South Carolina Real Estate Final Exam
|Questions with 100% verified Answers
What is NOT a violation of Antitrust Laws? - ✔️✔️A broker refuses to cooperate with a flat fee
broker
The Civil Rights Act of 1866 prohibits discrimination based on - ✔️✔️Race
Broker X is showing buyer Y, an Asian, homes only in Asian Neighborhoods. the broker may be
guilty of .. - ✔️✔️Steering
What is not a category protected by federal fair housing laws against discrimination in housing?
- ✔️✔️Sexual Orientation
Licensed or certified appraised performing federally related transactions must comply with the
Uniform Standards of Professional Appraisal Practice (USPAP). A federally related transaction is
any transaction with a value greater than.. - ✔️✔️$250,000.00
two hundred thousand dollars.
A sale is to close on June 23. Real estate taxes of $2,640 for the current year have NOT been
paid. What is the amount of the real estate tax prorarion to be credited to the buyer? -
✔️✔️$1,268.66
A home is valued at $92,000. Property in this city is assed at 70 percent of its value and the local
tax rate is $3.40 per $100. What is the amount of the owner's monthly taxes? - ✔️✔️182.74
A mother wants to know how much money her son owes on his mortgage loan. The mother
knows that the interest part of the last monthly payment was $473.26. If her son is paying
interest at the rate of 9 percent, what was the outstanding balance of the loan before the last
payment was made? - ✔️✔️$63,101.33
, An Oral agreement between two licensed brokers to divide a commission is? - ✔️✔️Is Valid
When all parties agree to the terms of a contract there has said to have been a/an? -
✔️✔️Meeting of the minds
An instrument that transfers possession without the transfer of title is a/an - ✔️✔️Lease
The appropriation of land by the owner to some public uses along with the acceptance for such
use by or on the behalf of the public constitutes - ✔️✔️Dedication
The following has changed the old maximum "the principal is the person who always pays the
agent." - ✔️✔️Buyer Agency
The rights of ownership including the right to use, possess, enjoy and dispose of a thing in any
legal way and to exclude everyone else without rights from interfering is: - ✔️✔️The Bundle Of
Rights
Chain of title means - ✔️✔️A Record of a Property's grantors and grantees
Capitalization as used in appraising is - ✔️✔️A method of determining value based on net
income.
A Parcel of lease property is sold and the tenant recognized the new landlord. The tenant is said
to have gone through an act of: - ✔️✔️Attornment
For a lease to be binding it should be signed by: - ✔️✔️Lessor and lessee
Under the theory of mortgages used in South Carolina, - ✔️✔️Title remains with the mortgagor.
|Questions with 100% verified Answers
What is NOT a violation of Antitrust Laws? - ✔️✔️A broker refuses to cooperate with a flat fee
broker
The Civil Rights Act of 1866 prohibits discrimination based on - ✔️✔️Race
Broker X is showing buyer Y, an Asian, homes only in Asian Neighborhoods. the broker may be
guilty of .. - ✔️✔️Steering
What is not a category protected by federal fair housing laws against discrimination in housing?
- ✔️✔️Sexual Orientation
Licensed or certified appraised performing federally related transactions must comply with the
Uniform Standards of Professional Appraisal Practice (USPAP). A federally related transaction is
any transaction with a value greater than.. - ✔️✔️$250,000.00
two hundred thousand dollars.
A sale is to close on June 23. Real estate taxes of $2,640 for the current year have NOT been
paid. What is the amount of the real estate tax prorarion to be credited to the buyer? -
✔️✔️$1,268.66
A home is valued at $92,000. Property in this city is assed at 70 percent of its value and the local
tax rate is $3.40 per $100. What is the amount of the owner's monthly taxes? - ✔️✔️182.74
A mother wants to know how much money her son owes on his mortgage loan. The mother
knows that the interest part of the last monthly payment was $473.26. If her son is paying
interest at the rate of 9 percent, what was the outstanding balance of the loan before the last
payment was made? - ✔️✔️$63,101.33
, An Oral agreement between two licensed brokers to divide a commission is? - ✔️✔️Is Valid
When all parties agree to the terms of a contract there has said to have been a/an? -
✔️✔️Meeting of the minds
An instrument that transfers possession without the transfer of title is a/an - ✔️✔️Lease
The appropriation of land by the owner to some public uses along with the acceptance for such
use by or on the behalf of the public constitutes - ✔️✔️Dedication
The following has changed the old maximum "the principal is the person who always pays the
agent." - ✔️✔️Buyer Agency
The rights of ownership including the right to use, possess, enjoy and dispose of a thing in any
legal way and to exclude everyone else without rights from interfering is: - ✔️✔️The Bundle Of
Rights
Chain of title means - ✔️✔️A Record of a Property's grantors and grantees
Capitalization as used in appraising is - ✔️✔️A method of determining value based on net
income.
A Parcel of lease property is sold and the tenant recognized the new landlord. The tenant is said
to have gone through an act of: - ✔️✔️Attornment
For a lease to be binding it should be signed by: - ✔️✔️Lessor and lessee
Under the theory of mortgages used in South Carolina, - ✔️✔️Title remains with the mortgagor.
