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

A. Must be at least 25 years old
B. Must complete at least 180 hours of pre-licensing education
C. Must have an ownership interest in the brokerage and be actively engaged in its management and operations
D. Must have at least five years of real estate experience in the last seven years

Question

23-07-2024
Law

Answered

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

A. Must be at least 25 years old
B. Must complete at least 180 hours of pre-licensing education
C. Must have an ownership interest in the brokerage and be actively engaged in its management and operations
D. Must have at least five years of real estate experience in the last seven years

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-23T08:38:36-04:00

Final answer:

A broker-in-charge in South Carolina must have an ownership interest in the brokerage, five years of recent real estate experience, and complete 180 hours of pre-licensing education.

Explanation:

Must have an ownership interest in the brokerage and be actively engaged in its management and operations. This means that the broker-in-charge needs to have a direct stake in the brokerage's activities and oversee its day-to-day functions.

Must have at least five years of real estate experience in the last seven years. This requirement ensures that the broker-in-charge possesses a substantial level of real estate knowledge and expertise.

Must complete at least 180 hours of pre-licensing education. This educational component is essential for providing the broker-in-charge with the necessary foundation to lead effectively.

Learn more about Broker-in-Charge Requirements in South Carolina here:

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