SouthCarolina

South Carolina Real Estate Study Guides

The South Carolina License Professor is South Carolina's number one provider of high quality real estate knowledge designed to help YOU pass your South Carolina real estate exam the first time. Explanations and feedback given by the South Carolina License Professor is provided by real estate license instructors and professional realtors from across the United States. Many students have already aced their South Carolina real estate exam by preparing with the South Carolina License Professor.

Contents


South Carolina state specific topics include:

  • Licensing requirements
  • Commissions regulations
  • The Broker Relationships Act
  • Property disclosures
  • Advertising
  • Accounting requirements

The South Carolina License Professor covers all of the PSI necessary fundamentals of real estate including; 1) Property Ownership, 2) Land Use Controls and Regulations, 3) Valuation and Market Analysis, 4) Financing, Laws of Agency, 5) Mandated Disclosures, 6) Contracts, Transfer of Property, 7) Practice of Real Estate, 8) Mathematics, 9)Specialty Areas, as well as, 10) state specific content.

The South Carolina License Professor Features:

  • 3 interactive study methods (Learning, Exam, and Flash Card)
  • 14 practice real estate license exams containing over 2100 questions
  • Both state and national real estate exam questions
  • Specific math and definition exams
  • Real estate specific online dictionary with hundreds of terms phrases

Studying with the South Carolina License Professor will:

  • Increase your understanding of course material
  • Improve your exam comfort, familiarity, and completion speed
  • Start preparing immediately as there is no software to be delivered
  • Work from home comfortably (slippers allowed): Study wherever and whenever you desire
  • Have no need to attend expensive exam prep classes or real estate license school

The content for each South Carolina real estate exam has been extensively planned out by the South Carolina License Professor's editorial staff; professionals who teach real estate license courses all over South Carolina. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the South Carolina License Professor's system provides.

The South Carolina License Professor covers:

  1. Introduction to the Real Estate Business
  2. Real Property and the Law
  3. Concepts of Home Ownership
  4. Agency
  5. Real Estate Brokerage
  6. Listing Agreements and Buyer Representation
  7. Interests in Real Estate
  8. Forms of Real Estate Ownership
  9. Legal Descriptions
  10. Real Estate Taxes and Other Liens
  11. Real Estate Contracts
  12. Transfer of Title
  13. Title Records
  14. Real Estate Financing: Principles
  15. Real Estate Financing: Practice
  16. Leases
  17. Property Management
  18. Real Estate Appraisal
  19. Land-Use Controls and Property Development
  20. Fair Housing and Ethical Practices
  21. Environmental Issues and Real Estate Transactions
  22. Closing the Real Estate Transaction
  23. Real Estate Math
  24. South Carolina Law and Practice

South Carolina Real Estate License Requirements

Real Estate Salesman and Broker License Requirements

Residents

  • Age: Individuals must be 18 to be licensed as a salesman and 21 to be licensed as a broker.
  • Education:A prospective licensee must be a high school graduate or hold a certificate of equivalency.
  • I. Sales license applicants - completion of a Commission-approved 60-hour (or more) course in the fundamentals of real estate. Within one year after passing the examination, the applicant must be sponsored by a broker-in-charge and apply for a provisional sales license, which is mailed to the broker-in-charge. During the first year of licensure, provisional salesmen must complete an additional 30 hours of Commission-approved postlicensing education. To upgrade a provisional license to permanent status, proof of the postlicensing course(s), application, and fee ($25) must be sent to the Real Estate Commission. FAILURE TO MEET THESE REQUIREMENTS WILL RESULT IN THE CANCELLATION OF THE PROVISIONAL SALES LICENSE.
  • II. For a broker's license, completion of 150 hours, 90 hours of which may be the hours required for a salesman's license, of classroom instruction in advanced real estate principles and practices and related topics, and three years of experience within the past five years with a salesman's license or evidence submitted to the Department of a Juris Doctor, Bachelor of Laws degree, or a baccalaureate degree with a major in real estate from an accredited college or university or the Commission may accept proof of related education and at least five years of experience immediately preceding license application in business activities equivalent to or closely related to real estate transactions. Experience There is no licensed experience requirement for a sales examination. For a broker's examination, however, the law requires three or more years of active licensure within the last five years preceding application. To receive recognition for out-of-state experience, the applicant must obtain a Certification of Licensure, including history, education, and disciplinary action from the real estate regulatory agency (commission, board, etc.) of all other states where he/she is or has been licensed before applying for examination. Examination Examinations are scheduled every Monday through Saturday in Beaufort, Charleston, Columbia, Greenville, Myrtle Beach, S.C., and in Charlotte, NC. PSI is the examination provider for the Commission and they publish a Candidate Information Bulletin for approved candidates for the real estate examinations. Candidates receive this bulletin when they receive the examination eligibility letter from the Commission.  Examinees must receive a passing score on both portions of the exam (general and state). Retesting may be scheduled quickly if one or both portions are failed. Miscellaneous I. Commission Review - Any applicant who has been convicted of a crime or sanctioned by any licensing agency or has adverse items on a credit report must reveal that fact on his/her.application. The Regulatory Compliance Department may review the application and then conduct an investigation before an examination can be scheduled. This may result in a delay.
  • II. Processing Fees - Upon original application, each applicant must pay the following fees:
  • 1. Sales - $25 (plus $10 for a credit report). After passing the examination, applicants must pay a license fee of $25 and to upgrade from provisional status, a fee of $25.
  • 2. Broker - $25 (plus $10 for a credit report). After passing the examination, applicants must submit a separate two-year licensing fee of $250 for a broker-in-charge license or $125 for a broker license.
  • PSI's examination fee is $63.
  • Persons not currently licensed in South Carolina must submit certified funds for licensure
Sample Salesperson Exam

Persons Licensed in Other States Moving to South Carolina

  • All applicants (except residents of North Carolina, Georgia, Kentucky, and West Virginia, see Nonresidents below) must meet the requirements outlined previously for residents as to age, education, and experience. Any person who has attended a state Commission-approved school in another state within the five-year period prior to applying for licensure in South Carolina will have that education approved if it meets this Commission's standards for hours and subject matter. Also, applicants who are actively licensed in another state may exempt the general portion of the license examination.
  • Applicants must also submit with the application a Certification of Licensure, including history, education, and disciplinary action from each state in which they have held a license. NONRESIDENTS Residents of North Carolina, Georgia, Kentucky and West Virginia are subject to Reciprocal Agreements in existence between South Carolina and these four states. These agreements apply to persons who do not intend to move to South Carolina prior to licensure and also address requirements for those moving here following reciprocal licensing. Anyone falling into this category should call the Licensing Department of the Commission for specific information concerning reciprocal licensure. 40-57-100. QUALIFYING EDUCATION AND EXAMINATION. (A) As a condition for and before applying to take a license examination, an applicant for a salesman, broker, or property manager license shall provide proof of having met these educational requirements within the last five years:
  • 1. For a salesman's license, completion of 60 hours of classroom instruction in fundamentals of real estate principles and practices or evidence submitted to the Department of a Juris Doctor, Bachelor of Laws degree, or a baccalaureate degree with a major in real estate from an accredited college or university. Within one year following licensure, a salesman shall provide proof of satisfactory completion of thirty hours of post-licensing instruction in advanced real estate principles and practices. Failure to complete the post-licensing education within one year will result in cancellation of the license;
  • 2. For a broker's license, completion of 150 hours, 90 hours of which may be the hours required for a salesman's license, of classroom instruction in advanced real estate principles and practices and related topics, and three years of experience within the past five years with a salesman's license or evidence submitted to the Department of a Juris Doctor, Bachelor of Laws degree, or a baccalaureate degree with a major in real estate from an accredited college or university or the Commission may accept proof of related education and at least five years of experience immediately preceding license application in business activities equivalent to or closely related to real estate transactions;
  • 3. For a property manager's license, completion of 30 hours of classroom instruction in property management principles and practices or evidence submitted to the Department of a Juris Doctor, Bachelor of Laws degree, or a baccalaureate degree with a major in real estate from an accredited college or university.
  • (B) As a condition of licensure, an applicant shall submit to an examination which must be conducted by the Department or a designated test provider at a time and place specified by the Department.
  • 1. The applicant must receive a passing grade on the examination, in accordance with a cut-score determination established by the Department.
  • 2. An applicant who fails an examination may be reexamined within the six-month period following initial examination. If an applicant passes one part of a two-part examination and fails the other, the applicant may be reexamined on the failed portion within the succeeding six-month period.
  • 3. An applicant who passes the examination must apply for a license within one year, or the applicant must reapply for and retake the examination.
  • 4. An individual who, at the time of application, holds a real estate license in another state or jurisdiction or whose real estate license in another state or jurisdiction expired not more than six months before application is required to pass only the state portion of the examination to qualify for licensure.
  • 5. The Department or test provider is authorized to collect and retain reasonable examination fees. An applicant for an examination to be conducted by a test provider shall pay the fee directly to the test provider.