Charlene's Scholastic Emporium.
Your Actual and Virtual Exam Tests Excellent Tutor.
- 10051
- 0
- 758
Community
- Followers
- Following
18 Reviews received
18 items
SC REAL ESTATE LICENSING EXAM QUESTIONS AND ANSWERS
SC REAL ESTATE LICENSING EXAM QUESTIONS AND ANSWERS 
In which of the following cases would a person probably be required to have a real 
estate license? - Correct Answer ️️ -Bruce gets hired to find an office suite for a friend 
who is relocating her business. 
A license applicant signs up to take the state examination, but has failed to obtain an 
employer prior to the exam date. In this case, the applicant - Correct Answer ️️ -may 
take the exam and receive an inactive license. 
A brok...
- Exam (elaborations)
- • 14 pages •
SC REAL ESTATE LICENSING EXAM QUESTIONS AND ANSWERS 
In which of the following cases would a person probably be required to have a real 
estate license? - Correct Answer ️️ -Bruce gets hired to find an office suite for a friend 
who is relocating her business. 
A license applicant signs up to take the state examination, but has failed to obtain an 
employer prior to the exam date. In this case, the applicant - Correct Answer ️️ -may 
take the exam and receive an inactive license. 
A brok...
South Carolina Real Estate Exam Practice Questions and Answers
South Carolina Real Estate Exam 
Practice Questions and Answers 
What are licensee not allowed to do - Correct Answer ️️ -misrepresent or conceal 
material facts or makes promises likely to influence, persuade or induce an applicant for 
a mortgage 
False Issue Loan Satisfaction - Correct Answer ️️ -Improper refusal or failure to issue 
a satisfaction of a mortgage 
Failure to practice due dilligence - Correct Answer ️️ -the act requiring licensees o use 
due diligence and make reaso...
- Exam (elaborations)
- • 14 pages •
South Carolina Real Estate Exam 
Practice Questions and Answers 
What are licensee not allowed to do - Correct Answer ️️ -misrepresent or conceal 
material facts or makes promises likely to influence, persuade or induce an applicant for 
a mortgage 
False Issue Loan Satisfaction - Correct Answer ️️ -Improper refusal or failure to issue 
a satisfaction of a mortgage 
Failure to practice due dilligence - Correct Answer ️️ -the act requiring licensees o use 
due diligence and make reaso...
South Carolina Law Practice Test 100% Correct Solved
South Carolina Law Practice Test 100% Correct Solved 
This unit, as part of the DCA, was established in October 2013 to provide consumer 
education and guidance, and to enforce the state's Financial Identity Fraud and Identity 
Theft Protection Act. - Correct Answer ️️ -The Identity Theft Unit 
A penalty in an amount between $1,500 and $7,500 may be assessed on a person for 
violation of which provision? - Correct Answer ️️ -Fee Agreement Provisions of SC 
Law 
Parties may contract for ...
- Package deal
- Exam (elaborations)
- • 7 pages •
South Carolina Law Practice Test 100% Correct Solved 
This unit, as part of the DCA, was established in October 2013 to provide consumer 
education and guidance, and to enforce the state's Financial Identity Fraud and Identity 
Theft Protection Act. - Correct Answer ️️ -The Identity Theft Unit 
A penalty in an amount between $1,500 and $7,500 may be assessed on a person for 
violation of which provision? - Correct Answer ️️ -Fee Agreement Provisions of SC 
Law 
Parties may contract for ...
South Carolina Real Estate Exam (State Portion Only) Questions and Answers
South Carolina Real Estate Exam (State Portion Only) 
Questions and Answers 
The creditor should ascertain the preference of the _____ as to legal counsel relating to 
closing the loan and insurance agent. 
A) lender 
B) seller 
C) real estate agent 
D) borrower - Correct Answer ️️ -D) borrower 
The assumption fee when assuming a loan in SC may not exceed _____. 
A) 1% of the loan or $400, whichever is greater 
B) 1/2% of the loan 
C) $500 
D) 1% of the loan or $400, whichever is less - Corr...
- Package deal
- Exam (elaborations)
- • 125 pages •
South Carolina Real Estate Exam (State Portion Only) 
Questions and Answers 
The creditor should ascertain the preference of the _____ as to legal counsel relating to 
closing the loan and insurance agent. 
A) lender 
B) seller 
C) real estate agent 
D) borrower - Correct Answer ️️ -D) borrower 
The assumption fee when assuming a loan in SC may not exceed _____. 
A) 1% of the loan or $400, whichever is greater 
B) 1/2% of the loan 
C) $500 
D) 1% of the loan or $400, whichever is less - Corr...
SC Real Estate - State Portion Exam Practice Questions and Answers
SC Real Estate - State Portion Exam 
Practice Questions and Answers 
Associated Licensee - Correct Answer ️️ -Licensee who is affiliated with a BIC 
Broker - Correct Answer ️️ -For a fee, salary, commission 
Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an 
agent, Advertises 
Broker-in-Charge - Correct Answer ️️ -Has responsibility over actions of all associated 
licensees and real estate trust accounts 
Client - Correct Answer ️️ -Person ...
- Package deal
- Exam (elaborations)
- • 15 pages •
SC Real Estate - State Portion Exam 
Practice Questions and Answers 
Associated Licensee - Correct Answer ️️ -Licensee who is affiliated with a BIC 
Broker - Correct Answer ️️ -For a fee, salary, commission 
Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an 
agent, Advertises 
Broker-in-Charge - Correct Answer ️️ -Has responsibility over actions of all associated 
licensees and real estate trust accounts 
Client - Correct Answer ️️ -Person ...
South Carolina Real Estate Exam Questions and Answers
South Carolina Real Estate Exam 
Questions and Answers 
When a loan is subject to the provisions of the Real Estate Settlement Procedures Act 
(RESPA), Which of the following elements of the Real estate transaction need NOT 
observe RESPA guidelines - Correct Answer ️️ -The Commission structure for 
licensees 
Regulation Z of the Truth_in lending Act Provides what penalty for licensees who 
willfully fail to comply with its advertising guidelines for real estate financing? - Correct 
Answer ...
- Package deal
- Exam (elaborations)
- • 8 pages •
South Carolina Real Estate Exam 
Questions and Answers 
When a loan is subject to the provisions of the Real Estate Settlement Procedures Act 
(RESPA), Which of the following elements of the Real estate transaction need NOT 
observe RESPA guidelines - Correct Answer ️️ -The Commission structure for 
licensees 
Regulation Z of the Truth_in lending Act Provides what penalty for licensees who 
willfully fail to comply with its advertising guidelines for real estate financing? - Correct 
Answer ...
South Carolina Exam Prep: Closing Details Practice Questions and Answers
South Carolina Exam Prep: Closing Details 
Practice Questions and Answers 
What are the two ways a closing or settlement can be conducted? - Correct Answer ️️ 
-Face to face or escrow closing 
What is a face to face closing? - Correct Answer ️️ -Parties exchange documents and 
sign papers in a face to face setting 
What is an escrow closing? - Correct Answer ️️ -Prior to closing, the closing agent 
orders and reviews documents. Parties don't meet at all, paperwork is handled by 
esc...
- Package deal
- Exam (elaborations)
- • 4 pages •
South Carolina Exam Prep: Closing Details 
Practice Questions and Answers 
What are the two ways a closing or settlement can be conducted? - Correct Answer ️️ 
-Face to face or escrow closing 
What is a face to face closing? - Correct Answer ️️ -Parties exchange documents and 
sign papers in a face to face setting 
What is an escrow closing? - Correct Answer ️️ -Prior to closing, the closing agent 
orders and reviews documents. Parties don't meet at all, paperwork is handled by 
esc...
SC Real Estate - State Portion Prep Questions and Answers
SC Real Estate - State Portion Prep 
Questions and Answers 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - Correct Answer ️️ -4% 
A Person Who is over 65 years of Age may get a break on his/her Ad Valorem Tax. 
What is the Nature of this special treatment? - Correct Answer ️️ -Homestead 
Exemption is -$50K of the Appraised Value 
The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - 
...
- Package deal
- Exam (elaborations)
- • 6 pages •
SC Real Estate - State Portion Prep 
Questions and Answers 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - Correct Answer ️️ -4% 
A Person Who is over 65 years of Age may get a break on his/her Ad Valorem Tax. 
What is the Nature of this special treatment? - Correct Answer ️️ -Homestead 
Exemption is -$50K of the Appraised Value 
The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - 
...
SC Real Estate State Exam Practice Questions and Answers
SC Real Estate State Exam Practice 
Questions and Answers 
How many members are on the SC Real Estate Commission - Correct Answer ️️ -d. 
10 
The purpose of the SC Real Estate Commission is to: - Correct Answer ️️ -a. regulate 
the real estate industry in order to protect the public's interest in real estate transactions 
Who conducts real estate licensee disciplinary hearings? - Correct Answer ️️ -d. The 
Real Estate Commission 
A SC real estate salesperson must be at least: - Corr...
- Package deal
- Exam (elaborations)
- • 14 pages •
SC Real Estate State Exam Practice 
Questions and Answers 
How many members are on the SC Real Estate Commission - Correct Answer ️️ -d. 
10 
The purpose of the SC Real Estate Commission is to: - Correct Answer ️️ -a. regulate 
the real estate industry in order to protect the public's interest in real estate transactions 
Who conducts real estate licensee disciplinary hearings? - Correct Answer ️️ -d. The 
Real Estate Commission 
A SC real estate salesperson must be at least: - Corr...
sc real estate exam practice questions and answers 100% pass
sc real estate exam practice questions and 
answers 100% pass 
Darryl owns a property in a critical coastal area in South Carolina. What obligation does 
he have? - Correct Answer ️️ -Darryl must disclose that the property lies in a critical 
area and is subject to limitations. 
South Carolina licensee Joseph tells his client that a property is zoned as residential, 
even though he knows it's zoned as commercial. This violation is an example of 
______. - Correct Answer ️️ -Making a sub...
- Package deal
- Exam (elaborations)
- • 32 pages •
sc real estate exam practice questions and 
answers 100% pass 
Darryl owns a property in a critical coastal area in South Carolina. What obligation does 
he have? - Correct Answer ️️ -Darryl must disclose that the property lies in a critical 
area and is subject to limitations. 
South Carolina licensee Joseph tells his client that a property is zoned as residential, 
even though he knows it's zoned as commercial. This violation is an example of 
______. - Correct Answer ️️ -Making a sub...
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