South Carolina Advanced Real Estate Principles: the S.C.A.P. Unit II Program
By Stephen Mettling, David Cusic & Cheryl Davis
- Release Date: 2021-12-09
- Genre: Law
Description
The South Carolina Advanced Real Estate Principles: the “SCAP” Unit II Program has been developed to satisfy South Carolina’s 30-hour Unit II requirement. The course also fulfills the Real Estate Commission’s objective of giving South Carolina real estate licensees a carefully developed reinforcement of key real estate brokerage principles, concepts, and practices necessary to initiate a productive, professional career in real estate.
Beyond an initial review of key principles, the SCAP Program takes on a further examination of essential skills and practices that will be necessary to meet client and customer transactional requirements within South Carolina’s legal framework. Such skills examined include compliance with South Carolina agency and disclosure laws; how to properly represent and disclose property characteristics; and an intensive look at South Carolina transaction contracts: listings; the sales contract; options and contracts for deed. Beyond its agency and contracts topics, the SCAP further examines the other key subjects required by the Commission: ethics; handling trust funds; regulatory compliance; and critical cornerstones of professional practice. Finally, the last two modules of the SCAP program examine the various methods used to measure real property; price and appraise real property; and evaluate how real property is evaluated as a professional investment. These considerations encompass income properties as well as residential non-income property, and include pre-tax analysis as well as after-tax analysis.
Taken as a whole, the South Carolina Advanced Real Estate Principles program is designed to deepen the new licensee’s understanding of how brokerage works in actual practice – and how it is supposed to be undertaken in view of today’s standards of professionalism, ethics, and legal compliance.
