Exam (elaborations)
THE CE SHOP PRACTICE TEST SC REAL ESTATE WITH QUESTIONS AND 100% SURE ANSWERS
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THE CE SHOP PRACTICE TEST SC REAL ESTATE WITH QUESTIONS AND 100% SURE ANSWERS
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JACKLINETHE CE SHOP PRACTICE TEST SC REAL ESTATE WITH QUESTIONS AND
100% SURE ANSWERS
Practice questions for this set
,8/26/24, 1:30 AM
-The parties must litigate to satisfy the terms.
-The terms are void.
Without a buyer agency agreement in place, which party does the agent who's assisting the
buyer represent?
-No one
2
-The agent
-The buyer
-The seller
From a real estate licensee's standpoint, what's the purpose of qualifying buyers before working
with them?
-To determine their financial wherewithal
3
-To determine their readiness to purchase and make sure they're not already working with
another agent
-To learn if you have things in common with them
-To pre-qualify them for a loan
Earnest money in South Carolina must be deposited using _____ _.
-Any legal tender
4
-Cash or money order
-Wired funds or a certified check
-Wired funds or a money order
Don't know?
Terms in this set (84)
, 8/26/24, 1:30 AM
When performing a market analysis, given the The one that required less adjustment
adjusted sales prices of three comparables, which **The comparable that required less adjustment overall (including both upward and downward
comparable would you weigh most heavily? adjustments) will be the one most similar to the subject property. Therefore, it would be weighed
-The one that had more upward adjustments than most heavily.
the others
-The one that required less adjustment
-The one with an adjusted sales price higher than
the actual sales price
-The one with the adjusted sales price lower than
the actual sales price
In South Carolina, the parties agree in the sales Due Diligence Addendum
contract to a repair procedure unless what
document is attached?
-Amendment to Repair Procedure
-Due Diligence Addendum
-Seller Disclosure Statement
-Waiver of Repair Procedure
Without a buyer agency agreement in place, which The seller
party does the agent who's assisting the buyer **If there is no agency agreement in place, the agent who's assisting the buyer represents the seller.
represent?
-No one
-The agent
-The buyer
-The seller
If special assessments apply to a property involved The seller, if the assessment is applied prior to closing
in a South Carolina sales transaction, who's **The sellers are responsible for paying any special assessments applied before closing, and the
responsible for paying the assessment? buyers are responsible for any that are applied after closing.
-The brokers representing the buyer and seller
-The buyer, if the assessment is applied prior to
closing
-The closing attorney
-The seller, if the assessment is applied prior to
closing
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