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Exam (elaborations)

SOUTH CAROLINA REAL ESTATE EXAM

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SOUTH CAROLINA REAL ESTATE EXAM

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A title search would show:


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clouds

,The broker's loan statement must include (among other things) estimated costs including


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escrow, title, appraisal, notary, recording, and credit investigations.




A real estate investment trust, which is also a real estate syndicate, requires at least this
many investors according to federal law?


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100




Cash or something that is easily turned into cash is called a:


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liquid asset




A landlord is allowed to access the premises unannounced in which they own for:


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, Only in case of emergency




In a case in which the seller refuses to pay the broker a commission and the broker does
not sue the seller, what can the sales agent do to receive the commission due to
him/her?


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sue the broker




Which of the following isn't part of a deed?


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novation




What is the difference between market value of a property and the debt on the property
including all liens?


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equity

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