SOUTH CAROLINA REAL ESTATE EXAM PRACTICE
QUESTIONS||VERIFIED WITH 100% ACTUAL AND
CORRECT ANSWERS ||FOR TOP STUDENTS||A+
GUARANTEEE PASS
The amount per $1,000 used to calculate taxes on property is the - answermilliage rate
The common name of the hazardous-waste cleanup fund established by the Comprehensive
Environmental Response, Compensa on and Liability Act (CERCLA) is - answersuperfund
May evic on and foreclosure no ces be delivered electronically in South Carolina? - answerNO
How many years of sales experience must a salesperson have in order to qualify to take the brokers
exam? - answer3
A development map that shows the loca on and sizes of lots and streets is known as a - answergrid plan
he Residen al Property Condi on Disclosure form applies to transac ons that involve no more than,
how many units? - answer4
How many years must a full copy of a transac on file be held by a broker a er closing? - answer5
Who is responsible for maintaining a habitable property and for complying with local housing and
building codes in a rental situa on? - answerLessor
Salespersons must present any client monies received, to their broker, within - answer1 business day
, The net spendable income generated by an investment is referred to as - answerCash flow
How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund Account
records? - answer5 years
A recipient of a high cost loan on a property in South Carolina must - answerreceive counseling on the
advisability of the loan
Mortgage "discount" points only apply if which of the following condi ons are met? - answerThe interest
rate on the mortgage loan has been lowered by 1% for each point charged.
How long does a South Carolina landlord have to return a security deposit to a tenant at the conslusion
of a lease? - answer30 days
Is SC a community property state? - answerNo
Lenders will always order this before making a loan. - answeran appraisal
Be y Broker presents an offer to her seller, but the terms are not acceptable to the seller. What form
must Be y complete? - answeran offer rejec on form
Mortgage loans with fluctua ng rates are termed as - answerARM
Does South Carolina have homestead laws? - answerYES
A buyer is viewing a home and asks the agent if any sex offenders live in the immediate area. How should
the agent respond? - answereducate the buyer on doing a search for sex offenders in the area
QUESTIONS||VERIFIED WITH 100% ACTUAL AND
CORRECT ANSWERS ||FOR TOP STUDENTS||A+
GUARANTEEE PASS
The amount per $1,000 used to calculate taxes on property is the - answermilliage rate
The common name of the hazardous-waste cleanup fund established by the Comprehensive
Environmental Response, Compensa on and Liability Act (CERCLA) is - answersuperfund
May evic on and foreclosure no ces be delivered electronically in South Carolina? - answerNO
How many years of sales experience must a salesperson have in order to qualify to take the brokers
exam? - answer3
A development map that shows the loca on and sizes of lots and streets is known as a - answergrid plan
he Residen al Property Condi on Disclosure form applies to transac ons that involve no more than,
how many units? - answer4
How many years must a full copy of a transac on file be held by a broker a er closing? - answer5
Who is responsible for maintaining a habitable property and for complying with local housing and
building codes in a rental situa on? - answerLessor
Salespersons must present any client monies received, to their broker, within - answer1 business day
, The net spendable income generated by an investment is referred to as - answerCash flow
How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund Account
records? - answer5 years
A recipient of a high cost loan on a property in South Carolina must - answerreceive counseling on the
advisability of the loan
Mortgage "discount" points only apply if which of the following condi ons are met? - answerThe interest
rate on the mortgage loan has been lowered by 1% for each point charged.
How long does a South Carolina landlord have to return a security deposit to a tenant at the conslusion
of a lease? - answer30 days
Is SC a community property state? - answerNo
Lenders will always order this before making a loan. - answeran appraisal
Be y Broker presents an offer to her seller, but the terms are not acceptable to the seller. What form
must Be y complete? - answeran offer rejec on form
Mortgage loans with fluctua ng rates are termed as - answerARM
Does South Carolina have homestead laws? - answerYES
A buyer is viewing a home and asks the agent if any sex offenders live in the immediate area. How should
the agent respond? - answereducate the buyer on doing a search for sex offenders in the area
