SOUTH CAROLINA REAL ESTATE EXAM PRACTICE QUESTIONS WITH CORRECT SOLUTIONS
4 views 0 purchase
Course
SC Real Estate
Institution
SC Real Estate
SOUTH CAROLINA REAL ESTATE EXAM PRACTICE
QUESTIONS WITH CORRECT SOLUTIONS
The amount per $1,000 used to calculate taxes on property is the - Correct Answer ️️ -
milliage rate
The common name of the hazardous-waste cleanup fund established by the
Comprehensive Environmental Response, Compen...
SOUTH CAROLINA REAL ESTATE EXAM PRACTICE QUESTIONS WITH CORRECT SOLUTIONS The amount per $1,000 used to calculate taxes on property is the - Correct Answer ✔️✔️-
milliage rate The common name of the hazardous -waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is - Correct Answer ✔️✔️-superfund May eviction and foreclosure notices be delivered electronically in South Carolina? - Correct Answer ✔️✔️-NO How many years of sales experience must a salesperson have in order to qualify to take the brokers exam? - Correct Answer ✔️✔️-3 A development map that shows the location and sizes of lots and streets is known as a - Correct Answer ✔️✔️-grid plan he Residential Property Condition Disclosure form applies to transactions that involve no more than, how many units? - Correct Answer ✔️✔️-4 How many years must a full copy of a transaction file be held by a broker after closing? - Correct Answer ✔️✔️-5 Who is responsible for maintaining a habitable property and for complying with local housing and building codes in a rental situation? - Correct Answer ✔️✔️-Lessor Salespersons must present any client monies received, to their brok er, within - Correct Answer ✔️✔️-1 business day The net spendable income generated by an investment is referred to as - Correct Answer ✔️✔️-Cash flow How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund Account records? - Correct Answer ✔️✔️-5 years A recipient of a high cost loan on a property in South Carolina must - Correct Answer ✔️✔️-receive counseling on the advisability of the loan Mortgage "discount" points only apply if which of the following conditions are met? - Correct Answer ✔️✔️-The interest rate on the mortgage loan has been lowered by 1% for each point charged. How long does a South Carolina landlord have to return a security deposit to a tenant at the conslusion of a lease? - Correct Answer ✔️✔️-30 days Is SC a community property state? - Correct Answer ✔️✔️-No Lenders will always order this before making a loan. - Correct Answer ✔️✔️-an appraisal Betty Broker presents an offer to her seller, but the terms are not acceptable to the seller. What form must Betty complete? - Correct Answer ✔️✔️-an offer rejection form Mortgage loans with fluctuating rates are termed as - Correct Answer ✔️✔️-ARM Does So uth Carolina have homestead laws? - Correct Answer ✔️✔️-YES A buyer is viewing a home and asks the agent if any sex offenders live in the immediate area. How should the agent respond? - Correct Answer ✔️✔️-educate the buyer on doing a search for sex offend ers in the area
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 EmilyCharlene. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
