Exam (elaborations)
60-hour CE Shop SC Questions Graded A+
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Exam of 7 pages for the course The CE Shop at The CE Shop (60-hour CE Shop SC)
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60-hour CE Shop SCTransfer 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 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 - answer10 days
Unlicensed assistants may perform administrative tasks only, and may only write real
estate ads ____ - answerwith their broker-in-charge's approval.
The South Carolina Real Estate Commission does ? - answerreceives complaints,
investigates them, holds hearings, and issues disciplinary action.
A broker-in-charge has supervisory responsibility over the actions of - answerall
associated licensees, which includes salespersons, brokers, and unlicensed
employees.
(vicariously liable)
In a designated agency relationship, certain parties are considered dual agents. Who? -
answerBroker 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? - answerThere's no limit
fair housing complaints must be submitted to the commission in writing within how many
days of the discriminatory act? - answer180
Complaints filed with Housing and Urban Development (HUD) must be made within -
answer1 year
If the non-resident seller is a corporation, ____% must be withheld - answer5%
If the seller is a non-resident individual, partnership, trust, or estate, ____% of the non-
resident seller's recognized gain must be withheld - answer7
, A South Carolina agency agreement can be viewed as a(n) ___________. -
answerEmployment contract between a client and brokerage
Is there an agency relationship in transaction brokerage? - answerno, non-
representative
How long does a licensee who's been revoked have to wait to get a new license ? -
answer3 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. - answerone- and two-
Buyers in a transaction are owed duties from the seller's agent. Which of these are
duties they can expect? - answerHonesty and actions performed within scope of
expertise
First substantive contact generally means before discussing - answerfinancial,
confidential, or motivational information with a consumer.
The Ocean & Coastal Resource Management (OCRM) regulates - answercritical 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 ____ - answer48 hours post-eviction
Consumers must report possible violations to the South Carolina Human Affairs
Commission, in writing, within ____ of the discriminatory action. - answer180 days
Homestead exemption applicants must have been a South Carolina resident for at least
____ prior to applying for exemption, among other criteria. - answerone 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 ____ - answerfive years
Listing agents must ____ but must disclose material facts to ____ - answermaintain
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. - answer8, 7, 1
The parties to the listing agreement are - answerthe listing broker and the seller.
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