Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 4 out of 35 pages
Exam (elaborations)

SC REAL ESTATE STATE QUESTIONS WITH COMPLETE ANSWERS

Document preview thumbnail
Preview 4 out of 35 pages

SC REAL ESTATE STATE QUESTIONS WITH COMPLETE ANSWERS

Content preview

a broker-in-charge must maintain records for at least


Give this one a try later!


c. 5 years

,According to a 2015 report by the FTC how often is inaccurate information found in
consumer credit records?


Give this one a try later!


c. almost 25% of all records




from whom may an associated license receive compensation?


Give this one a try later!


d. his/her employing broker




how many branch offices is a brokerage firm allowed to have?


Give this one a try later!


a. no limit




a buyer, represented by an associated licensee of Down n Dirty Real Estate, wants to
make an offer on property listed personally by the firm's broker-in-charge. What kind of
agency relationship is required?


Give this one a try later!

, c. a dual agency is required




failure to deliver the property condition disclosure:


Give this one a try later!


d. does not create a defect in title




According to SC's Consumer Protection Code, who chooses the closing attorney in a
real estate sales transaction?


Give this one a try later!


a. the borrower




the Real Estate Commission recommends legislation to:


Give this one a try later!


b. protect the public




One purpose of the South Carolina Residential Landlord and Tenant Act is to:


Give this one a try later!

, c. encourage landlords and tenants to maintain and improve the quality of
housing in South Carolina




an associate licensee i.e. a salesperson, may temporarily act as a broker-in-charge in the
event of a management vacancy for:


Give this one a try later!


b. up to 6 months




a transaction broker where both parties are customers owes:


Give this one a try later!


c. a limited duty of confidentiality to the parties




Sally salesperson is an associated licensee at the Lakeside Office of We Sell'em Fast
Realty. Salesperson Bob, from the Mountain View Office of We Sell'em Fast Realty
represents a buyer who wants to make an offer on one of Sally's listings. Each office has
a different broker-in-charge. The seller and the buyer both want client level services.
What kind of agency relationship can be used to accomplish this?


Give this one a try later!

Document information

Uploaded on
February 24, 2025
Number of pages
35
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers
$10.50

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
CLASSROOMTEST
3.4
(10)
Sold
49
Followers
3
Items
7624
Last sold
1 week ago




Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions