SOUTH CAROLINA REAL ESTATE EXAM
PRACTICE QUESTIONS AND ANSWERS
100% VERIFIED
The |amount |per |$1,000 |used |to |calculate |taxes |on |property |is |the |✔✔milliage |rate
The |common |name |of |the |hazardous-waste |cleanup |fund |established |by |the |Comprehensive
Environmental |Response, |Compensation |and |Liability |Act |(CERCLA) |is |✔✔superfund
|
May |eviction |and |foreclosure |notices |be |delivered |electronically |in |South |Carolina? | ✔✔NO
How |many |years |of |sales |experience |must |a |salesperson |have |in |order |to |qualify |to |take |the |brokers
exam? |✔✔3
|
A |development |map |that |shows |the |location |and |sizes |of |lots |and |streets |is |known |as |a |✔✔grid
plan
he |Residential |Property |Condition |Disclosure |form |applies |to |transactions |that |involve |no |more
than, |how |many |units? |✔✔4
|
, How |many |years |must |a |full |copy |of |a |transaction |file |be |held |by |a |broker |after |closing? | ✔✔5
Who |is |responsible |for |maintaining |a |habitable |property |and |for |complying |with |local |housing |and
building |codes |in |a |rental |situation? |✔✔Lessor
|
Salespersons |must |present |any |client |monies |received, |to |their |broker, |within |✔✔1 |business |day
The |net |spendable |income |generated |by |an |investment |is |referred |to |as |✔✔Cash |flow
How |long |must |a |Broker |in |Charge |or |Property |Manager |in |Charge |retain |their |Trust |Fund |Account
records? |✔✔5 |years
|
A |recipient |of |a |high |cost |loan |on |a |property |in |South |Carolina |must |✔✔receive |counseling |on
the |advisability |of |the |loan
Mortgage |"discount" |points |only |apply |if |which |of |the |following |conditions |are |met? | ✔✔The
interest |rate |on |the |mortgage |loan |has |been |lowered |by |1% |for |each |point |charged.
PRACTICE QUESTIONS AND ANSWERS
100% VERIFIED
The |amount |per |$1,000 |used |to |calculate |taxes |on |property |is |the |✔✔milliage |rate
The |common |name |of |the |hazardous-waste |cleanup |fund |established |by |the |Comprehensive
Environmental |Response, |Compensation |and |Liability |Act |(CERCLA) |is |✔✔superfund
|
May |eviction |and |foreclosure |notices |be |delivered |electronically |in |South |Carolina? | ✔✔NO
How |many |years |of |sales |experience |must |a |salesperson |have |in |order |to |qualify |to |take |the |brokers
exam? |✔✔3
|
A |development |map |that |shows |the |location |and |sizes |of |lots |and |streets |is |known |as |a |✔✔grid
plan
he |Residential |Property |Condition |Disclosure |form |applies |to |transactions |that |involve |no |more
than, |how |many |units? |✔✔4
|
, How |many |years |must |a |full |copy |of |a |transaction |file |be |held |by |a |broker |after |closing? | ✔✔5
Who |is |responsible |for |maintaining |a |habitable |property |and |for |complying |with |local |housing |and
building |codes |in |a |rental |situation? |✔✔Lessor
|
Salespersons |must |present |any |client |monies |received, |to |their |broker, |within |✔✔1 |business |day
The |net |spendable |income |generated |by |an |investment |is |referred |to |as |✔✔Cash |flow
How |long |must |a |Broker |in |Charge |or |Property |Manager |in |Charge |retain |their |Trust |Fund |Account
records? |✔✔5 |years
|
A |recipient |of |a |high |cost |loan |on |a |property |in |South |Carolina |must |✔✔receive |counseling |on
the |advisability |of |the |loan
Mortgage |"discount" |points |only |apply |if |which |of |the |following |conditions |are |met? | ✔✔The
interest |rate |on |the |mortgage |loan |has |been |lowered |by |1% |for |each |point |charged.
