SC: Commission and Licensing
Regulations Questions and All Correct
Answers.
What are the continuing education requirements for licensees wishing to renew an active real
estate license??
A) The completion 2 hours of core courses only
B) 6 hours of core courses biennially
C) The completion 4 hours of core courses and 4 hours of elective courses biennially.
D) 12 hours biennially to retain an inactive license or renew an active license - Answer C) The
completion 4 hours of core courses and 4 hours of elective courses biennially.
The broker-in-charge of a realty office decides to open a branch office in an adjacent
community, at which he will also be broker-in-charge. He applies for a branch office license for
the new office and names one of his associate licensees as the new branch office manager.
Given these facts, will the Commission grant approval for the branch office?
A) Yes, as long as the Real Estate Commission agrees to allow the broker-in-charge to act in that
capacity at the 2 office locations.
B) Yes, if the branch office's business name is different to the main office's business name.
C) No, because a broker-in-charge may only oversee 1 office at a time.
D) No, because brokers-in-charge are not allowed to have branch offices in multiple
municipalities. - Answer A) Yes, as long as the Real Estate Commission agrees to allow the
broker-in-charge to act in that capacity at the 2 office locations.
Which of the following is exempt from the continuing education requirements for license
renewal in South Carolina?
A) Carl who completed his post license requirements for his first renewal, and is going to renew
his license for the second time.
B) Wanda, a licensee who works for a referral company.
C) Dan, an inactive licensee who wishes to change to active status.
D) Olivia, a 67 year-old licensee who has been active in the real estate business for 30 years. -
Answer D) Olivia, a 67 year-old licensee who has been active in the real estate business for 30
years.
What limitations are placed on a licensee on inactive status?
, A) The licensee may work as a leasing agent for a property management company but may not
be directly involved in real estate sales.
B) The licensee may receive compensation for referrals but may not be directly involved in real
estate sales.
C) The licensee may work part time as an assistant showing houses but may not be directly
involved in real estate sales.
D) The licensee may not conduct any real estate activities while on inactive status. - Answer
D) The licensee may not conduct any real estate activities while on inactive status.
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 - Answer A) A policy on fair housing
If a broker-in-charge becomes mentally incapacitated, what effect does this have on his real
estate company?
A) The company may not accept any new clients but may continue to work with existing clients.
B) The company may not continue business until a new broker-in-charge is selected.
C) An associate licensee may serve as the broker-in-charge for up to 6 months with approval of
the commission.
D) An associate licensee may serve as the broker-in-charge for up to 90 days before being
required to obtain a broker-in-charge license. - Answer C) An associate licensee may serve as
the broker-in-charge for up to 6 months with approval of the commission.
If an onsite property manager for an apartment complex is responsible for negotiating and
signing apartment leases, does the individual need to be licensed as a real estate salesperson?
A) Yes, he or she must have a broker's license.
B) Yes, he or she must have a real estate property manager's license.
C) No, he or she may negotiate and sign leases under the general supervision of the owner.
D) No, he or she is exempt from licensing requirements. - Answer B) Yes, he or she must have
a real estate property manager's license.
Someone who wishes to become licensed as a salesperson must do which of the following?
Regulations Questions and All Correct
Answers.
What are the continuing education requirements for licensees wishing to renew an active real
estate license??
A) The completion 2 hours of core courses only
B) 6 hours of core courses biennially
C) The completion 4 hours of core courses and 4 hours of elective courses biennially.
D) 12 hours biennially to retain an inactive license or renew an active license - Answer C) The
completion 4 hours of core courses and 4 hours of elective courses biennially.
The broker-in-charge of a realty office decides to open a branch office in an adjacent
community, at which he will also be broker-in-charge. He applies for a branch office license for
the new office and names one of his associate licensees as the new branch office manager.
Given these facts, will the Commission grant approval for the branch office?
A) Yes, as long as the Real Estate Commission agrees to allow the broker-in-charge to act in that
capacity at the 2 office locations.
B) Yes, if the branch office's business name is different to the main office's business name.
C) No, because a broker-in-charge may only oversee 1 office at a time.
D) No, because brokers-in-charge are not allowed to have branch offices in multiple
municipalities. - Answer A) Yes, as long as the Real Estate Commission agrees to allow the
broker-in-charge to act in that capacity at the 2 office locations.
Which of the following is exempt from the continuing education requirements for license
renewal in South Carolina?
A) Carl who completed his post license requirements for his first renewal, and is going to renew
his license for the second time.
B) Wanda, a licensee who works for a referral company.
C) Dan, an inactive licensee who wishes to change to active status.
D) Olivia, a 67 year-old licensee who has been active in the real estate business for 30 years. -
Answer D) Olivia, a 67 year-old licensee who has been active in the real estate business for 30
years.
What limitations are placed on a licensee on inactive status?
, A) The licensee may work as a leasing agent for a property management company but may not
be directly involved in real estate sales.
B) The licensee may receive compensation for referrals but may not be directly involved in real
estate sales.
C) The licensee may work part time as an assistant showing houses but may not be directly
involved in real estate sales.
D) The licensee may not conduct any real estate activities while on inactive status. - Answer
D) The licensee may not conduct any real estate activities while on inactive status.
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 - Answer A) A policy on fair housing
If a broker-in-charge becomes mentally incapacitated, what effect does this have on his real
estate company?
A) The company may not accept any new clients but may continue to work with existing clients.
B) The company may not continue business until a new broker-in-charge is selected.
C) An associate licensee may serve as the broker-in-charge for up to 6 months with approval of
the commission.
D) An associate licensee may serve as the broker-in-charge for up to 90 days before being
required to obtain a broker-in-charge license. - Answer C) An associate licensee may serve as
the broker-in-charge for up to 6 months with approval of the commission.
If an onsite property manager for an apartment complex is responsible for negotiating and
signing apartment leases, does the individual need to be licensed as a real estate salesperson?
A) Yes, he or she must have a broker's license.
B) Yes, he or she must have a real estate property manager's license.
C) No, he or she may negotiate and sign leases under the general supervision of the owner.
D) No, he or she is exempt from licensing requirements. - Answer B) Yes, he or she must have
a real estate property manager's license.
Someone who wishes to become licensed as a salesperson must do which of the following?
