SOUTH CAROLINA REAL ESTATE EXAM PRACTICE
QUESTIONS NEWEST 2024-2025 EXAM
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
The amount per $1,000 used to calculate taxes on property is the
Ans: milliage rate
QUESTION>>>> The common name of the hazardous-waste cleanup fund
established by the Comprehensive Environmental Response, Compensation and
Liability Act (CERCLA) is
Ans: superfund
QUESTION>>>> May eviction and foreclosure notices be delivered
electronically in South Carolina?
Ans: NO
QUESTION>>>> How many years of sales experience must a salesperson have in
order to qualify to take the brokers exam?
Ans: 3
QUESTION>>>> A development map that shows the location and sizes of lots
and streets is known as a
Ans: grid plan
QUESTION>>>> he Residential Property Condition Disclosure form applies to
transactions that involve no more than, how many units?
, 2
Ans: 4
QUESTION>>>> How many years must a full copy of a transaction file be held
by a broker after closing?
Ans: 5
QUESTION>>>> Who is responsible for maintaining a habitable property and for
complying with local housing and building codes in a rental situation?
Ans: Lessor
QUESTION>>>> Salespersons must present any client monies received, to their
broker, within
Ans: 1 business day
QUESTION>>>> The net spendable income generated by an investment is
referred to as
Ans: Cash flow
QUESTION>>>> How long must a Broker in Charge or Property Manager in
Charge retain their Trust Fund Account records?
Ans: 5 years
QUESTION>>>> A recipient of a high cost loan on a property in South Carolina
must
Master01 | Dec, 2024/2025 | Latest update
QUESTIONS NEWEST 2024-2025 EXAM
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
The amount per $1,000 used to calculate taxes on property is the
Ans: milliage rate
QUESTION>>>> The common name of the hazardous-waste cleanup fund
established by the Comprehensive Environmental Response, Compensation and
Liability Act (CERCLA) is
Ans: superfund
QUESTION>>>> May eviction and foreclosure notices be delivered
electronically in South Carolina?
Ans: NO
QUESTION>>>> How many years of sales experience must a salesperson have in
order to qualify to take the brokers exam?
Ans: 3
QUESTION>>>> A development map that shows the location and sizes of lots
and streets is known as a
Ans: grid plan
QUESTION>>>> he Residential Property Condition Disclosure form applies to
transactions that involve no more than, how many units?
, 2
Ans: 4
QUESTION>>>> How many years must a full copy of a transaction file be held
by a broker after closing?
Ans: 5
QUESTION>>>> Who is responsible for maintaining a habitable property and for
complying with local housing and building codes in a rental situation?
Ans: Lessor
QUESTION>>>> Salespersons must present any client monies received, to their
broker, within
Ans: 1 business day
QUESTION>>>> The net spendable income generated by an investment is
referred to as
Ans: Cash flow
QUESTION>>>> How long must a Broker in Charge or Property Manager in
Charge retain their Trust Fund Account records?
Ans: 5 years
QUESTION>>>> A recipient of a high cost loan on a property in South Carolina
must
Master01 | Dec, 2024/2025 | Latest update
