SC Real Estate State Exam Practice Questions and Answers

SC Real Estate State Exam Practice Questions and Answers How many members are on the SC Real Estate Commission - Correct Answer ️️ -d. 10 The purpose of the SC Real Estate Commission is to: - Correct Answer ️️ -a. regulate the real estate industry in order to protect the public's interest in real estate transactions Who conducts real estate licensee disciplinary hearings? - Correct Answer ️️ -d. The Real Estate Commission A SC real estate salesperson must be at least: - Correct Answer ️️ -a. 18 years old A SC real estate broker must be at least: - Correct Answer ️️ -b. 21 years old To obtain a SC real estate salesperson's license requires: - Correct Answer ️️ -b. at least a high school degree or the equivalent Which of the following is NOT a sanction that can be imposed by the Real Estate Commission against a licensee? - Correct Answer ️️ -a. jail Practicing real estate without a license is a(n) - Correct Answer ️️ -c. misdemeanor The SC Real Estate Commission's Education and Research Fund is NOT used for which of the following? - Correct Answer ️️ -d. providing college scholarships A salesperson must ahve how many years' experience to become a broker? - Correct Answer ️️ -c. 3 years A real estate salesperson must be affiliated with - Correct Answer ️️ -c. a broker-in- charge Real estate license terms are - Correct Answer ️️ -b. 2 years which of the following is NOT a license status? - Correct Answer ️️ -a. conditional which of the following parties is exempt from obtaining a real estate license? - Correct Answer ️️ -b. an attorney representing a client a licensee whose license has been revoked may not reapply for a license for how many years? - Correct Answer ️️ -c. 3 years with how many brokers-in-charge may a salesperson be associated? - Correct Answer ️️ -a. 1 all license applicants must - Correct Answer ️️ -b. pass the state portion of the license exam a nonresident licensee must - Correct Answer ️️ -d. comply with all SC laws to obtain a SC real estate property manger license requires: - Correct Answer ️️ -b. at least a high school degree or the equivalent the Real Estate Commission recommends legislation to: - Correct Answer ️️ -b. protect the public the total number of pre-license education hours required to obtain a salesperson's license is: - Correct Answer ️️ -c. 90 hours who is responsible for supervising office licensees? - Correct Answer ️️ -a. the broker- in-charge the broker-in-charge in a real estate office must: - Correct Answer ️️ -d. establish and maintain a written policy manual a broker-in-charge must be available to the public - Correct Answer ️️ -a. during normal business hours an associate licensee i.e. a salesperson, may temporarily act as a broker-in-charge in the event of a management vacancy for: - Correct Answer ️️ -b. up to 6 months team members practicing real estate within a single brokerage organization: - Correct Answer ️️ -d. must conduct business from their commission-registered branch office a broker-in-charge: - Correct Answer ️️ -b. may pay a referral fee to an unlicensed person who is a party to a transaction in a personal transaction, a licensee must disclose his/her license status: - Correct Answer ️️ -c. at the first practical opportunity after substantive contact is made with the other party which of the following constitutes "substantive contact"? - Correct Answer ️️ -a. when a buyer asks why the owner is selling