SC State REAL ESTATE Exam Questions and Answers 100% Pass

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SC State REAL ESTATE Exam Questions and Answers 100% Pass Which of the following scenarios best describes a net listing in South Carolina? -Carmel is selling her condo for $280,000 and is offering ... 6% commission to the listing broker. -Jason is listing his duplex for $400,000, but reserves the right to find his own buyer and not have to pay a listing commission. -Maeve wants to get at least $350,000 when she sells her property and tells her listing agent, Stan, that he can keep anything above that amount. -Ralph is selling his townhome for $225,000 and paying a brokerage fee of $25,000. ✔✔Maeve wants to get at least $350,000 when she sells her property and tells her listing agent, Stan, that he can keep anything above that amount. **A net listing commission involves commission of an indeterminate amount and depends on the sales price. Net listings are illegal in several states. Which phrase from the following description should be edited to meet fair housing guidelines? "Nestled away in a neighborhood of gracious pre-war mansions, many now converted to offices, Bertrice Place, built in 2004, emulates its predecessors in scale, and to some extent in visual expression. The peaked roofline has a Tudor effect, capped by our ancestors' signature copper roofing. The handsome interiors are ample, not over-sized, with 10-foot ceilings and high-quality features and finishes." -"Emulates its predecessors in scale" -"Interiors are ample, not oversized" -"Our ancestors' signature copper roofing" -"Pre-war mansions" ✔✔"Our ancestors' signature copper roofing" **Whose ancestors? Implying that the ancestry of the builders is the same as the ancestry of desired buyers is a subtle but clear message of preference. You could say, "Capped by the copper roofing often used in pre-war buildings." Which of the following is a requirement of a broker-in-charge in South Carolina? -Must be at least 25 years old -Must complete at least 180 hours of pre-licensing education -Must have an ownership interest in the brokerage and [Show More]

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