SC REAL ESTATE EXAM QUESTIONS AND
ANSWER 100% CORRECT!!
, In S.C., listing agreements MUST contain the following elements in order to comply with
SC Real Estate License Law requirements? - ANSWER Listing Price, Brokerage
Compensation Arrangements & Expiration Date
A CORRECT statement about a company's office policy on agency relationships is that
the policy: - ANSWER must include a statement about compensation for cooperative
agents
In SC, a licensee MUST take which of the following actions with cash funds received in
the course of a real estate transaction? - ANSWER deliver them immediately to the
licensee's broker-in-charge
a licensee is showing properties of another company to a potential buyer. If a licensee
represents the seller when working with the potential buyer, the licensee is practicing: -
ANSWER Sub-agency
According to SC Real Estate License Law, a licensee licensed with a broker-in-charge
may expect the broker-in-charge to provide the licensee with which of the following?
adequate supervision, office support services, payment t for continuing education
courses, reimbursement for reasonable marketing & advertising expenses - ANSWER
Adequate Supervision
Which of the following statement about failing to satisfy post licensing educational
requirements within the required time after the issuance of initial salesman license is
CORRECT? - ANSWER the license is cancelled
Which of the following actions on the part of licensee is MOST likely to result in license
suspension or revocation? - ANSWER Omitting a material fact while obtaining the
license
The main problem that can arise with dual agency is: - ANSWER conflict of interest may
develop
In SC, which of the following documents MUST be maintained for a required statutory
period? - ANSWER listing contracts
On a Monday of a normal workweek, a BIC receives a $1,000 cash deposit on one of
the agents listings. However, the seller is out go the country & unavailable for another 3
weeks to review the offer. According to SC Real Estate License Law, the BIC is required
ANSWER 100% CORRECT!!
, In S.C., listing agreements MUST contain the following elements in order to comply with
SC Real Estate License Law requirements? - ANSWER Listing Price, Brokerage
Compensation Arrangements & Expiration Date
A CORRECT statement about a company's office policy on agency relationships is that
the policy: - ANSWER must include a statement about compensation for cooperative
agents
In SC, a licensee MUST take which of the following actions with cash funds received in
the course of a real estate transaction? - ANSWER deliver them immediately to the
licensee's broker-in-charge
a licensee is showing properties of another company to a potential buyer. If a licensee
represents the seller when working with the potential buyer, the licensee is practicing: -
ANSWER Sub-agency
According to SC Real Estate License Law, a licensee licensed with a broker-in-charge
may expect the broker-in-charge to provide the licensee with which of the following?
adequate supervision, office support services, payment t for continuing education
courses, reimbursement for reasonable marketing & advertising expenses - ANSWER
Adequate Supervision
Which of the following statement about failing to satisfy post licensing educational
requirements within the required time after the issuance of initial salesman license is
CORRECT? - ANSWER the license is cancelled
Which of the following actions on the part of licensee is MOST likely to result in license
suspension or revocation? - ANSWER Omitting a material fact while obtaining the
license
The main problem that can arise with dual agency is: - ANSWER conflict of interest may
develop
In SC, which of the following documents MUST be maintained for a required statutory
period? - ANSWER listing contracts
On a Monday of a normal workweek, a BIC receives a $1,000 cash deposit on one of
the agents listings. However, the seller is out go the country & unavailable for another 3
weeks to review the offer. According to SC Real Estate License Law, the BIC is required
