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Hello, I just have a general question to anyone in the real estate industry, specifically in South Carolina. I am interested in taking a real estate pre licensing class, but I see on the class schedule that one of the requirements to obtain your license is you must have satisfactory credit. I was extremely sick almost two years ago and was in and out of the hospital for about 8 months straight (and at the time was a student with no insurance). In that time I accumulated a lot of medical debt and a lot of it was sent to my credit report. It is beyond an amount that I will probably ever be able to pay off ($80,000+). I went from having near perfect credit to awful credit almost overnight. After doing some googling some people online say that it is more of a criminal background check that you need to pass to obtain your realtor license, but that is not what the requirement says. So what I'm wondering is if there is any chance I could become licensed even with bad credit? I don't want to spend the time and money taking this class if there is no possibility of becoming licensed because of my bad credit...Thanks in advance for any advice!
Snowflake,
Don't let it get you down at all if you can't get a realtors license with bad credit.
The real estate market is still horrible, at least it is down here in Aiken, so just
try to pick a field that you don't need a license in and you will be fine.
Real Estate market is doing good in Greenville. So go for it. If you're around Charleston, Columbia, or Greenville you should be fine. Any area that's seeing growth.
Recent trends in South Carolina real estate indicate that prices have evened out as buyer’s and seller’s negotiate a new understanding of the value of property in the modern economic climate. Between the end of 2011 and April of 2012, the average price for a condo or townhouse in South Carolina went from $183,000 to $197,000. Single family homes, both in and out of the city, averaged a list price of $282,000 at the end of last year and seller’s are now asking an average of $270,000. With approximately 55% of the market share, single family homes and townhouses/condos constitute the foundation of the South Carolina real estate market.
Regards,
Gabriella Jaden
Last edited by Gabriella-jaden; 03-18-2013 at 06:32 AM..
How did things work out. Were you able to pass the credit check?
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sc re license
