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60 hour CE Shop SC Exam Questions and Answers
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60 hour CE Shop SC Exam Questions and Answers
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60 hour CE Shop SC Exam Questionsand 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How long does a licensee who's been revoked have to wait to get a new license ?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
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