SC REAL ESTATE EXAM REVIEW / 500+ STUDY
GUIDE QUESTIONS WITH DEFINITIVE SOLUTIONS.
Terms in this set (504)
how often do realtors renew every 2 years by June 30th which I the end of the fiscal year
licenses
how many hours of 8 hrs every 2 years
continuing education do
you need
how long do you need to 1 yr
wait to reinstate your
license after it is revoked
can a broker in charge be yes
over move than 1 branch
office at a time
broker in charge, receives 48 hours, excluding bank holidays and weekends
earnest money at start o
acceptance/written
acceptance offer, how long
does he have to deposit it
coastal zone management- sand dunes and beach front
erosion of two things that
affect the set back lines
heat--hot/cold water--electricity
landlord tenant act-what
essential service does he
provide access to
,latent material defects what stigma defects psychological death or
do not count are not manor of death virus not transmitted
included through house offsite hazards sex
offender
broker in charge has a duty yes
to notify the real estate
commission when a sales
person moves
when is it legal to represent dual agency form is signed by both clients
both buyer/seller
who doesn't have to have a owner attorney
real estate license trustees/receivers
forrester government
employee
can you do property yes
management with a real
estate license
when you receive a trust account
deposit, where do you
deposit to
4 main disciplinary actions revocation fine up to 1000 per
that the RE Comm can take violation suspension public
against realtor reprimand
dispute of earnest money, hold money until dispute is resolved by written agreement or
what does BIC do? court order
liquidated damages
what kind of damages does
earnest money cover
,if a licensee wants to transfer form sign it and new BIC. Send in old license, thy will
transfer companies by send new license///////can be done online
mail
in sc, net/price listing illegal yes
potential grounds for fraud forgery
disciplinary action comingling---
steering
blockbusting
redlining
what is the max against up to 500 and or up to 6 months in jail
someone selling real
estate without a license
under homestead act, 3 62 age elderly
groups that qualify for disabled legally
discount? blind
3 main exceptions of to our court order
duty of confidentiality consent defend
if a buyer chooses not to be a customer
represented
what state legislative act lets enabling acts
local govt zone
if seller agrees to allow net listing
selling agent to keep any
dollar amount over certain
price
a buyer signs agreement exclusive buyer agency agreement
and it doesn't matter who
procures the sale
, example of a general lien judgement
what specific lien are not property taxes special
recorded in public record assessments
in an appraisal, when we reconciliation- 3 approaches to value
apply the 3 approaches to
value
3 approaches to value sales comparison
income cost
approach
under lead paint act, it 1978
applies to houses built
before?
buyer has how many days to 10 days
test for lead paint
under the superfund act, strict liability
what are the 3 types joint/several retroactive
what if new terms are made initial and date
to contract, what should we
make client do
what kind of title does the equitable title
buyer get when entering into
a binding contract
an option contract binds seller
the....
under statute of fraud, in writing
contracts must be in what
form to be enforcable
GUIDE QUESTIONS WITH DEFINITIVE SOLUTIONS.
Terms in this set (504)
how often do realtors renew every 2 years by June 30th which I the end of the fiscal year
licenses
how many hours of 8 hrs every 2 years
continuing education do
you need
how long do you need to 1 yr
wait to reinstate your
license after it is revoked
can a broker in charge be yes
over move than 1 branch
office at a time
broker in charge, receives 48 hours, excluding bank holidays and weekends
earnest money at start o
acceptance/written
acceptance offer, how long
does he have to deposit it
coastal zone management- sand dunes and beach front
erosion of two things that
affect the set back lines
heat--hot/cold water--electricity
landlord tenant act-what
essential service does he
provide access to
,latent material defects what stigma defects psychological death or
do not count are not manor of death virus not transmitted
included through house offsite hazards sex
offender
broker in charge has a duty yes
to notify the real estate
commission when a sales
person moves
when is it legal to represent dual agency form is signed by both clients
both buyer/seller
who doesn't have to have a owner attorney
real estate license trustees/receivers
forrester government
employee
can you do property yes
management with a real
estate license
when you receive a trust account
deposit, where do you
deposit to
4 main disciplinary actions revocation fine up to 1000 per
that the RE Comm can take violation suspension public
against realtor reprimand
dispute of earnest money, hold money until dispute is resolved by written agreement or
what does BIC do? court order
liquidated damages
what kind of damages does
earnest money cover
,if a licensee wants to transfer form sign it and new BIC. Send in old license, thy will
transfer companies by send new license///////can be done online
in sc, net/price listing illegal yes
potential grounds for fraud forgery
disciplinary action comingling---
steering
blockbusting
redlining
what is the max against up to 500 and or up to 6 months in jail
someone selling real
estate without a license
under homestead act, 3 62 age elderly
groups that qualify for disabled legally
discount? blind
3 main exceptions of to our court order
duty of confidentiality consent defend
if a buyer chooses not to be a customer
represented
what state legislative act lets enabling acts
local govt zone
if seller agrees to allow net listing
selling agent to keep any
dollar amount over certain
price
a buyer signs agreement exclusive buyer agency agreement
and it doesn't matter who
procures the sale
, example of a general lien judgement
what specific lien are not property taxes special
recorded in public record assessments
in an appraisal, when we reconciliation- 3 approaches to value
apply the 3 approaches to
value
3 approaches to value sales comparison
income cost
approach
under lead paint act, it 1978
applies to houses built
before?
buyer has how many days to 10 days
test for lead paint
under the superfund act, strict liability
what are the 3 types joint/several retroactive
what if new terms are made initial and date
to contract, what should we
make client do
what kind of title does the equitable title
buyer get when entering into
a binding contract
an option contract binds seller
the....
under statute of fraud, in writing
contracts must be in what
form to be enforcable
