SOUTH CAROLINA REAL ESTATE EXAM
PRACTICE QUESTIONS AND CORRECT
ASWRS (VERIFIED ANSWERS) Q&A
2027|INSTANT DOWNLOAD PDF
How many years must a full copy of a transaction file be held by
a broker after closing? - answer......5
Who is responsible for maintaining a habitable property and for
complying with local housing and building codes in a rental
situation? - answer......Lessor
Salespersons must present any client monies received, to their
broker, within - answer......1 business day
The net spendable income generated by an investment is
referred to as - answer......Cash flow
How long must a Broker in Charge or Property Manager in
Charge retain their Trust Fund Account records? - answer......5
years
, The amount per $1,000 used to calculate taxes on property is
the - answer......milliage rate
The common name of the hazardous-waste cleanup fund
established by the Comprehensive Environmental Response,
Compensation and Liability Act (CERCLA) is -
answer......superfund
May eviction and foreclosure notices be delivered electronically
in South Carolina? - answer......NO
How many years of sales experience must a salesperson have in
order to qualify to take the brokers exam? - answer......3
A recipient of a high cost loan on a property in South Carolina
must - answer......receive counseling on the advisability of the
loan
Mortgage "discount" points only apply if which of the following
conditions are met? - answer......The interest rate on the
mortgage loan has been lowered by 1% for each point charged.
PRACTICE QUESTIONS AND CORRECT
ASWRS (VERIFIED ANSWERS) Q&A
2027|INSTANT DOWNLOAD PDF
How many years must a full copy of a transaction file be held by
a broker after closing? - answer......5
Who is responsible for maintaining a habitable property and for
complying with local housing and building codes in a rental
situation? - answer......Lessor
Salespersons must present any client monies received, to their
broker, within - answer......1 business day
The net spendable income generated by an investment is
referred to as - answer......Cash flow
How long must a Broker in Charge or Property Manager in
Charge retain their Trust Fund Account records? - answer......5
years
, The amount per $1,000 used to calculate taxes on property is
the - answer......milliage rate
The common name of the hazardous-waste cleanup fund
established by the Comprehensive Environmental Response,
Compensation and Liability Act (CERCLA) is -
answer......superfund
May eviction and foreclosure notices be delivered electronically
in South Carolina? - answer......NO
How many years of sales experience must a salesperson have in
order to qualify to take the brokers exam? - answer......3
A recipient of a high cost loan on a property in South Carolina
must - answer......receive counseling on the advisability of the
loan
Mortgage "discount" points only apply if which of the following
conditions are met? - answer......The interest rate on the
mortgage loan has been lowered by 1% for each point charged.
