100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
60 hour CE Shop SC Exam Questions and Answers $11.49   Add to cart

Exam (elaborations)

60 hour CE Shop SC Exam Questions and Answers

 6 views  0 purchase
  • Course
  • CE Shop
  • Institution
  • CE Shop

60 hour CE Shop SC Exam Questions and Answers

Preview 2 out of 7  pages

  • August 18, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CE Shop
  • CE Shop
avatar-seller
millyphilip
60 hour CE Shop SC Exam Questions
and Answers

Transfer fees can be assessed on real property sales at a rate of - Answer -$1.85 per
$500 of the sales price and are typically paid by the seller.

All advertisements must include - Answer -the full name of the licensee's real estate
brokerage firm. If a licensee is part of a team, the team name needs to be included as
well.

The broker-in-charge must notify the real estate commission of changes to name or
contact information within ___ days - Answer -10 days

Unlicensed assistants may perform administrative tasks only, and may only write real
estate ads ____ - Answer -with their broker-in-charge's approval.

The South Carolina Real Estate Commission does ? - Answer -receives complaints,
investigates them, holds hearings, and issues disciplinary action.

A broker-in-charge has supervisory responsibility over the actions of - Answer -all
associated licensees, which includes salespersons, brokers, and unlicensed
employees.
(vicariously liable)

In a designated agency relationship, certain parties are considered dual agents. Who? -
Answer -Broker and associated licensees

According to South Carolina's Residential Landlord and Tenant Act, what's the largest
amount a landlord can require for a security deposit? - Answer -There's no limit

fair housing complaints must be submitted to the commission in writing within how many
days of the discriminatory act? - Answer -180

Complaints filed with Housing and Urban Development (HUD) must be made within -
Answer -1 year

If the non-resident seller is a corporation, ____% must be withheld - Answer -5%

, If the seller is a non-resident individual, partnership, trust, or estate, ____% of the non-
resident seller's recognized gain must be withheld - Answer -7

A South Carolina agency agreement can be viewed as a(n) ___________. - Answer -
Employment contract between a client and brokerage

Is there an agency relationship in transaction brokerage? - Answer -no, non-
representative

How long does a licensee who's been revoked have to wait to get a new license ? -
Answer -3 years

South Carolina law requires smoke detectors be installed in all ____ family residential
dwellings, including manufactured homes, regardless of whether the property is owner-
or tenant-occupied. - Answer -one- and two-

Buyers in a transaction are owed duties from the seller's agent. Which of these are
duties they can expect? - Answer -Honesty and actions performed within scope of
expertise

First substantive contact generally means before discussing - Answer -financial,
confidential, or motivational information with a consumer.

The Ocean & Coastal Resource Management (OCRM) regulates - Answer -critical
areas in the state through the Coastal Zone Management Program.

The landlord may place an evicted tenant's personal possessions by a public street or
highway, and have them removed by the trash haulers on their scheduled run, or
remove them for disposal ____ - Answer -48 hours post-eviction

Consumers must report possible violations to the South Carolina Human Affairs
Commission, in writing, within ____ of the discriminatory action. - Answer -180 days

Homestead exemption applicants must have been a South Carolina resident for at least
____ prior to applying for exemption, among other criteria. - Answer -one year on or
before December 31 of the year

Records related to a real estate transaction must be kept, and available upon
commission request, for at least ____ - Answer -five years

Listing agents must ____ but must disclose material facts to ____ - Answer -maintain
seller confidentiality , all parties

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller millyphilip. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79271 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart