60 hour CE Shop SC Exams Questions And Correct Answers
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Course
CE Shop
Institution
CE Shop
60 hour CE Shop SC Exams Questions
And Correct 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 - answerthe full name of the licensee's real estate brokerage
...
60 hour CE Shop SC Exams Questions
And Correct 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How long does a licensee who's been revoked have to wait to get a new license ?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
Of the South Carolina Real Estate Commission ____ members are active real estate
professionals. ____ are elected by state house and senate members, and ____ is elected by other
commission members. - answer✔✔8, 7, 1
The parties to the listing agreement are - answer✔✔the listing broker and the seller.
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