60 hour CE Shop SC QUESTIONS AND SOLUTIONS

60 hour CE Shop SC QUESTIONS AND
SOLUTIONS

Transfer fees can be assessed on real property sales at a rate of - answers$1.85 per $500 of the
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sales price and are typically paid by the seller.
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All advertisements must include - answersthe full name of the licensee's real estate brokerage
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firm. If a licensee is part of a team, the team name needs to be included as well.
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The broker-in-charge must notify the real estate commission of changes to name or contact
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information within ___ days - answers10 days
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Unlicensed assistants may perform administrative tasks only, and may only write real estate vc vc vc vc vc vc vc vc vc vc vc vc




ads ____ - answerswith their broker-in-charge's approval.
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The South Carolina Real Estate Commission does ? - answersreceives complaints,
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investigates them, holds hearings, and issues disciplinary action.
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A broker-in-charge has supervisory responsibility over the actions of - answersall associated
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licensees, which includes salespersons, brokers, and unlicensed employees.
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(vicariously liable) vc




In a designated agency relationship, certain parties are considered dual agents. Who? -
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answersBroker and associated licensees
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According to South Carolina's Residential Landlord and Tenant Act, what's the largest amount a
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landlord can require for a security deposit? - answersThere's no limit
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fair housing complaints must be submitted to the commission in writing within how many days of
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the discriminatory act? - answers180
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Complaints filed with Housing and Urban Development (HUD) must be made within - answers1 vc vc vc vc vc vc vc vc vc vc vc vc vc




year
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If the non-resident seller is a corporation, ____% must be withheld - answers5%
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If the seller is a non-resident individual, partnership, trust, or estate, ____% of the non-resident
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seller's recognized gain must be withheld - answers7
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A South Carolina agency agreement can be viewed as a(n) ___________. -
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answersEmployment contract between a client and brokerage
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Is there an agency relationship in transaction brokerage? - answersno, non-representative
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How long does a licensee who's been revoked have to wait to get a new license ? - answers3
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years
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South Carolina law requires smoke detectors be installed in all ____ family residential
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dwellings, including manufactured homes, regardless of whether the property is owner- or
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tenant-occupied. - answersone- and two-
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, Buyers in a transaction are owed duties from the seller's agent. Which of these are duties they
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can expect? - answersHonesty and actions performed within scope of expertise
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First substantive contact generally means before discussing - answersfinancial, confidential, or
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motivational information with a consumer.
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The Ocean & Coastal Resource Management (OCRM) regulates - answerscritical areas in the
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state through the Coastal Zone Management Program.
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The landlord may place an evicted tenant's personal possessions by a public street or highway,
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and have them removed by the trash haulers on their scheduled run, or remove them for
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disposal ____ - answers48 hours post-eviction
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Consumers must report possible violations to the South Carolina Human Affairs Commission, vc vc vc vc vc vc vc vc vc vc vc




in writing, within ____ of the discriminatory action. - answers180 days
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Homestead exemption applicants must have been a South Carolina resident for at least ____ vc vc vc vc vc vc vc vc vc vc vc vc vc




prior to applying for exemption, among other criteria. - answersone year on or before December
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31 of the year
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Records related to a real estate transaction must be kept, and available upon commission
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request, for at least ____ - answersfive years
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Listing agents must ____ but must disclose material facts to ____ - answersmaintain seller
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confidentiality , all parties
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Of the South Carolina Real Estate Commission ____ members are active real estate
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professionals. ____ are elected by state house and senate members, and ____ is elected by
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other commission members. - answers8, 7, 1
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The parties to the listing agreement are - answersthe listing broker and the seller.
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A statutory duty of agents representing buyers is to - answerslook for properties that meet the
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price and terms the buyer is looking for
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Salespersons and brokers must take at least ___ of the 10 hours on mandated topics. A broker- vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc




in-charge must also complete ___ hours on advanced topics as part of their 10 hours. - vc vc vc vc vc vc vc vc vc vc vc vc vc vc vc




answersfour , four
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Licensees only receive commission through - answerstheir own broker vc vc vc vc vc vc vc vc




cannot receive directly for real estate activities vc vc vc vc vc vc




non-licensees are paid - answersHourly, salaried, or per activity vc vc vc vc vc vc vc vc




cannot receive part of commission earned vc vc vc vc vc




The agency agreement includes - answersdescription of services, compensation and fee
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information, start and end dates, and other items.
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A time share unit week usually consists of ______ consecutive calendar days. - answers7
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Listing agreements expire (terminate) when? - answerson the date of expiration noted in the
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agreement
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