South Carolina Real Estate License School Online

About

The National Real Estate Exam Prep is a comprehensive course that presents you with the real estate knowledge you require to pass your licensing exam. Some states' licensing exams may vary slightly in terms of the topical distribution in the questions, but we are confident that if you can pass this exam, you will succeed on your state licensing exams.

Topics Covered

Lesson 1: Helpful Hints

Lesson 2: Topic Review

Lesson 3: Summary Exams

Learning Objectives

By the end of the course, you will be able to:

• Identify eight key topic areas to review prior to taking the real estate licensing exam
• Gain an understanding of the main points that you must understand along with a short exam to test your knowledge
• Take a comprehensive test of your real estate knowledge that closely matches the general portion of the licensing exam given around the country

About

All 90-hours of pre-license education needed to receive a real estate license in South Carolina.

About

All 90-hours of pre-license education needed to receive a real estate license in South Carolina plus VanEd's National Real Estate Exam Prep course.

About

Real Estate Principles and Practices for Associates introduces learners to the real estate industry, beginning with a look at real estate as a career. Per state licensing requirements, you will learn about:

• Principles of real property
• Landlord-tenant relationships
• Real estate contracts
• Rules of agency and listings
• Transfer of title to real property
• Title insurance and settlements
• Fundamentals of appraising
• Real estate finance
• Real estate law
• Regulations of the Real Estate Commission
• Details of the Code of Ethics
• Laws and practices covering fair housing
• Basic mathematics pertaining to the real estate industry
• Property condition disclosure and latent defects
• Property management
• Laws and regulations covering hazardous substances

Topics Covered

Module 1: The Real Estate Industry

Module 2: Real Property Ownership, Rights, Interests, and Land Use Controls

Module 3: Contracts

Module 4: Agency

Module 5: Listing Agreements

Module 6: The Selling Process

Module 7: Real Estate Valuation

Module 8: Escrow and Settlement

Module 9: Real Estate Finance

Module 10: Property Management

Module 11: Fair Housing

Module 12: Ethics

Module 13: Real Estate Math

Module 14: Review

Learning Objectives

By the end of this course you will be able to:

• Explain the basic elements of a valid lease and how leases are both a conveyance and a contract.
• Explore the duties, obligations, and rights of the parties to the lease agreement.
• Discuss terminations and evictions.
• Identify types of leasehold estates
• Describe lease types
• Explain the duties of a property manager.
• Summarize the types of properties that benefit from professional management
• Describe both the management proposal and management agreement.
• Summarize the concept of real estate as a bundle of legal rights.
• Recall and compare the definitions of land, real estate, real property, personal property, surface rights, subsurface rights, air rights, and water rights.
• Recognize fixtures, including trade fixtures and apply the legal tests of a fixture.
• Identify the factors that affect land use.
• Discuss the separation of rights of possession and use under different forms of ownership.
• Explain the advantages and disadvantages of various forms of co-ownership.
• Define the term contract
• Describe the elements a valid contract must include.
• Discuss standardized forms most commonly used in real estate.
• Explain the terms oral, implied, and written contracts, equitable title, consideration, legal capacity.
• Discuss ambiguous contracts and how they are handled by courts.
• Explain offers and counteroffers and what constitutes each.
• Identify common contract vocabulary terms Describe agency employment contracts
• List the types of listing agreements
• Define earnest money
• Summarize common sales contract terms and conditions
• Identify when discharge or termination of an offer to purchase occurs
• Explain a contract for deed
• Discuss option contracts and right of first refusal
• Define the term "brokerage relationship," and name the involved parties.
• Explain the fiduciary relationship and real estate agency.
• Identify agents' responsibilities to clients, customers, and third parties.
• Discuss the role of multiple listing associations and cooperative brokerage agreements.
• Describe and contrast the responsibilities of a single agent and a dual agent.
• Identify anti-trust violations in real estate.
• Explain disclosure requirements for agents and sellers
• Describe types of listing agreements
• Identify the essential provisions of a listing agreement
• List ways a listing agreement can be terminated.
• Determine when a broker is entitled to a commission and key methods used to determine compensation.
• Define and discuss the term title as it pertains to real estate
• Identify methods by which title may be transferred.
• Explain the basic requirements for a valid conveyance.
• Identify and describe the various forms of deeds and their essential elements.
• Discuss concepts related to recording such as constructive notice
• Summarize types of title insurance
• Discuss flood insurance programs
• Differentiate among price, cost, and value.
• Give examples of seven types of property value placed.
• Discuss factors, principles, trends, and theories that affect the value of real estate in the market.
• Explain how the principle of balance is tied to these other principles: conformity, contribution, surplus productivity, and the four agents of production.
• Summarize elements of the appraisal industry.
• Describe appraisal reports and CMAs.
• Outline the primary concerns that arise throughout the closing process, for both the buyer and the seller.
• Describe what both the buyer and the seller must do to prepare for the closing date.
• List the documents that the buyer and the seller must complete to close a typical real estate transaction.
• Explain a licensee's responsibility with respect to IRS Form 1099S.
• Recognize the variety of mortgages available and when each would be appropriate for the borrower.
• Describe the difference between a mortgage lender and a mortgage broker.
• Identify common sources of mortgage lenders.
• Explain the primary and secondary mortgage markets and how they interact.
• Discuss the loan process and qualification procedures.
• Summarize FHA and VA loans
• Explain the basic elements of a valid lease and how leases are both a conveyance and a contract.
• Explore the duties, obligations, and rights of the parties to the lease agreement.
• Discuss terminations and evictions.
• Identify types of leasehold estates
• Describe lease types

About

This Advanced Real Estate Principles (Unit II) course is divided into 5 Modules (6-hours each).

• Module A - Agency and Property Disclosure (REC. 3582)
• Module B - Real Estate Contracts (REC. 3583)
• Module C - Ethics and Real Estate (REC. 3584)
• Module D - Measurements and Valuation (REC. 3585)
• Module E - Fair Housing (REC. 3586)

This course aims to help licensees become more proficient in the practice of real estate and reinforce important topics. The course begins with an overview of licensing requirements and the South Carolina License Law before delving into agency relationships and conflicts, service delivery, and property disclosure issues.

Next, licensees will analyze common real estate contracts, classifications, and issues and learn how to deftly handle multiple offers, contingencies, and counteroffers. The Ethics module will examine ethical concepts and dilemmas and prepare licensees to identify ethical situations, assess the facts, explain the ethical choices, and state the reasoning behind a choice.

The Measurements and Valuation section will help learners perform basic real estate calculations, accurately measure property, understand legal property descriptions, and perform a property market analysis. The final module explores fair housing laws, avoiding fair housing violations, and effectively serving multi-cultural real estate consumers.

Topics Covered

Course Topics:

• Module 1 - Agency and Property Disclosure
• Module 2 - Real Estate Contracts
• Module 3 - Ethics and Real Estate
• Module 4 - Measurements and Valuation
• Module 5 - Fair Housing

Learning Objectives

Upon completion of this course, you will be able to:

• Explain key points in agency as required by federal and state laws
• Describe property disclosures required by federal and state laws
• Properly respond to consumer inquiries
• Design a disclosure procedure demonstrating appropriate behavior and documentations
• Critique and analyze common real estate contracts
• Complete common real estate contracts
• Explain the provisions of common real estate contracts
• Identify situations involving real estate ethics
• Assess the facts of ethical situations
• Explain the ethical choices involved and state the reasoning behind the choice
• Demonstrate basic calculations used in measuring property
• Accurately measure a specific example
• Perform a market analysis on a property
• Identify practices that violate fair housing laws
• List the protected classes and exemptions under the Fair Housing Act
• Demonstrate how to implement fair housing practices

About

This trusted textbook, presented as a downloadable PDF, is filled with essential concepts, including topics not covered in the online lessons, that top educators use to create licensing exam questions. Mastering the material in this book gives you a clear advantage, with students who study it performing far better on the exam. Read it, learn the concepts, and greatly increase your chances of passing the licensing exam on your first attempt.

Topics Covered

• Introduction to the Real Estate Business
• Real Property and the Law
• Interests in Real Estate
• Forms of Real Estate Ownership
• Land Description
• Transfer of Title
• Title Records
• Real Estate Brokerage
• Real Estate Agency
• Claim Representation Agreements
• Real Estate Contracts
• Real Estate Financing
• Government Involvement in Real Estate Financing
• Closing the Real Estate Transaction
• Real Estate Taxes and Other Liens
• Real Estate Appraisal
• Leases
• Fair Housing
• Property Management
• Land-Use Controls and Property Development
• Environmental Issues and the Real Estate Transaction

Learning Objectives

By the end of this course, learners will be able to:

• Feel prepared to take their real estate licensing test
• Understand current legislation and market information
• Explain how topics covered relate to real estate law, regulations, and principles to the practice of real estate