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SOUTH CAROLINA REAL ESTATE EXAM PRACTICE QUESTIONS & ANSWE| LATEST EXAM UPDATES| 2024/25 |RS, GRADED A+
[Show more]SOUTH CAROLINA REAL ESTATE EXAM PRACTICE QUESTIONS & ANSWE| LATEST EXAM UPDATES| 2024/25 |RS, GRADED A+
[Show more]SC REAL ESTATE - STATE PORTION PREP QUESTIONS AND 
ANSWERS, GRADED A+ 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - -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 ...
Preview 2 out of 5 pages
Add to cartSC REAL ESTATE - STATE PORTION PREP QUESTIONS AND 
ANSWERS, GRADED A+ 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - -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 ...
SC REAL ESTATE REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ VERIFIED/ 
The ___ establishes an agency relationship between the prop owner as principal and the brokerage as 
agent - -listing agreement 
the LA does which of the following - -creates an agency relationship between the listing brokerage 
a...
Preview 4 out of 33 pages
Add to cartSC REAL ESTATE REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ VERIFIED/ 
The ___ establishes an agency relationship between the prop owner as principal and the brokerage as 
agent - -listing agreement 
the LA does which of the following - -creates an agency relationship between the listing brokerage 
a...
SC REAL ESTATE LICENSING EXAM REVIEW 
QUESTIONS AND ANSWERS. GRADED A+ 
In which of the following cases would a person probably be required to have a real estate license? - 
-Bruce gets hired to find an office suite for a friend who is relocating her business. 
A license applicant signs up to take ...
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Add to cartSC REAL ESTATE LICENSING EXAM REVIEW 
QUESTIONS AND ANSWERS. GRADED A+ 
In which of the following cases would a person probably be required to have a real estate license? - 
-Bruce gets hired to find an office suite for a friend who is relocating her business. 
A license applicant signs up to take ...
SC REAL ESTATE - CHAPTER 1 REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED/ 
Real Estate - -Air, water, land, and everything affixed to the land. May be owned privately by 
individuals and private entities, or publicly by government entities. 
Land - -- Surface area of the earth 
- Everything b...
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Add to cartSC REAL ESTATE - CHAPTER 1 REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED/ 
Real Estate - -Air, water, land, and everything affixed to the land. May be owned privately by 
individuals and private entities, or publicly by government entities. 
Land - -- Surface area of the earth 
- Everything b...
SC REAL ESTATE PSI EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED/ 
Agent AKA Proxy - -One engaged to respresent and be under the control of a principal 
Principal AKA Client - -One who contracts with another for represenation, advise and cousel in legal 
or business dealings with third p...
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Add to cartSC REAL ESTATE PSI EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED/ 
Agent AKA Proxy - -One engaged to respresent and be under the control of a principal 
Principal AKA Client - -One who contracts with another for represenation, advise and cousel in legal 
or business dealings with third p...
SC REAL ESTATE EXAM PRACTICE COMPLETE REVIEW 
QUESTIONS AND ANSWERS, GRADED A+ 
Darryl owns a property in a critical coastal area in South Carolina. What obligation does he have? - - 
Darryl must disclose that the property lies in a critical area and is subject to limitations. 
South Carolina licen...
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Add to cartSC REAL ESTATE EXAM PRACTICE COMPLETE REVIEW 
QUESTIONS AND ANSWERS, GRADED A+ 
Darryl owns a property in a critical coastal area in South Carolina. What obligation does he have? - - 
Darryl must disclose that the property lies in a critical area and is subject to limitations. 
South Carolina licen...
SC REAL ESTATE- STATE PORTION STUDY GUIDE 
QUESTIONS AND ANSWERS, GRADED A+ 
SC Real Estate Commission - -Consists of 10 elected and/or appointed members 
SC Real estate commission power and duties - --Determine standards for education and education 
providers. 
-Recommend legislation to protect th...
Preview 2 out of 12 pages
Add to cartSC REAL ESTATE- STATE PORTION STUDY GUIDE 
QUESTIONS AND ANSWERS, GRADED A+ 
SC Real Estate Commission - -Consists of 10 elected and/or appointed members 
SC Real estate commission power and duties - --Determine standards for education and education 
providers. 
-Recommend legislation to protect th...
SC REAL ESTATE - STATE PORTION PREP REVIEW 
QUESTIONS AND ANSWERS, GRADED A+. VERIFIED. 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - -4% 
A Person Who is over 65 years of Age may get a break on his/her Ad Valorem Tax. What...
Preview 2 out of 5 pages
Add to cartSC REAL ESTATE - STATE PORTION PREP REVIEW 
QUESTIONS AND ANSWERS, GRADED A+. VERIFIED. 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - -4% 
A Person Who is over 65 years of Age may get a break on his/her Ad Valorem Tax. What...
SOUTH CAROLINA REAL ESTATE EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ 
Mindy, a South Carolina resident, is buying a new home. She'll occupy the home as her primary 
residence. It has a fair market value of $220,000 and is in an area with a millage rate of .350. What can 
she expec...
Preview 2 out of 12 pages
Add to cartSOUTH CAROLINA REAL ESTATE EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ 
Mindy, a South Carolina resident, is buying a new home. She'll occupy the home as her primary 
residence. It has a fair market value of $220,000 and is in an area with a millage rate of .350. What can 
she expec...
SOUTH CAROLINA REAL ESTATE EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+ 
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 - -The 
Commission structure f...
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Add to cartSOUTH CAROLINA REAL ESTATE EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+ 
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 - -The 
Commission structure f...
SOUTH CAROLINA REAL ESTATE EXAM (STATE PORTION 
ONLY) QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ 
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 - -D) borrowe...
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Add to cartSOUTH CAROLINA REAL ESTATE EXAM (STATE PORTION 
ONLY) QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ 
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 - -D) borrowe...
SC REAL ESTATE - STATE PORTION EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+/ 
Associated Licensee - -Licensee who is affiliated with a BIC 
Broker - -For a fee, salary, commission 
Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises 
Broker-i...
Preview 2 out of 13 pages
Add to cartSC REAL ESTATE - STATE PORTION EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+/ 
Associated Licensee - -Licensee who is affiliated with a BIC 
Broker - -For a fee, salary, commission 
Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises 
Broker-i...
SC REAL ESTATE STATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED. 
How many members are on the SC Real Estate Commission - -d. 10 
The purpose of the SC Real Estate Commission is to: - -a. regulate the real estate industry in order 
to protect the public's interest in real estate tran...
Preview 2 out of 12 pages
Add to cartSC REAL ESTATE STATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED. 
How many members are on the SC Real Estate Commission - -d. 10 
The purpose of the SC Real Estate Commission is to: - -a. regulate the real estate industry in order 
to protect the public's interest in real estate tran...
SC REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED/ 
how often do realtors renew licenses - -every 2 years by June 30th which I the end of the fiscal year 
how many hours of continuing education do you need - -8 hrs every 2 years 
how long do you need to wait to reinstate your l...
Preview 4 out of 56 pages
Add to cartSC REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED/ 
how often do realtors renew licenses - -every 2 years by June 30th which I the end of the fiscal year 
how many hours of continuing education do you need - -8 hrs every 2 years 
how long do you need to wait to reinstate your l...
SOUTH CAROLINA REAL ESTATE EXAM PRACTICE 
QUESTIONS & ANSWERS, GRADED A+ 
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 (...
Preview 2 out of 9 pages
Add to cartSOUTH CAROLINA REAL ESTATE EXAM PRACTICE 
QUESTIONS & ANSWERS, GRADED A+ 
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 (...
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