South Carolina - State Exam Practice Questions and Answers 2024 with complete solution

South Carolina - State Exam Practice Questions and Answers 2024 with complete solution If a brokerage firm changes its name, address, phone, or email, within how many days must the commission be notified? A. 10 days B. 30 days C. Immediately D. Seven days - Answer ️️ -A. 10 days The broker-in-charge must notify the real estate commission of changes to name or contact information within 10 days. Which of these would NOT be considered first substantive contact with a customer? A. Asking a couple why they want to move from their gorgeous home. B. Discussing how much savings the customer has. C. Engaging in small talk about the weather and the desire to buy property D. Finding out information about a customer's job and an upcoming raise and bonus - Answer ️️ -C. Engaging in small talk about the weather and the desire to buy property. First substantive contact generally means before discussing financial, confidential, or motivational information with a consumer. According to South Carolina's Residential Landlord and Tenant Act, what's the largest amount a landlord can require for a security deposit? A. $1,000 B. One month's rent C. Six months' rent D. There's no limit - Answer ️️ -D. There's no limit No limit is specified for security deposits, but one month's rent is common. Records related to a real estate transaction in South Carolina must be kept, and available upon commission request, for at least ______ years A. Five B. Seven C. Three D. Two - Answer ️️ -A. Five Records must be retained for at least five years and must be accessible to inspectors or the commission upon request. Charlene is a South Carolina real estate licensee who has three other licensees working under her supervision. What type of license does Charlene hold? A. Broker B. Broker-in-charge C. Office manager D. Salesperson - Answer ️️ -B. Broker-in-charge Only an individual holding a broker-in-charge license can supervise other licensees. If a South Carolina licensee commits a violation and it's found the broker-in-charge didn't adequately supervise the licensee, whose license in jeopardy? A. both the broker-in-charge's and licensee's B. The broker-in-charge's C. The licensee's D. The license of any future licensee of the firm - Answer ️️ -A. Both the broker-in-charge's and licensee's Failure to supervise is a common violation, often occurring when an associated licensee has committed a violation, putting both the licensee's and the affiliated broker-in-charge's license in jeopardy. Alfred, a South Carolina licensee, received trust funds from a client on Monday. When must he deliver the funds to his broker-in-charge? A. By end of day Monday B. By end of day Thursday C. By end of day Tuesday D. By end of day Wednesday - Answer ️️ -C. By end of day Tuesday Associated licensees must deliver trust funds to the broker-in-charge no later than the end of the next business day. Which of these would be considered a lawful tenant complaint against a landlord about a health and safety issue? A. A fire hazard the tenant caused B. An allergy to a neighboring tenant's cooking smells C. An unheated breezeway in the common area D. A pest intrusion - Answer ️️ -D. A pest intrusion Tenants may not make a compliant against a landlord for an unsafe issue the tenant caused. Which one of the following is an example of how agency can be terminated by an act of the agent? A. Renunciation B. The agent