South Carolina License Law
The South Carolina Real Estate Commission may deny a license application based on:
AThe applicant's political affiliation
BA felony conviction or crime involving moral turpitude✓ Correct
CThe applicant's financial net worth
DThe applicant's age (if over 65)
Explanation
SCREC may deny a license application if the applicant has a felony conviction or has been convicted of a crime involving moral turpitude (dishonesty, fraud). Each case is reviewed individually.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
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