SC Real Estate - State Portion Prep
Questions and Answers 100% Pass
In South Carolina, the law has set and assessment rate if:
What is the rate for residential owner occupied property? ✔✔4%
A Person Who is over 65 ye
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SC Real Estate - State Portion Prep
Questions and Answers 100% Pass
In South Carolina, the law has set and assessment rate if:
What is the rate for residential owner occupied property? ✔✔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? ✔✔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? ✔✔$600 (
3000 x .200 = $600)
A requirement for non- residents to be eligible to receive a South Carolina License is that they:
✔✔Must be employed by a broker-in-charge licensed in SC
When must a Licensee take the post license sales course? ✔✔Before receiving a salesman
license ( 60 hour unit 1 course and 30 hour Unit 2)
An Unlicensed salesman negotiated the sale of real estate. The commission is payable to: ✔✔No
One- any person must be licensed to negotiate a sale of real estate for compensation
Before taking the South Carolina real estate sales examination, every applicant shall furnish
evidence satisfactory to the Real Estate Commission of successful completion of sixty class
room hours. ✔✔Requirements to be licensed
When should a buyers earnest money personal check be deposited in the broker trust account?
✔✔Within 48 hours of acceptance of an offer to purchase
The purpose of the real estate license law is to : ✔✔Protect the public when involved in real
estate transactions
Real Estate license law is an example of ✔✔Police Power - Protects citizens with the
requirement of licensing
A builder who desires to employ a sales person to sell houses for him on a commission basis
must ✔✔Obtain a Broker-in-Charge License
In order for a broker to open his own company in South Carolina, he must: ✔✔Have a physical
location in South Carolina
The authorities and the responsibilities of the LLR Real Estate Commission fall under:
✔✔Police Power
What is not *, among the powers of the South Carolina Real Estate Commission ✔✔Ability to
arbitrate commission disputes between licensees
There are _____ members in the Real Estate Commission, each with a term of _____ years ✔✔9
Member / 4 year term limits
Before any timeshare units can be marketed and sold, all plan regarding the time share projects
must be approved by: ✔✔The South Carolina Real Estate Commission
Upon revocation or suspension order by the South Carolina Real Estate Commission, the broker :
✔✔May appeal the decision to an administrative law judge
The requirement for a non-resident to be eligible to receive a South Carolina license is that
he/she ✔✔Be licensed with a broker-in-charge who has a South Carolina license
When a dispute arises between a buyer and a seller concerning the disposition of the earnest
money, the broker must: ✔✔hold it in his trust account until such time as it's disposition is
determined
Before a dock can be built on the coast of South Carolina, the owner must obtain a permit from
which organization? ✔✔The office of Ocean and Coastal Resource Management(DHEC)
In South Carolina, an aggrieved party could report evidence of racial discrimination concerning
fair housing to: ✔✔US Attorney, HUD, The South Carolina Human Affairs Commission
The purpose of continuing education is to: ✔✔Protect the public
In order to be licensed as a broker in South Carolina, a salesman should have served under the
instruction and guidance of a licensed real estate broker-in-charge for____ years and obtained
________ hours of education ✔✔3 years and 150 hours of education
How many days constitute abandonment in South Carolina? ✔✔15 days unexplained absence
with non-payment of Rent
If a salesperson receives an earnest money check, what must he/she do with it? ✔✔Give it to the
broker in charge after the contract has been ratified
Regulatory authority over the South Carolina Coastal Zone Management Acts has been given to:
✔✔DHEC-OCRM
South Carolina Department of Health and Environmental Control - Office of Ocean and Coastal
Resource Management
What is meant by term " Adopt -a beach" ✔✔A private civis organization or industry may adopt
up to one miles of beach for the purpose of keeping it fee of litter - (Similar to the Adopt a
highway program.)
There are two points of reference in regard to construction along South Carolina beaches. The
primary reference that must be established firs is the ✔✔Baseline
The location of the baseline in the standard erosion zone is based on the location of the:
A) the sand dunes at high tide
B) both the seward lot corners and sand dunes
C) the setback lines and erosion rates for 40 years
D) the crest of the primary oceanfront sand dune ✔✔D - The crest of the primary oceanfront
sand dune
Which of the following is true regarding the SC Coastal Zone Management Act
A) The setback line is landward of the baseline and no structure may be built landward of the
setback line
B) Construction of wooden walkway no wider than 7 feet is allowed seaward of the baseline
without a permit
C) Construction of new habitable structures will not be allowed seaward of the baseline
D) Construction of new erosion control devices will not be allowed seaward of the baseline
✔✔D - The regulations are extremely tough on new erosion control devices. They supposedly
cause more erosion than they prevent
The Coastal Tidelands and wetlands act allows: ✔✔Civic clubs to adopt a mile of beachfront
Real Estate Sales Contracts for beachfront property located seaward of the setback line must
contain a disclosure. the disclose must give which information ? ✔✔A Disclosure of what is
required by the location of the baseline
In South Carolina, real estate license law is administered by the ✔✔South Carolina Real Estate
Commissions
The South Carolina Real Estate Commission has the authority to : ✔✔Make and enforce rules by
which all real estate licenses must abide.
The South Carolina Real Estate Commission may investigate a licensee for : its own Initiative,
written complaint submitted by a disgruntled customer or if the director has reason to believe
that a licensee is unfit to practice.
When does the commission not get involved ? ✔✔When there is a complaint filed over the
disputer of commission between two companies.
In South Carolina, which of the following needs to be a licensed real estate broker
A) Person who employs fewer than three agents
B) Licensed attorney acting under a power of attorney to convey real estate
C) Owner of a duplex
D) Partnership selling a building owned by the partners ✔✔A) Anyone opening an office and
hiring even just one agent must be licensed
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