SOUTH CAROLINA REAL ESTATE EXAM PRACTICE
QUESTIONS || ERROR-FREE ANSWERS 100%.
The amount per $1,000 used to calculate taxes on property is the correct answers milliage rate
The common name of the hazardous-waste cleanup fund established by the Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA) is correct answers
superfund
May eviction and foreclosure notices be delivered electronically in South Carolina? correct
answers NO
How many years of sales experience must a salesperson have in order to qualify to take the
brokers exam? correct answers 3
A development map that shows the location and sizes of lots and streets is known as a correct
answers grid plan
he Residential Property Condition Disclosure form applies to transactions that involve no more
than, how many units? correct answers 4
How many years must a full copy of a transaction file be held by a broker after closing? correct
answers 5
Who is responsible for maintaining a habitable property and for complying with local housing
and building codes in a rental situation? correct answers Lessor
Salespersons must present any client monies received, to their broker, within correct answers 1
business day
, The net spendable income generated by an investment is referred to as correct answers Cash flow
How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund
Account records? correct answers 5 years
A recipient of a high cost loan on a property in South Carolina must correct answers receive
counseling on the advisability of the loan
Mortgage "discount" points only apply if which of the following conditions are met? correct
answers The interest rate on the mortgage loan has been lowered by 1% for each point charged.
How long does a South Carolina landlord have to return a security deposit to a tenant at the
conslusion of a lease? correct answers 30 days
Is SC a community property state? correct answers No
Lenders will always order this before making a loan. correct answers an appraisal
Betty Broker presents an offer to her seller, but the terms are not acceptable to the seller. What
form must Betty complete? correct answers an offer rejection form
Mortgage loans with fluctuating rates are termed as correct answers ARM
Does South Carolina have homestead laws? correct answers YES
A buyer is viewing a home and asks the agent if any sex offenders live in the immediate area.
How should the agent respond? correct answers educate the buyer on doing a search for sex
offenders in the area
QUESTIONS || ERROR-FREE ANSWERS 100%.
The amount per $1,000 used to calculate taxes on property is the correct answers milliage rate
The common name of the hazardous-waste cleanup fund established by the Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA) is correct answers
superfund
May eviction and foreclosure notices be delivered electronically in South Carolina? correct
answers NO
How many years of sales experience must a salesperson have in order to qualify to take the
brokers exam? correct answers 3
A development map that shows the location and sizes of lots and streets is known as a correct
answers grid plan
he Residential Property Condition Disclosure form applies to transactions that involve no more
than, how many units? correct answers 4
How many years must a full copy of a transaction file be held by a broker after closing? correct
answers 5
Who is responsible for maintaining a habitable property and for complying with local housing
and building codes in a rental situation? correct answers Lessor
Salespersons must present any client monies received, to their broker, within correct answers 1
business day
, The net spendable income generated by an investment is referred to as correct answers Cash flow
How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund
Account records? correct answers 5 years
A recipient of a high cost loan on a property in South Carolina must correct answers receive
counseling on the advisability of the loan
Mortgage "discount" points only apply if which of the following conditions are met? correct
answers The interest rate on the mortgage loan has been lowered by 1% for each point charged.
How long does a South Carolina landlord have to return a security deposit to a tenant at the
conslusion of a lease? correct answers 30 days
Is SC a community property state? correct answers No
Lenders will always order this before making a loan. correct answers an appraisal
Betty Broker presents an offer to her seller, but the terms are not acceptable to the seller. What
form must Betty complete? correct answers an offer rejection form
Mortgage loans with fluctuating rates are termed as correct answers ARM
Does South Carolina have homestead laws? correct answers YES
A buyer is viewing a home and asks the agent if any sex offenders live in the immediate area.
How should the agent respond? correct answers educate the buyer on doing a search for sex
offenders in the area
