SC Real Estate- State portion Study Guide
Questions with correct answers
SC |Real |Estate |Commission |- |CORRECT |ANSWER✔✔-Consists |of |10 |elected |and/or |appointed |
members
SC |Real |estate |commission |power |and |duties |- |CORRECT |ANSWER✔✔--Determine |standards |
for |education |and |education |providers.
-Recommend |legislation |to |protect |the |public. |
-Determine |conditions |for |license |renewal.
- |Conduct |disciplinary |hearings |and |decide |disciplinary |action.
SCREC |disciplinary |actions |- |CORRECT |ANSWER✔✔-reprimand
probation, |suspension, |or |revocation |of |license. |
additional |education
special |supervision
fines |from |$500-$5,000 |per |violation
LLR |investigations |- |CORRECT |ANSWER✔✔-Concluded |within |150 |days
LLR |members |must |have |at |least |100 |hours |of |training
How |many |days |until |after |a |LLR |hearing |will |you |receive |an |outcome |- |CORRECT |
ANSWER✔✔-90 |days
licensee |may |appeal |the |decision |to |Administrative |law
How |much |money |does |the |SCREC |take |from |a |renewal |fee? |- |CORRECT |ANSWER✔✔-$10
this |money |goes |goes |in |the |Education |and |research |fund.
, What |do |you |need |be |licensed |to |do? |- |CORRECT |ANSWER✔✔--negotiate |listings |or |any |sale |
of |real |estate |that |is |not |personally |owned
-auctioning
-solicit |referrals |to |conduct |real |estate |activities
-Provide |real |estate |advisory |services
-offers |to |or |act |as |an |agent |in |a |transaction
punishments |for |practicing |without |a |license |- |CORRECT |ANSWER✔✔-misdemeanor
fine |of |$500
jailed |for |less |than |a |year
exemptions |from |licensure |- |CORRECT |ANSWER✔✔--owner |selling |their |own |property
-attorney |representing |a |client |
-government |employees |performing |official |duties
registered |foresters |if |sale |is |incidental |to |sale |of |timber |on |the |property
-court |appointed |receivers |and |trustees |acting |within |scope |of |duties
how |long |does |a |license |last |before |having |to |renew |- |CORRECT |ANSWER✔✔-2 |years, |expiring
|on |June |30 |of |the |year |of |expiration
Renewal |notices |must |be |mailed |by |or |completed |online |by |when? |- |CORRECT |ANSWER✔✔-
may |1st
when |do |late |fees |to |renew |a |license |apply |- |CORRECT |ANSWER✔✔-July |1st
Questions with correct answers
SC |Real |Estate |Commission |- |CORRECT |ANSWER✔✔-Consists |of |10 |elected |and/or |appointed |
members
SC |Real |estate |commission |power |and |duties |- |CORRECT |ANSWER✔✔--Determine |standards |
for |education |and |education |providers.
-Recommend |legislation |to |protect |the |public. |
-Determine |conditions |for |license |renewal.
- |Conduct |disciplinary |hearings |and |decide |disciplinary |action.
SCREC |disciplinary |actions |- |CORRECT |ANSWER✔✔-reprimand
probation, |suspension, |or |revocation |of |license. |
additional |education
special |supervision
fines |from |$500-$5,000 |per |violation
LLR |investigations |- |CORRECT |ANSWER✔✔-Concluded |within |150 |days
LLR |members |must |have |at |least |100 |hours |of |training
How |many |days |until |after |a |LLR |hearing |will |you |receive |an |outcome |- |CORRECT |
ANSWER✔✔-90 |days
licensee |may |appeal |the |decision |to |Administrative |law
How |much |money |does |the |SCREC |take |from |a |renewal |fee? |- |CORRECT |ANSWER✔✔-$10
this |money |goes |goes |in |the |Education |and |research |fund.
, What |do |you |need |be |licensed |to |do? |- |CORRECT |ANSWER✔✔--negotiate |listings |or |any |sale |
of |real |estate |that |is |not |personally |owned
-auctioning
-solicit |referrals |to |conduct |real |estate |activities
-Provide |real |estate |advisory |services
-offers |to |or |act |as |an |agent |in |a |transaction
punishments |for |practicing |without |a |license |- |CORRECT |ANSWER✔✔-misdemeanor
fine |of |$500
jailed |for |less |than |a |year
exemptions |from |licensure |- |CORRECT |ANSWER✔✔--owner |selling |their |own |property
-attorney |representing |a |client |
-government |employees |performing |official |duties
registered |foresters |if |sale |is |incidental |to |sale |of |timber |on |the |property
-court |appointed |receivers |and |trustees |acting |within |scope |of |duties
how |long |does |a |license |last |before |having |to |renew |- |CORRECT |ANSWER✔✔-2 |years, |expiring
|on |June |30 |of |the |year |of |expiration
Renewal |notices |must |be |mailed |by |or |completed |online |by |when? |- |CORRECT |ANSWER✔✔-
may |1st
when |do |late |fees |to |renew |a |license |apply |- |CORRECT |ANSWER✔✔-July |1st
