Sc state real estate Study guides, Class notes & Summaries
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PSI Test Practice Guide Exam With Practical Questions And Answers |Distinction Guaranteed.
- Exam (elaborations) • 63 pages • 2024
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Agency disclosure requirements apply in all of the following transactions EXCEPT 
 
A) resale of foreclosed properties 
B) commercial leases 
C) new construction 
D) multifamily sales - correct answer B) commercial leases 
 
The period of time over which an improvement to the property will remain useful for its original purpose is known as its 
 
a. amortized life. 
b. chronological life. 
c. actual life. 
d. economic life. - correct answer ...
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SC Real Estate - State Portion Prep Questions and Answers
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SC Real Estate - State Portion Prep 
Questions and Answers 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - Correct Answer ️️ -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 this special treatment? - Correct Answer ️️ -Homestead 
Exemption is -$50K of the Appraised Value 
The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - 
...
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SC REAL ESTATE LICENSING EXAM REVIEW QUESTIONS AND ANSWERS. | LATEST EXAM UPDATES| 2024/25 |GRADED A+
- Exam (elaborations) • 12 pages • 2024
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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 the state examination, but has failed to obtain an employer prior to 
the exam date. In this case, the applicant - -may take the exam and receive an inactive license. 
A broker operates an office in ...
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Property management license Exam Questions with Complete Solutions
- Exam (elaborations) • 12 pages • 2024
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Property management license Exam Questions with 
Complete Solutions 
The Civil Rights act of 1866 reaffirmed - Answer ️️ - 
Security deposits received in the agent's personal rental transaction are not required to be 
deposited in a trust account - Answer ️️ -FALSE 
Disputed trust funds can be disbursed in the following way - Answer ️️ -written agreement 
between the parties 
A licensee who receives compensation in a real estate transaction from more than one party can 
be disciplin...
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SC Real Estate - State Portion Prep Questions and Answers
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
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SC Real Estate - State Portion Prep 
Questions and Answers 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - Correct Answer ️️ -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 this special treatment? - Correct Answer ️️ -Homestead 
Exemption is -$50K of the Appraised Value 
The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - 
...
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South Carolina Real Estate Exam (State Portion Only) Questions and Answers
- Exam (elaborations) • 125 pages • 2024
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South Carolina Real Estate Exam (State Portion Only) 
Questions and Answers 
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 - Correct Answer ️️ -D) borrower 
The assumption fee when assuming a loan in SC may not exceed _____. 
A) 1% of the loan or $400, whichever is greater 
B) 1/2% of the loan 
C) $500 
D) 1% of the loan or $400, whichever is less - Corr...
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SC Real Estate - State Portion Prep Questions and Answers
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
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SC Real Estate - State Portion Prep 
Questions and Answers 
In South Carolina, the law has set and assessment rate if: 
What is the rate for residential owner occupied property? - Correct Answer ️️ -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 this special treatment? - Correct Answer ️️ -Homestead 
Exemption is -$50K of the Appraised Value 
The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - 
...
-
Property management license Exam Questions with Complete Solutions
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
Property management license Exam Questions with 
Complete Solutions 
The Civil Rights act of 1866 reaffirmed - Answer ️️ - 
Security deposits received in the agent's personal rental transaction are not required to be 
deposited in a trust account - Answer ️️ -FALSE 
Disputed trust funds can be disbursed in the following way - Answer ️️ -written agreement 
between the parties 
A licensee who receives compensation in a real estate transaction from more than one party can 
be disciplin...
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SC REAL ESTATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS
- Exam (elaborations) • 66 pages • 2024
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SC REAL ESTATE EXAM REVIEW 2024 
QUESTIONS AND ANSWERS 
how often do realtors renew licenses - Correct Answer ️️ -every 2 years by June 30th 
which I the end of the fiscal year 
how many hours of continuing education do you need - Correct Answer ️️ -8 hrs every 
2 years 
how long do you need to wait to reinstate your license after it is revoked - Correct 
Answer ️️ -1 yr 
can a broker in charge be over move than 1 branch office at a time - Correct Answer ️️ 
-yes 
broker in charg...
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SC REAL ESTATE PSI EXAM REVIEW QUESTIONS AND ANSWERS, GRADED| LATEST EXAM UPDATES| 2024/25 | A+/ VERIFIED/
- Exam (elaborations) • 14 pages • 2024
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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 parties. 
Third Party AKA customer - -The person(s) the agent is trying to do busines with while representing 
the client 
Common Law - -Created by judges 
Statues - -written State or Federal laws 
Ty...
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