South Carolina Real Estate Exam |Questions
with 100% verified Answers
Bob was a real estate professional whose South Carolina license was revoked. He's met all the
requirements to apply for a new license. At least how much time has passed?
10 years
Five years
One year
Three years - ✔️✔️Three years
Percy and Maxwell have formed a team within their South Carolina real estate brokerage firm.
They're drafting up some advertisements to help launch their team. What do they need to keep
in mind when designing their marketing materials?
-Ads must include the brokerage firm name, but not the team name.
-Ads must include the team name and brokerage firm name.
-Ads must include the team name, but not the brokerage firm name.
-Ads specific to teams are prohibited. - ✔️✔️Ads must include the team name and brokerage firm
name.
James's South Carolina real estate license expiration date passed last week and he hasn't
renewed it. Which of the following statements are true?
-He can continue practicing real estate for six months, at which time his license must be
renewed.
-He can continue practicing real estate if he's actively in the process of renewing his license.
-He can't practice real estate until he renews his license.
-His license is automatically revoked upon expiration. - ✔️✔️He can't practice real estate until he
renews his license.
What purpose does the South Carolina Real Estate Commission serve?
, -To promote ethical and professional actions of real estate licensees representing consumers in
transactions.
-To promote the health, safety, and economic well-being of the public through regulation,
licensing, enforcement, training, and education.
-To protect the best interests of the real estate industry and the professionals serving in that
industry.
-To regulate the real estate industry to protect the public's interest when involved in real estate
transactions. - ✔️✔️To regulate the real estate industry to protect the public's interest when
involved in real estate transactions.
Jan is a real estate salesperson in South Carolina. She recently moved to a new home, both
personally and professionally. The office she works at moved to a new location, which happens
to be a few miles away from the new house Jan bought. What does she need to do?
-Address changes don't need to be reported to the commission.
-Immediately notify the commission of the business address change, but she has 30 days to
report her residential address change.
-Notify the commission within 30 days of changes to her residential and business address.
-Notify the commission within 30 days of the change to her business address, but residential
address changes aren't reported. - ✔️✔️Notify the commission within 30 days of changes to her
residential and business address.
**Changes to physical residential address, mailing address, business address, email address,
and phone number must be updated with the commission within 30 days. Failure to do so can
result in disciplinary action. Her new broker will notify the commission of her new affiliation.
A South Carolina resident is purchasing a second home along the coast. The property has a fair
market value of $300,000 and is in an area with a millage rate of .335. How much could they
expect to pay in property taxes? - ✔️✔️$6,030
**Fair market value is multiplied by the assessment ratio to calculate the property's assessed
value. For secondary residences, this ratio is 6%. This is then multiplied by the millage rate to
determine property taxes due.
with 100% verified Answers
Bob was a real estate professional whose South Carolina license was revoked. He's met all the
requirements to apply for a new license. At least how much time has passed?
10 years
Five years
One year
Three years - ✔️✔️Three years
Percy and Maxwell have formed a team within their South Carolina real estate brokerage firm.
They're drafting up some advertisements to help launch their team. What do they need to keep
in mind when designing their marketing materials?
-Ads must include the brokerage firm name, but not the team name.
-Ads must include the team name and brokerage firm name.
-Ads must include the team name, but not the brokerage firm name.
-Ads specific to teams are prohibited. - ✔️✔️Ads must include the team name and brokerage firm
name.
James's South Carolina real estate license expiration date passed last week and he hasn't
renewed it. Which of the following statements are true?
-He can continue practicing real estate for six months, at which time his license must be
renewed.
-He can continue practicing real estate if he's actively in the process of renewing his license.
-He can't practice real estate until he renews his license.
-His license is automatically revoked upon expiration. - ✔️✔️He can't practice real estate until he
renews his license.
What purpose does the South Carolina Real Estate Commission serve?
, -To promote ethical and professional actions of real estate licensees representing consumers in
transactions.
-To promote the health, safety, and economic well-being of the public through regulation,
licensing, enforcement, training, and education.
-To protect the best interests of the real estate industry and the professionals serving in that
industry.
-To regulate the real estate industry to protect the public's interest when involved in real estate
transactions. - ✔️✔️To regulate the real estate industry to protect the public's interest when
involved in real estate transactions.
Jan is a real estate salesperson in South Carolina. She recently moved to a new home, both
personally and professionally. The office she works at moved to a new location, which happens
to be a few miles away from the new house Jan bought. What does she need to do?
-Address changes don't need to be reported to the commission.
-Immediately notify the commission of the business address change, but she has 30 days to
report her residential address change.
-Notify the commission within 30 days of changes to her residential and business address.
-Notify the commission within 30 days of the change to her business address, but residential
address changes aren't reported. - ✔️✔️Notify the commission within 30 days of changes to her
residential and business address.
**Changes to physical residential address, mailing address, business address, email address,
and phone number must be updated with the commission within 30 days. Failure to do so can
result in disciplinary action. Her new broker will notify the commission of her new affiliation.
A South Carolina resident is purchasing a second home along the coast. The property has a fair
market value of $300,000 and is in an area with a millage rate of .335. How much could they
expect to pay in property taxes? - ✔️✔️$6,030
**Fair market value is multiplied by the assessment ratio to calculate the property's assessed
value. For secondary residences, this ratio is 6%. This is then multiplied by the millage rate to
determine property taxes due.
