SC Real Estate Pre-Licensing Unit 1

Program overview

Offered by Prominent Solutions: A 360 Real Estate Academy This comprehensive course prepares students to begin a career in real estate by covering key areas required by the South Carolina Real Estate Commission. The course is designed to equip students with a foundational understanding of real estate principles, laws, and practices necessary for licensure and success in the industry. 1. Real Property and Ownership Explore property types, land use rights, legal descriptions, forms of ownership, and interests in real estate. 2. Governmental Controls and Legal Framework Understand real estate-related laws including Fair Housing, ADA, lead-based paint, antitrust, and SC license law. Learn about taxes, zoning, and property rights. 3. Pricing and Valuation Gain knowledge in property valuation, comparative market analysis (CMA), and appraisal methods including cost, income, and sales approaches. 4. Real Estate Finance Study financing options, mortgage types, loan underwriting, and federal lending laws like Truth in Lending and ECOA. 5. Closing and Settlement Learn the procedures and documentation involved in real estate closings, proration, and RESPA guidelines. 6. Agency and Brokerage Relationships Master the concepts of agency, fiduciary duties, disclosure, and the responsibilities of real estate licensees. 7. Contracts Dive into legal contracts, purchase agreements, leases, and property management agreements including creation, elements, and termination. 8. Ethics and Professional Conduct Understand ethical practices, the Golden Rule, professional scenarios, and the role of values in decision-making.