SC REAL ESTATE EXAM REVIEW
Questions And Answers |Latest 2025 |
Guaranteed Pass
How often do realtors renew licenses - Answer✔every 2 years by June 30th which I the end of
the fiscal year
how many hours of continuing education do you need - Answer✔8 hrs every 2 years
how long do you need to wait to reinstate your license after it is revoked - Answer✔1 yr
can a broker in charge be over move than 1 branch office at a time - Answer✔yes
broker in charge, receives earnest money at start o acceptance/written acceptance offer, how
long does he have to deposit it - Answer✔48 hours, excluding bank holidays and weekends
coastal zone management-erosion of two things that affect the set back lines - Answer✔sand
dunes and beach front
landlord tenant act-what essential service does he provide access to - Answer✔heat--hot/cold
water--electricity
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latent material defects what do not count are not included - Answer✔stigma defects
psychological
death or manor of death
virus not transmitted through house
offsite hazards
sex offender
broker in charge has a duty to notify the real estate commission when a sales person moves -
Answer✔yes
when is it legal to represent both buyer/seller - Answer✔dual agency form is signed by both
clients
who doesn't have to have a real estate license - Answer✔owner
attorney
trustees/receivers
forrester
government employee
can you do property management with a real estate license - Answer✔yes
when you receive a deposit, where do you deposit to - Answer✔trust account
4 main disciplinary actions that the RE Comm can take against realtor - Answer✔revocation
fine up to 1000 per violation
suspension
public reprimand
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dispute of earnest money, what does BIC do? - Answer✔hold money until dispute is resolved by
written agreement or court order
what kind of damages does earnest money cover - Answer✔liquidated damages
if a licensee wants to transfer companies by mail - Answer✔transfer form sign it and new BIC.
Send in old license, thy will send new license///////can be done online
in sc, net/price listing illegal - Answer✔yes
potential grounds for disciplinary action - Answer✔fraud
forgery
comingling----
steering
blockbusting
redlining
what is the max against someone selling real estate without a license - Answer✔up to 500 and
or up to 6 months in jail
under homestead act, 3 groups that qualify for discount? - Answer✔62 age elderly
disabled
legally blind
3 main exceptions of to our duty of confidentiality - Answer✔court order
consent
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defend
if a buyer chooses not to be represented - Answer✔a customer
what state legislative act lets local govt zone - Answer✔enabling acts
if seller agrees to allow selling agent to keep any dollar amount over certain price - Answer✔net
listing
a buyer signs agreement and it doesn't matter who procures the sale - Answer✔exclusive buyer
agency agreement
example of a general lien - Answer✔judgement
what specific lien are not recorded in public record - Answer✔property taxes
special assessments
in an appraisal, when we apply the 3 approaches to value - Answer✔reconciliation- 3
approaches to value
3 approaches to value - Answer✔sales comparison
income
cost approach
under lead paint act, it applies to houses built before? - Answer✔1978
buyer has how many days to test for lead paint - Answer✔10 days
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