South Carolina Exam Prep 2023 with complete solution
In SC, real estate license law is administered by the
a. SC Human Affairs Commission
b. SC Real Estate Commission
c. SC Association of REALTORS
d. Department of Housing and Urban Development
b. SC Real Estate Commission
The SC Real Estate Commission has the authority to
a. make and enforce the rules by which all real estate licenses must abide
b. compose the exam questions on the state exam
c. administer the exams given at the testing sites
d. enact the laws that govern real estate licenses
a. make and enforce the rules by which all real estate licenses must abide
The SC Real Estate commission may investigate a licensee for all the following reasons
except:
a. its own initiative
b. a written complaint submitted by an agent about a cooperative commission
arrangement
c. the director has reason to believe that a licensee is unfit to practice
d. a written complaint submitted by a disgruntled customer
b. a written complaint submitted by an agent about a cooperative commission
arrangement
In SC, which of the following would need to be a licensed real estate broker?
a. person who employs fewer than 3 agents
b. licensed attorney acting under a power of attorney to convey real estate
c. owner of a duplex
d. partnership selling a building owned by the partners
a. a person who employs fewer than 3 agents
A real estate license is required for all the following activities EXCEPT:
a. managing real estate
b. reselling a personal mobile home
c. selling real estate
d. collecting rent for the use of real estate
b. reselling a personal mobile home
If engaged in real estate activities, which of the following persons are exempt from the
real estate licensing program?
a. attorneys at law if within scope of duties for a client
b. appraisers
c. resident apartment managers
d. land auctioneers
a. attorneys at law, if within scope of duties for a client
The office manager for a local real estate firm is responsible for the following activities:
coordinating the flow of paperwork through the office, preparing forms and advertising
copy, and hiring and supervising clerical personnel. The office manager is:
a. violating the license law
,b. required to have a brokers license
c. required to have a salesperson license
d. exempt from real estate licensing requirements
d. exempt from real estate licensing requirements
In SC, application for any real estate license must
a. be completed before taking any written exam
b. contain a picture of the applicant
c. be made before May 31st of each year
d. be accompanied by a sworn statement attesting to the applicant's character
a. be completed before the written exam
In SC, the following are requirements for obtaining a broker's license EXCEPT
a. having successfully completed 150 hours of approved real estate courses
b. being at least 21 years of age
c. having been actively engaged as a licensed salesperson for at least 5 years
d. being of good moral character
c. having been actively engaged as a licensed salesperson for at least 5 years
3 weeks before N begins his real estate pre-license class, he offers to help his neighbor
sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted
while N is taking the class and closes the day before N passes the examination and
receives his salesperson license. The neighbor refuses to pay N the agreed upon
commission. Can N sue to recover payment?
a. Yes because N was formally enrolled in a course of study intended to result in a real
estate license at the time the offer was procured and accepted, the commission
agreement is binding
b. No, in SC, a real estate salesperson must have permanent office in which his or her
license Is displayed in order to collect commission from seller.
c. Yes, while the statute of frauds forbids recovery on an oral commission contract
under these facts
d. No, state law prohibits lawsuits to collect commissions unless injured party is a
licensed salesperson and the license was in effect before the agreement was reached
d. No, state law prohibits lawsuits to collect commissions unless injured party is a
licensed salesperson and the license was in effect before the agreement was reached
An applicant for a real estate license in SC must
a. have completed at least 2 years of college
b. be at least 21
c. respond within 60 days to the commission if notified of unsatisfactory credit
d. show proof of passing the license examination any time up to 6 months prior to the
application
c. respond within 60 days to the commission if notified of unsatisfactory credit
What date do real estate salespersons' license expire?
a. on the licensee's birthday every 2 years
b. June 30th every 2 years
c. December 31st every 2 years
d. June 30th every odd-numbered year
b. June 30th every 2 years
, To renew a license in SC, a salesperson must
a. pay a fee of $60 only
b. be actively participating in the real estate business
c. have completed 4 hours of continuing ed every year
d. have completed 8 hours of continuing ed in the last 2 years
d. have completed 8 hours of continuing ed in the last 2 years
A licensee who allows his or her license to expire has how long to reinstate the license
without monetary penalty?
a. there is no "free" time
b. up to 30 days
c. no more than 365 days
d. 2 weeks
a. there is no "free" time
In SC licenses are renewed
a. annually, in the month issued
b. every 2 years in the month of the licensees birthday
c. on June 30th of each even-numbered year
d. biennially on June 30th
d. biennially on June 30th
A salesperson must complete which of the following courses to renew his or her
license?
a. 2 hours of law update (core); 6 hours of core and/or elective courses
b. 18 hours of home study
c. three 12-hour classes for listing, buying, and ethics
d. there are no mandatory requirements
a. 2 hours of law update (core); 6 hours of core and/or elective courses
In SC an unlicensed RE assistant may perform which of the following activities?
a. show property for sale
b. hold an open house
c. explain simple contract documents to prospective buyers
d. prepare and distribute flyers and promotional materials
d. prepare and distribute flyers and promotional materials
Regarding licensing and duties of personal real estate assistants in SC, they
a. must be licensed
b. may insert factual information into form contracts under the employing broker's
supervision and approval
c. may show houses for their supervising broker
d. must be unlicensed individuals; licensees must be either salespeople or associate
brokers
b. may insert factual information into form contracts under the employing broker's
supervision and approval
All of the following are true about nonresident licensees EXCEPT that they must
a. be licensed as a broker or salesperson in some state
b. be licensed under a broker-in-charge with a SC license
c. take all education course requirements in SC
d. notify the commission in writing within 60 days of becoming a SC resident
In SC, real estate license law is administered by the
a. SC Human Affairs Commission
b. SC Real Estate Commission
c. SC Association of REALTORS
d. Department of Housing and Urban Development
b. SC Real Estate Commission
The SC Real Estate Commission has the authority to
a. make and enforce the rules by which all real estate licenses must abide
b. compose the exam questions on the state exam
c. administer the exams given at the testing sites
d. enact the laws that govern real estate licenses
a. make and enforce the rules by which all real estate licenses must abide
The SC Real Estate commission may investigate a licensee for all the following reasons
except:
a. its own initiative
b. a written complaint submitted by an agent about a cooperative commission
arrangement
c. the director has reason to believe that a licensee is unfit to practice
d. a written complaint submitted by a disgruntled customer
b. a written complaint submitted by an agent about a cooperative commission
arrangement
In SC, which of the following would need to be a licensed real estate broker?
a. person who employs fewer than 3 agents
b. licensed attorney acting under a power of attorney to convey real estate
c. owner of a duplex
d. partnership selling a building owned by the partners
a. a person who employs fewer than 3 agents
A real estate license is required for all the following activities EXCEPT:
a. managing real estate
b. reselling a personal mobile home
c. selling real estate
d. collecting rent for the use of real estate
b. reselling a personal mobile home
If engaged in real estate activities, which of the following persons are exempt from the
real estate licensing program?
a. attorneys at law if within scope of duties for a client
b. appraisers
c. resident apartment managers
d. land auctioneers
a. attorneys at law, if within scope of duties for a client
The office manager for a local real estate firm is responsible for the following activities:
coordinating the flow of paperwork through the office, preparing forms and advertising
copy, and hiring and supervising clerical personnel. The office manager is:
a. violating the license law
,b. required to have a brokers license
c. required to have a salesperson license
d. exempt from real estate licensing requirements
d. exempt from real estate licensing requirements
In SC, application for any real estate license must
a. be completed before taking any written exam
b. contain a picture of the applicant
c. be made before May 31st of each year
d. be accompanied by a sworn statement attesting to the applicant's character
a. be completed before the written exam
In SC, the following are requirements for obtaining a broker's license EXCEPT
a. having successfully completed 150 hours of approved real estate courses
b. being at least 21 years of age
c. having been actively engaged as a licensed salesperson for at least 5 years
d. being of good moral character
c. having been actively engaged as a licensed salesperson for at least 5 years
3 weeks before N begins his real estate pre-license class, he offers to help his neighbor
sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted
while N is taking the class and closes the day before N passes the examination and
receives his salesperson license. The neighbor refuses to pay N the agreed upon
commission. Can N sue to recover payment?
a. Yes because N was formally enrolled in a course of study intended to result in a real
estate license at the time the offer was procured and accepted, the commission
agreement is binding
b. No, in SC, a real estate salesperson must have permanent office in which his or her
license Is displayed in order to collect commission from seller.
c. Yes, while the statute of frauds forbids recovery on an oral commission contract
under these facts
d. No, state law prohibits lawsuits to collect commissions unless injured party is a
licensed salesperson and the license was in effect before the agreement was reached
d. No, state law prohibits lawsuits to collect commissions unless injured party is a
licensed salesperson and the license was in effect before the agreement was reached
An applicant for a real estate license in SC must
a. have completed at least 2 years of college
b. be at least 21
c. respond within 60 days to the commission if notified of unsatisfactory credit
d. show proof of passing the license examination any time up to 6 months prior to the
application
c. respond within 60 days to the commission if notified of unsatisfactory credit
What date do real estate salespersons' license expire?
a. on the licensee's birthday every 2 years
b. June 30th every 2 years
c. December 31st every 2 years
d. June 30th every odd-numbered year
b. June 30th every 2 years
, To renew a license in SC, a salesperson must
a. pay a fee of $60 only
b. be actively participating in the real estate business
c. have completed 4 hours of continuing ed every year
d. have completed 8 hours of continuing ed in the last 2 years
d. have completed 8 hours of continuing ed in the last 2 years
A licensee who allows his or her license to expire has how long to reinstate the license
without monetary penalty?
a. there is no "free" time
b. up to 30 days
c. no more than 365 days
d. 2 weeks
a. there is no "free" time
In SC licenses are renewed
a. annually, in the month issued
b. every 2 years in the month of the licensees birthday
c. on June 30th of each even-numbered year
d. biennially on June 30th
d. biennially on June 30th
A salesperson must complete which of the following courses to renew his or her
license?
a. 2 hours of law update (core); 6 hours of core and/or elective courses
b. 18 hours of home study
c. three 12-hour classes for listing, buying, and ethics
d. there are no mandatory requirements
a. 2 hours of law update (core); 6 hours of core and/or elective courses
In SC an unlicensed RE assistant may perform which of the following activities?
a. show property for sale
b. hold an open house
c. explain simple contract documents to prospective buyers
d. prepare and distribute flyers and promotional materials
d. prepare and distribute flyers and promotional materials
Regarding licensing and duties of personal real estate assistants in SC, they
a. must be licensed
b. may insert factual information into form contracts under the employing broker's
supervision and approval
c. may show houses for their supervising broker
d. must be unlicensed individuals; licensees must be either salespeople or associate
brokers
b. may insert factual information into form contracts under the employing broker's
supervision and approval
All of the following are true about nonresident licensees EXCEPT that they must
a. be licensed as a broker or salesperson in some state
b. be licensed under a broker-in-charge with a SC license
c. take all education course requirements in SC
d. notify the commission in writing within 60 days of becoming a SC resident
