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South Carolina Real Estate Broker Exam: Study Guide & Practice  /  Real Estate Prep

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South Carolina Real Estate Broker Exam: Study Guide & Practice Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Bob hires Charlene to be his financial broker. He asks her to invest $10,000 in a particular stock. Bob finds out that the stock isn't doing well, and that the company is about to declare bankruptcy. Charlene instead invests Bob's money in another, similar company. Bob is later surprised when he receives a stockholder letter from that company. Charlene has likely breached the duty of:

Question 2 2. What is an exclusive agency listing in real estate agreements?

Question 3 3. Who needs to reach an agreement on the purchase price at a short sale transaction?

Question 4 4. A _____ attests to a deed, while a _____ is involved in the acknowledgment of the deed.

Question 5 5. How would real property become personal property?

Question 6 6. Which measurements would include the closet and storage space?

Question 7 7. Before I build a log cabin on my land, I need to know:

Question 8 8. What can the owner of both the surface and mineral rights of a property do with them?

Question 9 9. Fair market value is based on which area?

Question 10 10. Tina has just signed a commercial lease for her new coffee shop. She's responsible for paying rent as well as her share of the property taxes and insurance on the building. What type of lease does Tina have?

Question 11 11. What is the definition of conventional lending?

Question 12 12. Which of the following factors helps determine the amount of the VA funding fee?

Question 13 13.

True or false?

1. All IOUs contain repayment terms, just like a promissory note.

2. IOUs are synonymous to promissory notes and loan contracts.

Question 14 14. A promissory note is _____.

Question 15 15. Which two pieces of information must lenders disclose to borrowers under the Truth in Lending Act?

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South Carolina Real Estate Broker Exam: Study Guide & Practice Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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