State exam practice questions and solutions

State exam practice questions and solutions

what is the South Carolina real estate commission authorized to do? - answersset requirements
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and standards for real estate licensees, as well as enforce south Carolinas real estate laws
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which statement best describes the people a broker in charge supervises? - answersall
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members of the firm, including associated licensees and unlicensed employees
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which of the duties is outside the scope of the south Carolina real estate commission? -
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answersdeterring commission splits between licensees
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the South Carolina real estate commission performs many duties, but it doesn't get involved in
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disputes related to commission splits
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kenny is buying Josies South Carolina property, which is listed with broker Ariel. who are the
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parties to the listing agreement? - answersJosie and Ariel
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the parties to the listing agreement are the listing broker and the seller
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which term best describes the duties of a dual agent owes to both clients - answerslimited
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to remain balanced and fair, licensees dual agency duties must be limited. they cant perform
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actions that would put one clients interests ahead of another
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in states where they're legal, for which type of listings may a net listing be used? - answersopen,
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exclusive agency, or exclusive right-to-sell
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net listings are only related to the amount of compensation received and may be used with many
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types of listing agreements
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after being evicted for a late payment, under South Carolina law, what action might the landlord
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legally take if the tenant left belongings behind? - answersthe landlord can place the tenants
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belonging on the curb and have them removed by the local trash haulers 48 hours after eviction
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Daniel, a real estate licensee, has entered into a transaction brokerage agreement with Olivia, a
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buyer. what is Olivias relationship to Daniel? - answerscustomer
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Marco is a South Carolina salesperson associated with Movin' on up realty in Spartanburg. he
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and his family own a few single family rental properties in the area. Marco just received a security
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deposit check from a new renter. into which of these accounts is Marco permitted to deposit
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these funds? - answershis personal trust account
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Wayne and sandy are moving to a cabin they own in the country. they decide to sell their South
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Carolina home in the city to their son, Robbie, for an amount equal to what they currently owe on
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the mortgage.does this transaction require the residential property condition disclosure
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statement? - answersno, transfers to direct descendants of one or more transferors are exempt
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stanley and Julie are partnering up to form a team within their South Carolina real estate firm.
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which of the following would be an appropriate name for their team? - answersjust say sold
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partners
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which of the following is a duty of a south carolina listing agent - answersmaintain seller
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confidentiality
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, what is the full name of south Carolinas version of UETA, which was enacted in July of 2004 -
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answersSouth Carolinas uniform electronic transactions act
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which of these South Carolina real estate license holders is considered to have an active license
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- answersclaudia, a salesperson who is lawfully representing clients in real estate transactions
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Sandra is interested in purchasing a time share that would giver her the right to use a unit for two
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unit weeks each year. according to the South Carolina vacation time sharing plans act definition
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of unit week, how many days does this give her? - answers14 days
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a fire occurred in the unit Tha trim is leasing and the unit is no longer habitable. the cause of fire
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was due to electrical issues in the kitchen what remedy does Tim have? - answersTim may
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notify the landlord in writing within seven days of his intent to terminate and vacate
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when does a designated agency agreement end? - answerswhen the transaction closes
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which of the following South Carolina license holders has completed the necessary continuing
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education requirements for license renewal - answersa salesperson completed 10 hours of
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continuing education, with four of those hours on mandated topics
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Tony is a South Carolina resident. hes shopping for a home loan and has received the following
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offers. which of these loans violates consumer protection code? - answersa 20 year loan with a
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9% annual interest rate
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seller Brandon isn't satisfied with the service hes receiving from his listing agent, Doreen.
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brandon terminates agency by _______ the agreement with Doreen - answersrevoking
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according to South Carolina law, buyers and sellers are defined as customers if they - vc vc vc vc vc vc vc vc vc vc vc vc vc vc




answerschoose not to establish an agency relationship with a broker
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if a South Carolina licensee commits a violation and its found the broker In charge didnt
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adequately supervise the licensee, whose license is in jeaopardy? - answersboth the broker in
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charge and the license
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South Carolina licensee Barbara is house hunting in Columbia, and this time, its for a house of
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her own. at what point must she first let the sellers know that she is a licensee ? - answersat her
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first substantive contact with them
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Shania is a South Carolina licensee. where can she find which agency relationships are vc vc vc vc vc vc vc vc vc vc vc vc vc




permitted in her brokerage? - answersbrokerage written policy manual
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time share sales are regulated by - answersthe South Carolina real estate commission
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how long must someone be a resident of South Carolina before qualifying for the homestead
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exemption - answersat least one year as of December 31 of the year before application
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Alan, Jenna and Randall have formed a team within their South Carolina brokerage. they've
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brainstormed a few options for their team name. which of these would permitted? - answersAJR
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Group
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jon is a real estate sales person in South Carolina. she recently moved to a new home, both
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personally and professionally. the office she works at moved to a new location, which happens
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to be a few miles away from the new house jan bought. what does she need to do? -
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