South Carolina Real Estate Exam
Practice Questions
The camount cper c$1,000 cused cto ccalculate ctaxes con cproperty cis cthe c- cCORRECT
cANS✔✔milliage crate
The ccommon cname cof cthe chazardous-waste ccleanup cfund cestablished cby cthe
cComprehensive cEnvironmental cResponse, cCompensation cand cLiability cAct
c(CERCLA) cis c- cCORRECT cANS✔✔superfund
May ceviction cand cforeclosure cnotices cbe cdelivered celectronically cin cSouth cCarolina?
c- cCORRECT cANS✔✔NO
How cmany cyears cof csales cexperience cmust ca csalesperson chave cin corder cto cqualify
cto ctake cthe cbrokers cexam? c- cCORRECT cANS✔✔3
A cdevelopment cmap cthat cshows cthe clocation cand csizes cof clots cand cstreets cis
cknown cas ca c- cCORRECT cANS✔✔grid cplan
he cResidential cProperty cCondition cDisclosure cform capplies cto ctransactions cthat
cinvolve cno cmore cthan, chow cmany cunits? c- cCORRECT cANS✔✔4
How cmany cyears cmust ca cfull ccopy cof ca ctransaction cfile cbe cheld cby ca cbroker cafter
cclosing? c- cCORRECT cANS✔✔5
Who cis cresponsible cfor cmaintaining ca chabitable cproperty cand cfor ccomplying cwith
clocal chousing cand cbuilding ccodes cin ca crental csituation? c- cCORRECT
cANS✔✔Lessor
Salespersons cmust cpresent cany cclient cmonies creceived, cto ctheir cbroker, cwithin c-
cCORRECT cANS✔✔1 cbusiness cday
, The cnet cspendable cincome cgenerated cby can cinvestment cis creferred cto cas c-
cCORRECT cANS✔✔Cash cflow
How clong cmust ca cBroker cin cCharge cor cProperty cManager cin cCharge cretain ctheir
cTrust cFund cAccount crecords? c- cCORRECT cANS✔✔5 cyears
A crecipient cof ca chigh ccost cloan con ca cproperty cin cSouth cCarolina cmust c-
cCORRECT cANS✔✔receive ccounseling con cthe cadvisability cof cthe cloan
Mortgage c"discount" cpoints conly capply cif cwhich cof cthe cfollowing cconditions care
cmet? c- cCORRECT cANS✔✔The cinterest crate con cthe cmortgage cloan chas cbeen
clowered cby c1% cfor ceach cpoint ccharged.
How clong cdoes ca cSouth cCarolina clandlord chave cto creturn ca csecurity cdeposit cto ca
ctenant cat cthe cconslusion cof ca clease? c- cCORRECT cANS✔✔30 cdays
Is cSC ca ccommunity cproperty cstate? c- cCORRECT cANS✔✔No
Lenders cwill calways corder cthis cbefore cmaking ca cloan. c- cCORRECT cANS✔✔an
cappraisal
Betty cBroker cpresents can coffer cto cher cseller, cbut cthe cterms care cnot cacceptable cto
cthe cseller. cWhat cform cmust cBetty ccomplete? c- cCORRECT cANS✔✔an coffer
crejection cform
Mortgage cloans cwith cfluctuating crates care ctermed cas c- cCORRECT cANS✔✔ARM
Does cSouth cCarolina chave chomestead claws? c- cCORRECT cANS✔✔YES
A cbuyer cis cviewing ca chome cand casks cthe cagent cif cany csex coffenders clive cin cthe
cimmediate carea. cHow cshould cthe cagent crespond? c- cCORRECT cANS✔✔educate
cthe cbuyer con cdoing ca csearch cfor csex coffenders cin cthe carea
An ceasement cby cprescription cmay cestablish: c- cCORRECT cANS✔✔use cof cproperty
Disabled cpeople care cprotected cunder cFair cHousing claw cwhen crenting cin cmulti-family
cunits. cHow cmany cunits cmust cbe cin cthe cconstruction, cin corder cfor cthe claw cto
capply? c- cCORRECT cANS✔✔4
Which claws care cintended cto cprotect cconsumers cfrom cexcessive cinterest crates con
cloans? c- cCORRECT cANS✔✔usury claws
When cpurchasing ca cVacation cTime cSharing cPlan, cthe cconsumer cmay ccancel cthe
ccontract cup cto chow cmay cdays cafter csigning? c- cCORRECT cANS✔✔5
Standing ctrees cwould cbe cconsidered: c- cCORRECT cANS✔✔real cproperty
Practice Questions
The camount cper c$1,000 cused cto ccalculate ctaxes con cproperty cis cthe c- cCORRECT
cANS✔✔milliage crate
The ccommon cname cof cthe chazardous-waste ccleanup cfund cestablished cby cthe
cComprehensive cEnvironmental cResponse, cCompensation cand cLiability cAct
c(CERCLA) cis c- cCORRECT cANS✔✔superfund
May ceviction cand cforeclosure cnotices cbe cdelivered celectronically cin cSouth cCarolina?
c- cCORRECT cANS✔✔NO
How cmany cyears cof csales cexperience cmust ca csalesperson chave cin corder cto cqualify
cto ctake cthe cbrokers cexam? c- cCORRECT cANS✔✔3
A cdevelopment cmap cthat cshows cthe clocation cand csizes cof clots cand cstreets cis
cknown cas ca c- cCORRECT cANS✔✔grid cplan
he cResidential cProperty cCondition cDisclosure cform capplies cto ctransactions cthat
cinvolve cno cmore cthan, chow cmany cunits? c- cCORRECT cANS✔✔4
How cmany cyears cmust ca cfull ccopy cof ca ctransaction cfile cbe cheld cby ca cbroker cafter
cclosing? c- cCORRECT cANS✔✔5
Who cis cresponsible cfor cmaintaining ca chabitable cproperty cand cfor ccomplying cwith
clocal chousing cand cbuilding ccodes cin ca crental csituation? c- cCORRECT
cANS✔✔Lessor
Salespersons cmust cpresent cany cclient cmonies creceived, cto ctheir cbroker, cwithin c-
cCORRECT cANS✔✔1 cbusiness cday
, The cnet cspendable cincome cgenerated cby can cinvestment cis creferred cto cas c-
cCORRECT cANS✔✔Cash cflow
How clong cmust ca cBroker cin cCharge cor cProperty cManager cin cCharge cretain ctheir
cTrust cFund cAccount crecords? c- cCORRECT cANS✔✔5 cyears
A crecipient cof ca chigh ccost cloan con ca cproperty cin cSouth cCarolina cmust c-
cCORRECT cANS✔✔receive ccounseling con cthe cadvisability cof cthe cloan
Mortgage c"discount" cpoints conly capply cif cwhich cof cthe cfollowing cconditions care
cmet? c- cCORRECT cANS✔✔The cinterest crate con cthe cmortgage cloan chas cbeen
clowered cby c1% cfor ceach cpoint ccharged.
How clong cdoes ca cSouth cCarolina clandlord chave cto creturn ca csecurity cdeposit cto ca
ctenant cat cthe cconslusion cof ca clease? c- cCORRECT cANS✔✔30 cdays
Is cSC ca ccommunity cproperty cstate? c- cCORRECT cANS✔✔No
Lenders cwill calways corder cthis cbefore cmaking ca cloan. c- cCORRECT cANS✔✔an
cappraisal
Betty cBroker cpresents can coffer cto cher cseller, cbut cthe cterms care cnot cacceptable cto
cthe cseller. cWhat cform cmust cBetty ccomplete? c- cCORRECT cANS✔✔an coffer
crejection cform
Mortgage cloans cwith cfluctuating crates care ctermed cas c- cCORRECT cANS✔✔ARM
Does cSouth cCarolina chave chomestead claws? c- cCORRECT cANS✔✔YES
A cbuyer cis cviewing ca chome cand casks cthe cagent cif cany csex coffenders clive cin cthe
cimmediate carea. cHow cshould cthe cagent crespond? c- cCORRECT cANS✔✔educate
cthe cbuyer con cdoing ca csearch cfor csex coffenders cin cthe carea
An ceasement cby cprescription cmay cestablish: c- cCORRECT cANS✔✔use cof cproperty
Disabled cpeople care cprotected cunder cFair cHousing claw cwhen crenting cin cmulti-family
cunits. cHow cmany cunits cmust cbe cin cthe cconstruction, cin corder cfor cthe claw cto
capply? c- cCORRECT cANS✔✔4
Which claws care cintended cto cprotect cconsumers cfrom cexcessive cinterest crates con
cloans? c- cCORRECT cANS✔✔usury claws
When cpurchasing ca cVacation cTime cSharing cPlan, cthe cconsumer cmay ccancel cthe
ccontract cup cto chow cmay cdays cafter csigning? c- cCORRECT cANS✔✔5
Standing ctrees cwould cbe cconsidered: c- cCORRECT cANS✔✔real cproperty
