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SC PSI Real Estate Exam Prep Questions and Answers
SC PSI Real Estate Exam Prep 
Questions and Answers 
Which of the following describes the term appreciation? - Correct Answer ️️ -An 
increase in the value of property 
When ownership of a mortgage is transferred from one company or individual to 
another, it is called: - Correct Answer ️️ -An assignment 
A mortgage loan which requires the remaining balance be paid at a specific point in time 
is called a: - Correct Answer ️️ -Balloon mortgage 
The following reason accounts for why b...
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- Exam (elaborations)
- • 32 pages •
SC PSI Real Estate Exam Prep 
Questions and Answers 
Which of the following describes the term appreciation? - Correct Answer ️️ -An 
increase in the value of property 
When ownership of a mortgage is transferred from one company or individual to 
another, it is called: - Correct Answer ️️ -An assignment 
A mortgage loan which requires the remaining balance be paid at a specific point in time 
is called a: - Correct Answer ️️ -Balloon mortgage 
The following reason accounts for why b...
![](/docpics/5136524/662f48d068012_5136524_121_171.jpeg)
South Carolina Real Estate Exam Questions and Answers
South Carolina Real Estate Exam 
Questions and Answers 
Mindy, a South Carolina resident, is buying a new home. She'll occupy the home as her 
primary residence. It has a fair market value of $220,000 and is in an area with a 
millage rate of .350. What can she expect to pay in property taxes? - Correct Answer ️️ 
-$3,080 
**Fair market value is multiplied by the assessment ratio to calculate the property's 
assessed value. For primary residences, this ratio is 4%. This is then multiplied ...
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- • 16 pages •
South Carolina Real Estate Exam 
Questions and Answers 
Mindy, a South Carolina resident, is buying a new home. She'll occupy the home as her 
primary residence. It has a fair market value of $220,000 and is in an area with a 
millage rate of .350. What can she expect to pay in property taxes? - Correct Answer ️️ 
-$3,080 
**Fair market value is multiplied by the assessment ratio to calculate the property's 
assessed value. For primary residences, this ratio is 4%. This is then multiplied ...
![](/docpics/5136521/662f4893d54ba_5136521_121_171.jpeg)
SC Real Estate- State portion Study Guide with Complete Solutions
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- • 14 pages •
![](/docpics/5136498/662f47d61529f_5136498_121_171.jpeg)
SC Real Estate - Chapter 1 Questions and Answers
SC Real Estate - Chapter 1 Questions and Answers 
Real Estate - Correct Answer ️️ -Air, water, land, and everything affixed to the land. 
May be owned privately by individuals and private entities, or publicly by government 
entities. 
Land - Correct Answer ️️ -- Surface area of the earth 
- Everything beneath the surface of the earth extending downward to its center 
- All natural things permanently attached to the earth 
- The air above the surface of the earth extending outward to inf...
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- • 11 pages •
SC Real Estate - Chapter 1 Questions and Answers 
Real Estate - Correct Answer ️️ -Air, water, land, and everything affixed to the land. 
May be owned privately by individuals and private entities, or publicly by government 
entities. 
Land - Correct Answer ️️ -- Surface area of the earth 
- Everything beneath the surface of the earth extending downward to its center 
- All natural things permanently attached to the earth 
- The air above the surface of the earth extending outward to inf...
![](/docpics/5136497/662f47a9ce50a_5136497_121_171.jpeg)
SC REAL ESTATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS
SC REAL ESTATE EXAM REVIEW 2024 
QUESTIONS AND ANSWERS 
how often do realtors renew licenses - Correct Answer ️️ -every 2 years by June 30th 
which I the end of the fiscal year 
how many hours of continuing education do you need - Correct Answer ️️ -8 hrs every 
2 years 
how long do you need to wait to reinstate your license after it is revoked - Correct 
Answer ️️ -1 yr 
can a broker in charge be over move than 1 branch office at a time - Correct Answer ️️ 
-yes 
broker in charg...
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- Exam (elaborations)
- • 66 pages •
SC REAL ESTATE EXAM REVIEW 2024 
QUESTIONS AND ANSWERS 
how often do realtors renew licenses - Correct Answer ️️ -every 2 years by June 30th 
which I the end of the fiscal year 
how many hours of continuing education do you need - Correct Answer ️️ -8 hrs every 
2 years 
how long do you need to wait to reinstate your license after it is revoked - Correct 
Answer ️️ -1 yr 
can a broker in charge be over move than 1 branch office at a time - Correct Answer ️️ 
-yes 
broker in charg...
![](/docpics/5136485/662f475d0fb31_5136485_121_171.jpeg)
SOUTH CAROLINA REAL ESTATE EXAM PRACTICE QUESTIONS WITH CORRECT SOLUTIONS
SOUTH CAROLINA REAL ESTATE EXAM PRACTICE 
QUESTIONS WITH CORRECT SOLUTIONS 
The amount per $1,000 used to calculate taxes on property is the - Correct Answer ️️ - 
milliage rate 
The common name of the hazardous-waste cleanup fund established by the 
Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is 
- Correct Answer ️️ -superfund 
May eviction and foreclosure notices be delivered electronically in South Carolina? - 
Correct Answer ️️ -NO 
How many year...
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- • 10 pages •
SOUTH CAROLINA REAL ESTATE EXAM PRACTICE 
QUESTIONS WITH CORRECT SOLUTIONS 
The amount per $1,000 used to calculate taxes on property is the - Correct Answer ️️ - 
milliage rate 
The common name of the hazardous-waste cleanup fund established by the 
Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is 
- Correct Answer ️️ -superfund 
May eviction and foreclosure notices be delivered electronically in South Carolina? - 
Correct Answer ️️ -NO 
How many year...
![](/docpics/5135688/662f2a8c9fef8_5135688_121_171.jpeg)
SC Real Estate Review 2024 Questions and Answers 100% Pass
SC Real Estate Review 2024 Questions and 
Answers 100% Pass 
The ___ establishes an agency relationship between the prop owner as principal and 
the brokerage as agent - Correct Answer ️️ -listing agreement 
the LA does which of the following - Correct Answer ️️ -creates an agency relationship 
between the listing brokerage and the property owner 
a brokerage agreement whereby the property owner hires 1+ brokerages, agrees to 
compensate only 1 brokerage who produces a buyer, and reserve...
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- Exam (elaborations)
- • 36 pages •
SC Real Estate Review 2024 Questions and 
Answers 100% Pass 
The ___ establishes an agency relationship between the prop owner as principal and 
the brokerage as agent - Correct Answer ️️ -listing agreement 
the LA does which of the following - Correct Answer ️️ -creates an agency relationship 
between the listing brokerage and the property owner 
a brokerage agreement whereby the property owner hires 1+ brokerages, agrees to 
compensate only 1 brokerage who produces a buyer, and reserve...
![](/docpics/5135685/662f2a5855adf_5135685_121_171.jpeg)
SC Real Estate PSI Exam Review 2024 Questions and Answers
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- • 16 pages •
Earth Science Exam Review 2024 with Complete Solutions
Hondros Nursing 172 Exam 2 Questions and Answers 100% Pass
Oregon Pesticide Examination: Ornamental and Turf Herbicide Questions and Answers 100% Pass
Xcel Solutions Property & Casualty Exam Questions and Answers
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect