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SC REAL ESTATE LICENSING EXAM QUESTIONS AND ANSWERS
SC REAL ESTATE LICENSING EXAM QUESTIONS AND ANSWERS In which of the following cases would a person probably be required to have a real estate license? - Correct Answer ️️ -Bruce gets hired to find an office suite for a friend who is relocating her business. A license applicant signs up to take the state examination, but has failed to obtain an employer prior to the exam date. In this case, the applicant - Correct Answer ️️ -may take the exam and receive an inactive license. A brok...
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SC REAL ESTATE LICENSING EXAM QUESTIONS AND ANSWERS In which of the following cases would a person probably be required to have a real estate license? - Correct Answer ️️ -Bruce gets hired to find an office suite for a friend who is relocating her business. A license applicant signs up to take the state examination, but has failed to obtain an employer prior to the exam date. In this case, the applicant - Correct Answer ️️ -may take the exam and receive an inactive license. A brok...
South Carolina Real Estate Exam Practice Questions and Answers
South Carolina Real Estate Exam Practice Questions and Answers What are licensee not allowed to do - Correct Answer ️️ -misrepresent or conceal material facts or makes promises likely to influence, persuade or induce an applicant for a mortgage False Issue Loan Satisfaction - Correct Answer ️️ -Improper refusal or failure to issue a satisfaction of a mortgage Failure to practice due dilligence - Correct Answer ️️ -the act requiring licensees o use due diligence and make reaso...
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- • 14 páginas •
South Carolina Real Estate Exam Practice Questions and Answers What are licensee not allowed to do - Correct Answer ️️ -misrepresent or conceal material facts or makes promises likely to influence, persuade or induce an applicant for a mortgage False Issue Loan Satisfaction - Correct Answer ️️ -Improper refusal or failure to issue a satisfaction of a mortgage Failure to practice due dilligence - Correct Answer ️️ -the act requiring licensees o use due diligence and make reaso...
South Carolina Law Practice Test 100% Correct Solved
South Carolina Law Practice Test 100% Correct Solved This unit, as part of the DCA, was established in October 2013 to provide consumer education and guidance, and to enforce the state's Financial Identity Fraud and Identity Theft Protection Act. - Correct Answer ️️ -The Identity Theft Unit A penalty in an amount between $1,500 and $7,500 may be assessed on a person for violation of which provision? - Correct Answer ️️ -Fee Agreement Provisions of SC Law Parties may contract for ...
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South Carolina Law Practice Test 100% Correct Solved This unit, as part of the DCA, was established in October 2013 to provide consumer education and guidance, and to enforce the state's Financial Identity Fraud and Identity Theft Protection Act. - Correct Answer ️️ -The Identity Theft Unit A penalty in an amount between $1,500 and $7,500 may be assessed on a person for violation of which provision? - Correct Answer ️️ -Fee Agreement Provisions of SC Law Parties may contract for ...
South Carolina Real Estate Exam (State Portion Only) Questions and Answers
South Carolina Real Estate Exam (State Portion Only) Questions and Answers The creditor should ascertain the preference of the _____ as to legal counsel relating to closing the loan and insurance agent. A) lender B) seller C) real estate agent D) borrower - Correct Answer ️️ -D) borrower The assumption fee when assuming a loan in SC may not exceed _____. A) 1% of the loan or $400, whichever is greater B) 1/2% of the loan C) $500 D) 1% of the loan or $400, whichever is less - Corr...
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South Carolina Real Estate Exam (State Portion Only) Questions and Answers The creditor should ascertain the preference of the _____ as to legal counsel relating to closing the loan and insurance agent. A) lender B) seller C) real estate agent D) borrower - Correct Answer ️️ -D) borrower The assumption fee when assuming a loan in SC may not exceed _____. A) 1% of the loan or $400, whichever is greater B) 1/2% of the loan C) $500 D) 1% of the loan or $400, whichever is less - Corr...
SC Real Estate - State Portion Exam Practice Questions and Answers
SC Real Estate - State Portion Exam Practice Questions and Answers Associated Licensee - Correct Answer ️️ -Licensee who is affiliated with a BIC Broker - Correct Answer ️️ -For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - Correct Answer ️️ -Has responsibility over actions of all associated licensees and real estate trust accounts Client - Correct Answer ️️ -Person ...
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SC Real Estate - State Portion Exam Practice Questions and Answers Associated Licensee - Correct Answer ️️ -Licensee who is affiliated with a BIC Broker - Correct Answer ️️ -For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - Correct Answer ️️ -Has responsibility over actions of all associated licensees and real estate trust accounts Client - Correct Answer ️️ -Person ...
South Carolina Real Estate Exam Questions and Answers
South Carolina Real Estate Exam Questions and Answers When a loan is subject to the provisions of the Real Estate Settlement Procedures Act (RESPA), Which of the following elements of the Real estate transaction need NOT observe RESPA guidelines - Correct Answer ️️ -The Commission structure for licensees Regulation Z of the Truth_in lending Act Provides what penalty for licensees who willfully fail to comply with its advertising guidelines for real estate financing? - Correct Answer ...
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South Carolina Real Estate Exam Questions and Answers When a loan is subject to the provisions of the Real Estate Settlement Procedures Act (RESPA), Which of the following elements of the Real estate transaction need NOT observe RESPA guidelines - Correct Answer ️️ -The Commission structure for licensees Regulation Z of the Truth_in lending Act Provides what penalty for licensees who willfully fail to comply with its advertising guidelines for real estate financing? - Correct Answer ...
South Carolina Exam Prep: Closing Details Practice Questions and Answers
South Carolina Exam Prep: Closing Details Practice Questions and Answers What are the two ways a closing or settlement can be conducted? - Correct Answer ️️ -Face to face or escrow closing What is a face to face closing? - Correct Answer ️️ -Parties exchange documents and sign papers in a face to face setting What is an escrow closing? - Correct Answer ️️ -Prior to closing, the closing agent orders and reviews documents. Parties don't meet at all, paperwork is handled by esc...
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South Carolina Exam Prep: Closing Details Practice Questions and Answers What are the two ways a closing or settlement can be conducted? - Correct Answer ️️ -Face to face or escrow closing What is a face to face closing? - Correct Answer ️️ -Parties exchange documents and sign papers in a face to face setting What is an escrow closing? - Correct Answer ️️ -Prior to closing, the closing agent orders and reviews documents. Parties don't meet at all, paperwork is handled by esc...
SC Real Estate - State Portion Prep Questions and Answers
SC Real Estate - State Portion Prep Questions and Answers In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - Correct Answer ️️ -4% A Person Who is over 65 years of Age may get a break on his/her Ad Valorem Tax. What is the Nature of this special treatment? - Correct Answer ️️ -Homestead Exemption is -$50K of the Appraised Value The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - ...
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SC Real Estate - State Portion Prep Questions and Answers In South Carolina, the law has set and assessment rate if: What is the rate for residential owner occupied property? - Correct Answer ️️ -4% A Person Who is over 65 years of Age may get a break on his/her Ad Valorem Tax. What is the Nature of this special treatment? - Correct Answer ️️ -Homestead Exemption is -$50K of the Appraised Value The assessed value is $3000 and the tax is based on 200 mills. How much is the Tax? - ...
SC Real Estate State Exam Practice Questions and Answers
SC Real Estate State Exam Practice Questions and Answers How many members are on the SC Real Estate Commission - Correct Answer ️️ -d. 10 The purpose of the SC Real Estate Commission is to: - Correct Answer ️️ -a. regulate the real estate industry in order to protect the public's interest in real estate transactions Who conducts real estate licensee disciplinary hearings? - Correct Answer ️️ -d. The Real Estate Commission A SC real estate salesperson must be at least: - Corr...
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SC Real Estate State Exam Practice Questions and Answers How many members are on the SC Real Estate Commission - Correct Answer ️️ -d. 10 The purpose of the SC Real Estate Commission is to: - Correct Answer ️️ -a. regulate the real estate industry in order to protect the public's interest in real estate transactions Who conducts real estate licensee disciplinary hearings? - Correct Answer ️️ -d. The Real Estate Commission A SC real estate salesperson must be at least: - Corr...
sc real estate exam practice questions and answers 100% pass
sc real estate exam practice questions and answers 100% pass Darryl owns a property in a critical coastal area in South Carolina. What obligation does he have? - Correct Answer ️️ -Darryl must disclose that the property lies in a critical area and is subject to limitations. South Carolina licensee Joseph tells his client that a property is zoned as residential, even though he knows it's zoned as commercial. This violation is an example of ______. - Correct Answer ️️ -Making a sub...
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sc real estate exam practice questions and answers 100% pass Darryl owns a property in a critical coastal area in South Carolina. What obligation does he have? - Correct Answer ️️ -Darryl must disclose that the property lies in a critical area and is subject to limitations. South Carolina licensee Joseph tells his client that a property is zoned as residential, even though he knows it's zoned as commercial. This violation is an example of ______. - Correct Answer ️️ -Making a sub...
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