An office/company policy in South Carolina must include which of the following
elements?
A: A policy on fair housing
B: A client arbitration clause
C: A policy on ethical awareness
D: A continuing education clause
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, A policy on fair housing
Every office/company policy in South Carolina must include a policy on fair
housing.
A broker had his broker's license revoked for conviction on drug charges. How soon may
a new license be issued to him?
A: Once 3 members of the Commission approve the reinstatement
B: Never
C: After a period of 6 months if he submits proof of trustworthiness and honesty
D: After 1 year if he submits proof of trustworthiness and honesty
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After 1 year if he submits proof of trustworthiness and honesty
A broker's license may be reissued after 1 year as long as he proves that he is
trustworthy and honest and a majority of the 9 member Commission approves
the reinstatement.
A broker, realizes that her escrow account has no current deposits. She receives a letter
from the bank warning her that the account requires a minimum balance of $100 to stay
open. Can the broker deposit personal funds in the escrow account to keep it open?
A: Yes, she may deposit personal funds up to a maximum of $500.
B: Yes, but she may only deposit the minimum required to keep the account open.
C: No, this is considered commingling of funds which is illegal.
D: No, she must appeal to the bank for a waiver of the minimum balance requirement.
, Give this one a try later!
Yes, but she may only deposit the minimum required to keep the account
open.
For how long can each member of the Real Estate Commission remain in their appointed
or elected position?
A: 2 years
B: 4 years
C: 6 years
D: 5 years
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4 years
A realty company has agency agreements with both a buyer and a seller. The buyer
would like to make an offer on the seller's property. Under what circumstances, if any, is
this permitted?
A: This is only allowable if both parties give their consent to the dual agency.
B: This is only allowable if the seller has agreed to pay the commission.
C: Since both parties have signed agency agreements, this is allowable.
D: Dual agency is never allowable in the state of South Carolina.
Give this one a try later!
elements?
A: A policy on fair housing
B: A client arbitration clause
C: A policy on ethical awareness
D: A continuing education clause
Give this one a try later!
, A policy on fair housing
Every office/company policy in South Carolina must include a policy on fair
housing.
A broker had his broker's license revoked for conviction on drug charges. How soon may
a new license be issued to him?
A: Once 3 members of the Commission approve the reinstatement
B: Never
C: After a period of 6 months if he submits proof of trustworthiness and honesty
D: After 1 year if he submits proof of trustworthiness and honesty
Give this one a try later!
After 1 year if he submits proof of trustworthiness and honesty
A broker's license may be reissued after 1 year as long as he proves that he is
trustworthy and honest and a majority of the 9 member Commission approves
the reinstatement.
A broker, realizes that her escrow account has no current deposits. She receives a letter
from the bank warning her that the account requires a minimum balance of $100 to stay
open. Can the broker deposit personal funds in the escrow account to keep it open?
A: Yes, she may deposit personal funds up to a maximum of $500.
B: Yes, but she may only deposit the minimum required to keep the account open.
C: No, this is considered commingling of funds which is illegal.
D: No, she must appeal to the bank for a waiver of the minimum balance requirement.
, Give this one a try later!
Yes, but she may only deposit the minimum required to keep the account
open.
For how long can each member of the Real Estate Commission remain in their appointed
or elected position?
A: 2 years
B: 4 years
C: 6 years
D: 5 years
Give this one a try later!
4 years
A realty company has agency agreements with both a buyer and a seller. The buyer
would like to make an offer on the seller's property. Under what circumstances, if any, is
this permitted?
A: This is only allowable if both parties give their consent to the dual agency.
B: This is only allowable if the seller has agreed to pay the commission.
C: Since both parties have signed agency agreements, this is allowable.
D: Dual agency is never allowable in the state of South Carolina.
Give this one a try later!
