SC Form 310 Agreement/Contract: to Buy and Sell Real Estate (Residential) 2020-2026 free printable template

AGREEMENT TO BUY AND SELL REAL ESTATE RESIDENTIAL 1. PARTIES This legally binding Agreement entered into on between Buyer s hereinafter called BUYER and Seller s property shall be deeded in the name s of 2. All escrow money received shall be deposited as required by South Carolina law and South Carolina Real Estate Commission Rules and Regulations. At the consummation of this sale the earnest money deposit shall be credited to the Buyer. THE PARTIES UNDERSTAND THAT UNDER ALL CIRCUMSTANCES...

How to fill out what south carolina real estate contracts

How to fill out SC Form 310 Agreement/Contract: to Buy and Sell

1. Start with the basic information: Enter the names and addresses of both the buyer and the seller.
2. Describe the property: Provide a detailed description of the property being sold, including its address, legal description, and any fixtures or amenities included.
3. Specify the purchase price: Clearly state the total sale price of the property.
4. Outline payment terms: Indicate how the buyer will pay, including any deposit amounts and financing arrangements.
5. Include contingencies: Specify any conditions that must be met for the sale to proceed (e.g., inspections, financing approval).
6. Determine closing details: Set the date and location for the closing of the sale.
7. Signatures: Ensure both parties sign and date the agreement, alongside any witnesses or notaries if required.

Who needs SC Form 310 Agreement/Contract: to Buy and Sell?

1. Anyone involved in the real estate transaction, specifically buyers and sellers of property, real estate agents, and legal representatives handling property sales.

• Who needs a 310 Form?
• What is the purpose of the Agreement?
• What other documents must accompany the Agreement?
• • When is the Agreement due?
  • What sections of the Agreement should be completed?
  • What do I do with the agreement after its completion?

Who needs a 310 Form?

The Agreement to buy and sell real estate residential is used by the individuals who want to buy or sell the real estate property in South Carolina. It’s a legally binding contract between two parties.

What is the purpose of the Agreement?

The Agreement to Buy and Sell Real Estate Residential determines the basic conditions of buying and selling the real estate property: purchase price, method of payment, closing costs, condition of property, etc. One can also find the information about the Buyer and the Seller in this Agreement.

What other documents must accompany the Agreement?

The copy of the HUD-1 form should accompany the agreement. The Parties may require other supporting documents of there is a need: Loan Approval, FHA Mortgage Insurance, and others.

When is the Agreement due?

The Agreement comes into force on the date of its signing by both Parties and their representatives. The estimated time for completing the Agreement is thirty minutes.

What sections of the Agreement should be completed?

The Agreement to Buy and Sell Real Estate Residential has the following clauses for completion:

• Parties: information about the Buyer and the Seller of real estate

• Property to be sold

• Terms of conveyance

• Purchase price

• Method of payment

• Earnest money

• Loan processing and application

• Home protection plan coverage

• Expiration of offer

• Extension agreement

• Adjustments

• Non-resident tax

• Risk of loss or damage

• Default

• Condition of property (inspection, disclosure statement, maintenance, wood infestation report)

• Appraised value

• Coastal tidelands and wetlands act

• Contingencies

The Parties and their representatives must also date and sign the Agreement.

Each page of the agreement also has the field for the Buyer’s and Seller’s initials.

What do I do with the agreement after its completion?

The Parties complete and sign the Agreement in two copies: one for the Buyer and one for the Seller. These copies are kept for further reference.

People Also Ask about south carolina real estate forms

What information is a South Carolina sales agreement required to include?

These conditions will include the closing date, purchase price, financing terms, and expiration date by which both parties must agree to the conditions. Ownership of the property can only be transferred legally if both the seller and buyer agree to the prescribed terms and sign the contract.

Are real estate commissions negotiable in SC?

First, commission is always negotiable, so the amount that a real estate agent gets is a result of what the seller and the brokerage agree upon. And second, the commission in a South Carolina real estate sale is typically split several ways — meaning you won't get it all for yourself.

How do you negotiate down real estate commission?

Consider the market and season In building your case for a reduced commission, evaluate the current real estate market in your area. In a red hot seller's market, listing agents may be more likely to negotiate a lower commission, as your home is likely to sell quickly without much work on the agent's part.

Is a real estate commission is always negotiable?

Realtor fees are technically always negotiable, regardless of what an agent or broker might tell you. But your ability to negotiate a lower rate — and how much lower — depends on a variety of factors, including your property, demand in your area, the agent's relationship with their brokerage, and the current market.

Who makes up the South Carolina Real Estate Commission?

The SCREC is made up of seven elected members who actively engage in real estate professionally, and two public members, appointed by the governor, who do not practice real estate. A tenth at large member is appointed by the others.

How much does a South Carolina real estate license cost?

How Much Does It Cost to Get a South Carolina Real Estate License? Course Tuition$135.00 - $500.00Fingerprinting & Background Check Fees$43.05Application Fee$90.00Examination Fee$62.00Total$350.00 - $800.00

What is the relationship between Screc and the Scllr?

The key difference between the two departments is that the SCREC is specific to real estate professions, including real estate agents, brokers, and property managers, while the SCLLR oversees all professional licensing within the state (which includes occupations like nursing, accounting, and cosmetology).

What is the duty of the South Carolina Real Estate Commission?

The Real Estate Commission regulates Real Estate Brokers, Salespersons and Property Managers and administers the registration of timeshare Projects and out-of-state subdivided land sale's being marketed in the State of South Carolina.

What do you have to make on the SC real estate exam?

After meeting the education and/or experience requirements, pass the real estate licensing examination. You must earn a score of 70% or higher to pass.

How much does it cost to renew your real estate license in SC?

South Carolina Real Estate Renewal Cost StatusReal Estate SalespersonReal Estate BrokerRenewal Cost Online$45$55In-Office or Mail Renewal Cost$45$55Late Penalty Fee (per month after expiration)$15$15Total Cost$45 – $135$55 – $145 Mar 17, 2023

What is a passing score on the SC real estate exam?

A passing score for the South Carolina Real Estate Salesperson Exam is 56/80 on the National section and 28/40 on the State section. Immediately after completing your exam, you will receive a scoring document that states whether you passed or failed.

What is the South Carolina Real Estate Commission authorized to do?

The Real Estate Commission regulates Real Estate Brokers, Salespersons and Property Managers and administers the registration of timeshare Projects and out-of-state subdivided land sale's being marketed in the State of South Carolina.

What is the state portion of the real estate exam in South Carolina?

There are 120 questions on the South Carolina real estate salesperson exam. The National portion has 80 questions and that state portion has 40 questions for a total of 120 points.

For pdfFiller’s FAQs

What is SC Form 310 Agreement/Contract: to Buy and Sell?

SC Form 310 is a legal document used in South Carolina that outlines the terms and conditions of a real estate transaction between a buyer and a seller.

Who is required to file SC Form 310 Agreement/Contract: to Buy and Sell?

Both the buyer and the seller participating in a real estate transaction in South Carolina are typically required to complete and file SC Form 310.

How to fill out SC Form 310 Agreement/Contract: to Buy and Sell?

To fill out SC Form 310, both parties must provide accurate information regarding the property, purchase price, closing date, and any contingencies or special agreements that apply.

What is the purpose of SC Form 310 Agreement/Contract: to Buy and Sell?

The purpose of SC Form 310 is to create a binding agreement between the buyer and seller, outlining the rights and obligations of each party concerning the sale of the property.

What information must be reported on SC Form 310 Agreement/Contract: to Buy and Sell?

SC Form 310 must report information such as the names of the buyer and seller, property description, purchase price, closing date, and any specific terms or conditions agreed upon by both parties.