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South Carolina Real Estate- Certification Exam *Q&A* (100% Correct) 2025/2026 |VERIFIED| £7.36
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South Carolina Real Estate- Certification Exam *Q&A* (100% Correct) 2025/2026 |VERIFIED|

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South Carolina Real Estate- Certification Exam *Q&A* (100% Correct) 2025/2026 |VERIFIED| What is the purpose of the South Carolina Real Estate Commission? The purpose of the South Carolina Real Estate Commission is to protect the public by ensuring that real estate professionals operate f...

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  • December 8, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • south carolina real estate certification exam q

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  • Real Estate
  • Real Estate

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South Carolina Real Estate- Certification
Exam *Q&A* (100% Correct) 2025/2026
|VERIFIED|
What is the purpose of the South Carolina Real Estate Commission?

The purpose of the South Carolina Real Estate Commission is to protect the public by ensuring
that real estate professionals operate fairly and legally in the real estate market.



What is a real estate broker in South Carolina required to do when handling client funds?

A real estate broker must deposit client funds into a trust account and maintain proper records of
all transactions involving client money.



What is the primary difference between an exclusive agency listing and an exclusive right-to-sell listing in
South Carolina?

In an exclusive agency listing, the seller may sell the property themselves without paying the
broker a commission, while in an exclusive right-to-sell listing, the broker earns a commission regardless
of who sells the property.



When is a South Carolina real estate licensee required to disclose material defects in a property?

A licensee is required to disclose material defects when they have knowledge of them, even if the
defect is not obvious to the buyer.



What is the maximum penalty for practicing real estate without a valid South Carolina license?

The maximum penalty for practicing real estate without a valid license is a fine of up to $5,000
and/or imprisonment for up to one year.



What is the difference between a "deed of trust" and a "mortgage" in South Carolina?

A deed of trust involves three parties (borrower, lender, and trustee), while a mortgage involves
two parties (borrower and lender) and places a lien directly on the property.




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, What are the continuing education requirements for South Carolina real estate licensees?

Real estate licensees in South Carolina must complete 10 hours of continuing education every
two years, including a mandatory 4-hour core course.



What is the purpose of the South Carolina Residential Property Condition Disclosure Statement?

The purpose of the statement is to provide the buyer with information about the property's
condition and to disclose any known defects or issues that may affect its value.



What is the difference between a "special agent" and a "general agent" in real estate transactions?

A special agent is authorized to perform specific tasks on behalf of the principal, such as selling a
property, while a general agent has broader authority to act on behalf of the principal in multiple
matters.



How long must a real estate broker keep records of transactions in South Carolina?

A real estate broker must keep transaction records for at least five years from the date of the
transaction.



When must an offer to purchase real estate in South Carolina be in writing to be enforceable?

An offer to purchase real estate must be in writing to be enforceable under the Statute of Frauds,
which requires written contracts for real estate transactions.



What is the role of the South Carolina Real Estate Commission regarding licensing?

The role of the South Carolina Real Estate Commission is to regulate the licensing process, set
educational requirements, and enforce laws and regulations related to real estate practices.



What happens if a real estate licensee in South Carolina is found guilty of unethical conduct?

If a licensee is found guilty of unethical conduct, they may face disciplinary action, including fines,
suspension, or revocation of their license.



What is the maximum amount a real estate agent in South Carolina can charge for a transaction fee?




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