SC 60 hr real estate class exam questions
with correct answers
How |often |do |we |renew |our |license, |and |by |what |date? |- |CORRECT |ANSWER✔✔-2 |yrs, |June |
30th
How |many |hours |do |we |have |to |complete |biennially? |- |CORRECT |ANSWER✔✔-10 |hrs
If |you |get |revoked, |how |long |do |you |have |to |wait |to |re |apply? |Who |has |the |vote? |- |CORRECT |
ANSWER✔✔-3 |years. |R.E.C.
May |an |BIC |be |in |charge |of |more |than |on |company? |Office? |- |CORRECT |ANSWER✔✔-Yes/ |Yes
How |long |does |a |BIC |have |to |deposit |a |check? |- |CORRECT |ANSWER✔✔-48 |hrs |from |
acceptance |of |offer |(business |hours)
Erosion |of |what |2 |things |affects |the |set |line? |- |CORRECT |ANSWER✔✔-Sand |dunes |and |Beach |
fronts
Landlords |must |provide |what |basic |needs |- |CORRECT |ANSWER✔✔-Heat, |electricity, |hot/ |cold |
water
what |do |you |not |have |to |tell |the |buyer? |- |CORRECT |ANSWER✔✔-Stigma |defects
Main |stigma |defects? |- |CORRECT |ANSWER✔✔-manner |of |death
crime
off |site |hazards
, viruses?
how |many |days |does |the |buyer |have |to |cancel |a |timeshare? |- |CORRECT |ANSWER✔✔-5 |days, |
not |including |sunday
If |a |sales |person |has |a |change |in |address, |does |the |BIC |have |to |notify |the |REC? |- |CORRECT |
ANSWER✔✔-Yes
When |can |an |agent |rep |the |buyer |and |the |seller? |- |CORRECT |ANSWER✔✔-Inform |written |
consent |signed |by |both |parties
What |5 |groups |do |not |need |a |license? |- |CORRECT |ANSWER✔✔-lawyers
forresters
gov |employees
owners
trustees |and |recievers
The |seller |must |do |a |seller |disclosure |form |for |what |kind |of |properties? |- |CORRECT |
ANSWER✔✔-Residential |(up |t0 |4 |units), |previously |occupied
If |we |get |a |security |deposit, |what |account |does |it |go |into? |- |CORRECT |ANSWER✔✔-Trust |
account |(escrow)
What |are |the |4 |main |disciplinary |actions |the |REC |can |take? |- |CORRECT |ANSWER✔✔-Revoke
suspension
fine |(up |to |5K)
public |reprimand
with correct answers
How |often |do |we |renew |our |license, |and |by |what |date? |- |CORRECT |ANSWER✔✔-2 |yrs, |June |
30th
How |many |hours |do |we |have |to |complete |biennially? |- |CORRECT |ANSWER✔✔-10 |hrs
If |you |get |revoked, |how |long |do |you |have |to |wait |to |re |apply? |Who |has |the |vote? |- |CORRECT |
ANSWER✔✔-3 |years. |R.E.C.
May |an |BIC |be |in |charge |of |more |than |on |company? |Office? |- |CORRECT |ANSWER✔✔-Yes/ |Yes
How |long |does |a |BIC |have |to |deposit |a |check? |- |CORRECT |ANSWER✔✔-48 |hrs |from |
acceptance |of |offer |(business |hours)
Erosion |of |what |2 |things |affects |the |set |line? |- |CORRECT |ANSWER✔✔-Sand |dunes |and |Beach |
fronts
Landlords |must |provide |what |basic |needs |- |CORRECT |ANSWER✔✔-Heat, |electricity, |hot/ |cold |
water
what |do |you |not |have |to |tell |the |buyer? |- |CORRECT |ANSWER✔✔-Stigma |defects
Main |stigma |defects? |- |CORRECT |ANSWER✔✔-manner |of |death
crime
off |site |hazards
, viruses?
how |many |days |does |the |buyer |have |to |cancel |a |timeshare? |- |CORRECT |ANSWER✔✔-5 |days, |
not |including |sunday
If |a |sales |person |has |a |change |in |address, |does |the |BIC |have |to |notify |the |REC? |- |CORRECT |
ANSWER✔✔-Yes
When |can |an |agent |rep |the |buyer |and |the |seller? |- |CORRECT |ANSWER✔✔-Inform |written |
consent |signed |by |both |parties
What |5 |groups |do |not |need |a |license? |- |CORRECT |ANSWER✔✔-lawyers
forresters
gov |employees
owners
trustees |and |recievers
The |seller |must |do |a |seller |disclosure |form |for |what |kind |of |properties? |- |CORRECT |
ANSWER✔✔-Residential |(up |t0 |4 |units), |previously |occupied
If |we |get |a |security |deposit, |what |account |does |it |go |into? |- |CORRECT |ANSWER✔✔-Trust |
account |(escrow)
What |are |the |4 |main |disciplinary |actions |the |REC |can |take? |- |CORRECT |ANSWER✔✔-Revoke
suspension
fine |(up |to |5K)
public |reprimand
