of the BIC The Real Estate Commission may impose all of the following disciplinary actions EXCEPT: ✔✔Answer 1: issue a public reprimand Answer 2: impose fines of not less than $100, nor more than $1000 per violation ITs Answer 3: impose jail time of not less than one month, nor more than six months Answer 4: recover the cost of the investigation and the prosecution South Carolina License Law recognizes five circumstances which are exempt from license law. One circumstance that is exempt from license law (does not require a license) is ✔✔Court appointed receivers and trustees As a condition of licensure, the applicant must pass the appropriate exam. Upon passing the applicable exam(s), applicants must apply for the appropriate license within how much time or lose eligibility? ✔✔One Year Licensees may put their license on inactive status under what conditions? ✔✔For an indefinite period on the condition that the renewal fee is paid biennially Licenses not renewed by the expiration date is considered lapsed. Lapsed licenses may be renewed ✔✔within six months of expiration provided appropriate fees of twenty-five dollars per month in penalties are paid Upon a licensee having their license revoked, the license will not be re-issued for how long? ✔✔one year, if approved by a majority vote of the commission For Non-resident Licensure by reciprocity, all the following apply EXCEPT: ✔✔a nonresident must satisfy continuing education requirements in both states in which a license is held. As a condition of active license renewal, a licensee must be able to provide proof of having completed ✔✔eight hours of approved mandatory continuing education with 2 hours of which must include current federal and state law All of the following are exempt from mandatory continuing education EXCEPT ✔✔Broker-incharge if they require mandatory office training When must a licensee take the post license sales course? ✔✔within one year of receiving the provisional license In the event of the death of the broker-in-charge ✔✔the department may permit an associated licensee to act as the broker-in-charge for up to six months All of the following require a real estate license except ✔✔A property owner's attorney acting within the scope of his/her duties All of the following must be licensed under a Broker-In-Charge except ✔✔Property-Managerin-Charge Every Real Estate Company must have a written office policy. This written policy is the responsibility of ✔✔Broker-In- Charge A licensee may remain on inactive status as long as ✔✔the licensee pays the biennially renewal fee