3046485
Frage 1
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Disputed trust funds can be disbursed in the following way
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verbal agreement between the parties
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broker interprets contract and writes check
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written agreement between the parties
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following buyer client's instructions as to disbursement
Frage 2
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Security deposits received in the agent's personal rental transaction are not required to be deposited in a trust account.
Antworten
- True
- False
Frage 3
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No cause of action may arise against a licensee for failure to disclose
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material facts that should have been known by the agent
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the location of any registered sex offender
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any offsite condition that materially impacts the property being transferred
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the fact that the road is set to be widened to four lanes in the next year
Frage 4
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A licensee can be disciplined for
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telling his/her client about stigmatizations
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disclosing stigmatizations in response to a direct inquiry
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disclosing material facts that appeared in an inspection report
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making an intentional misrepresentation in response to a direct inquiry
Frage 5
Frage
The services you must give to a customer do not include
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confidentiality
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accounting for money and property received
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providing a meaningful explanation of agency relationships
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providing an explanation of the scope of services to be provided
Frage 6
Frage
A licensee who receives compensation in a real estate transaction from more than one party can be disciplined unless the fee is accepted with the full knowledge and written consent of all parties.
Antworten
- True
- False
Frage 7
Frage
In South Carolina, real estate license law is administered by the
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South Carolina Human Affairs Commission
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South Carolina Real Estate Commission
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South Carolina Association of Realtors
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Department of Housing and Urban Development
Frage 8
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All of the following are protected classes under the Fair Housing Laws EXCEPT
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race
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handicap
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value
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national origin
Frage 9
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The duties and powers of the SC Real Estate Commission include all of the following EXCEPT
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promulgating regulations to protect the public
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conducting disciplinary hearings
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determining the standards for licensure
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conducting investigations of a real estate office based on an irate phone call
Frage 10
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The SC Real Estate Commission may investigate for all of the following reasons EXCEPT
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its own initiative
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a written complaint submitted by an agent about a cooperative commission arrangement
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the director has reason to believe that a licensee is unfit to practice
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a written complaint submitted by a disgruntled customer
Frage 11
Frage
The SC Real Estate Commission has the authority to
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make and enforce the rules by which all licensees must abide
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compose the examination questions on the state exam
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administer the exams given at the testing sites
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enact the laws that govern real estate licensees
Frage 12
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A broker is convicted on May 1st of possession and distribution of a controlled substance. Both the crime and the conviction took place out of state. On June 15, the broker calls the SC Real Estate Commission and leaves a message informing them of the conviction. Based on these facts, which of the following is TRUE?
Antworten
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the broker has properly informed the SC Real Estate Commission within 60 days after the conviction, and the broker's license may be renewed.
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both the conviction and the broker's failure to notify the SC Real Estate Commission with 10 days violate the Commission regulations
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because the conviction did not occur in state, it is not evidence of unworthy conduct
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the conviction is evidence of both improper dealing and fraud
Frage 13
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An agent's license renewal fee has been returned for insufficient funds. The SC Real Estate Commission
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may take disciplinary action against the licensee
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must allow the licensee a grace period of 30 days to pay the fee
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may require the BIC to pay the renewal fee
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must cancel the license immediately
Frage 14
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A licensee may have a license revoked by the SC Real Estate Commission if the licensee
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has been arrested for drugs
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fails to mention a murder on a property to a potential buyer
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pays a clerk to type up contracts
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fails to inform the tenant that the security deposit will be held by the owner of the property, not the management company
Frage 15
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The SC Fair Housing Law provides protection from discrimination for all of the following classes EXCEPT
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sex
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creed
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national origin
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age
Frage 16
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A housing discrimination charge must be filed with the SC Human Affairs Commission within
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6 months
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1 year
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2 years
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30 days
Frage 17
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All of the following may be grounds for disciplinary action by the SC Real Estate Commission EXCEPT
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inducing a party to break a contract
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interfering with the agency relationship of another agent and client
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conviction of violating state fair housing laws
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failure to disclose the death of a seller due to cancer
Frage 18
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Which of the following activities does NOT require a real estate or property management license in SC?
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approving applications of leases
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negotiating fees
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conducting an open house
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being paid a salary to manage an agent's marketing campaign
Frage 19
Frage
In SC, applications for any real estate license must
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be completed before taking the written exam
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contain a picture of the applicant
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be made before May 31st of each year
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be accompanied by a sworn statement attesting to the applicant's character
Frage 20
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A licensee on inactive status may
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receive compensation for referrals
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work as a part-time assistant showing houses
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not conduct real estate activities
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work as a leasing agent at a property management company
Frage 21
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Which of the following is correct regarding an applicant for broker-in-charge?
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must be at least 25 years of age
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must have been licensed as a salesperson for at least five years as a salesperson
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may be exempt by the SC Real Estate Commission from the education requirements
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may substitute the property manager-in-charge license for the broker-in-charge license
Frage 22
Frage
A real estate licensee who wishes to also become a property manager
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may also apply for a property manager's license
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must first acquire a broker's license
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must attend a 30 hour property management course
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may manage property with a real estate license
Frage 23
Frage
When a licensed broker-in-charge changes his or her place of business,
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a new license will be issued by the SC Real Estate Commission immediately
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the broker-in-charge must notify the SC Real Estate Commission within 10 days
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a new license will be issued for a full term
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the broker-in-charge's new address must be approved by the SC Real Estate Commission
Frage 24
Frage
In SC, licenses are renewed
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annually, in the month issued
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every two years in the month of the licensee's birthday
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on December 30th of each even-numbered year
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biennially, on June 30th of each even-numbered year
Frage 25
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A broker-in-charge intends to open a branch office in a neighboring town. The Broker-in-charge applies for a branch office license, giving a name that clearly identifies its relationship with his main office. The BIC names a licensed real estate salesperson as the branch office manager. Under these facts, could the BIC receive approval for the branch office?
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Yes, the BIC has fully complied with the requirements
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No, under the license, brokers cannot be in charge of branch offices in more than one municipality
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Yes, by naming the salesperson as the branch's manager, the BIC is in compliance with the requirement that a broker may be in direct operational control of only one office or branch.
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Yes, if the SC Real Estate Commission approves one broker acting as BIC of two offices
Frage 26
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In SC, an unlicensed real estate assistant may perform all of the following activities EXCEPT
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compute commission checks
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answer questions about advertising
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hold an open house
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prepare and distribute flyers and promotional materials
Frage 27
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The office manager for a local real estate firm is responsible for the following activities: coordinating the flow of paperwork through the office, preparing forms and advertising copy, and hiring and supervising clerical personnel. The office manager is
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violating the license law
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required to have a brokers license
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required to have a salesperson's license
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exempt from real estate licensing requirements
Frage 28
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In SC, the following are requirements for obtaining a broker's license EXCEPT
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having successfully completed 150 hours of approved real estate courses
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being at least 21 years of age
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having been actively engaged as a licensed salesperson for at least 5 years
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being of good moral character
Frage 29
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Regarding licensing and duties of personal real estate assistants in SC, they
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must be licensed
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may insert factual information into form contracts under the employing broker's supervision and approval
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may show houses for their supervising broker
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must be unlicensed individuals, licensees must either be salespeople or associate brokers
Frage 30
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In SC, which of the following would need to be a licensed real estate BIC?
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person who employs fewer than 3 agents
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Son acting under a power of attorney to convey real estate
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Owner of a duplex
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Partnership selling a building owned by the partners
Frage 31
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A real estate license is required for all of the following EXCEPT
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managing real estate
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reselling a personal mobile home
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selling real estate
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collecting rent for the use of real estate
Frage 32
Frage
A person must be licensed as a real estate broker or salesperson if that person is
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selling his or her house
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buying a house for his or her personal use
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engaging in the real estate business
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constructing houses
Frage 33
Frage
An applicant for a real estate license in SC must
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have completed at least 2 years of college
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be at least 21 years old
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submit to a credit check
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show proof of passing the license exam any time up to 6 months prior to the application
Frage 34
Frage
Under SC law, which of the following needs to be licensed?
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the owner of a 30 unit apartment building
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an employee of the State Housing Authority
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a man who has been appointed the trustee of an estate
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an auctioneer who auctions farm land
Frage 35
Frage
A BIC fails to renew her license by June 30th but continues to engage in real estate transactions. What penalties could be incurred?
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none, because the license remains active if the renewal and penalties are all paid within six months
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an automatic hearing with the commission after 90 days with a possible $1,000 fine and/or six months' imprisonment
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$500 fine and/or six months imprisonment upon conviction
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none, if the BIC can prove that non-renewal was not of malicious intent
Frage 36
Frage
A licensee who wishes to manage condominiums
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must have a broker's license
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does not need a property management license
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can have a provisional real estate sales license
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can have a time share license
Frage 37
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A SC real estate salesperson may lawfully collect compensation from
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either a buyer or a seller
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his or her employing broker only
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any party to the transaction or the party's representative
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a licensed real estate broker only
Frage 38
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If a licensee violates a provision of the license law, the licensee may be subject to which of the following?
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revocation of license for a minimum of six months
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minimum fine of $500
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hearing in front of an administrative law judge
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temporary restraining order
Frage 39
Frage
A licensee from another state applying for a license in South Carolina must file with the SC Real Estate Commission a
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certificate of specific performance
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irrevocable consent to suit
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corpus delicti
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copy of their birth certificate
Frage 40
Frage
All potential tenants must be provided and EPA Booklet and required to sign a lead based paint disclosure form for all rental properties built prior to
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2000
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1980
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1978
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1972
Frage 41
Frage
The Federal Anti-trust law which prohibits property managers from conspiring to set a commission or fee is called the
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Sherman and Clayton Acts
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Equal Credit Opportunity Acts
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Real Estate Settlement and Procedures Act
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Fair Housing Act
Frage 42
Frage
The enforcement agency over Megan's Law is
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SLED
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FBI
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Attorney Generals Office
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Local Sheriffs Dept
Frage 43
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The Johns v. Mayer upheld the Civil Rights Act of 1866 by prohibiting
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some racial discrimination
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all racial discrimination
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sexual discrimination
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discriminatory advertising
Frage 44
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If a person feels that he/she has been discriminated against by a property manager, a complaint may be filed with
Antworten
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the U.S. Supreme Court
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a local magistrate
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the Real Estate Commission
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the Dept of housing and Urban Development
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