SOUTH CAROLINA REAL ESTATE EXAM
PRACTICE QUESTIONS AND ANSWERS
100% VERIFIED
The amount per $1,000 used to calculate taxes on property is the ✔✔milliage rate
The common name of the hazardous-waste cleanup fund established by the Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA) is ✔✔superfund
May eviction and foreclosure notices be delivered electronically in South Carolina? ✔✔NO
How many years of sales experience must a salesperson have in order to qualify to take the
brokers exam? ✔✔3
A development map that shows the location and sizes of lots and streets is known as a ✔✔grid
plan
he Residential Property Condition Disclosure form applies to transactions that involve no more
than, how many units? ✔✔4
, How many years must a full copy of a transaction file be held by a broker after closing? ✔✔5
Who is responsible for maintaining a habitable property and for complying with local housing
and building codes in a rental situation? ✔✔Lessor
Salespersons must present any client monies received, to their broker, within ✔✔1 business day
The net spendable income generated by an investment is referred to as ✔✔Cash flow
How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund
Account records? ✔✔5 years
A recipient of a high cost loan on a property in South Carolina must ✔✔receive counseling on
the advisability of the loan
Mortgage "discount" points only apply if which of the following conditions are met? ✔✔The
interest rate on the mortgage loan has been lowered by 1% for each point charged.
PRACTICE QUESTIONS AND ANSWERS
100% VERIFIED
The amount per $1,000 used to calculate taxes on property is the ✔✔milliage rate
The common name of the hazardous-waste cleanup fund established by the Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA) is ✔✔superfund
May eviction and foreclosure notices be delivered electronically in South Carolina? ✔✔NO
How many years of sales experience must a salesperson have in order to qualify to take the
brokers exam? ✔✔3
A development map that shows the location and sizes of lots and streets is known as a ✔✔grid
plan
he Residential Property Condition Disclosure form applies to transactions that involve no more
than, how many units? ✔✔4
, How many years must a full copy of a transaction file be held by a broker after closing? ✔✔5
Who is responsible for maintaining a habitable property and for complying with local housing
and building codes in a rental situation? ✔✔Lessor
Salespersons must present any client monies received, to their broker, within ✔✔1 business day
The net spendable income generated by an investment is referred to as ✔✔Cash flow
How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund
Account records? ✔✔5 years
A recipient of a high cost loan on a property in South Carolina must ✔✔receive counseling on
the advisability of the loan
Mortgage "discount" points only apply if which of the following conditions are met? ✔✔The
interest rate on the mortgage loan has been lowered by 1% for each point charged.
