# Real Estate Missed Questions Practice Exam

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Records related to a real estate transaction in South Carolina must be kept, and available upon commission request, for at least ______ years.
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Georgina has been an active salesperson for the last three years.

*Broker license applicants must have at least three years of experience engaged as an active salesperson within the last five years. These applicants must also complete 60 hours of additional education and pass an examination before applying.
A prepayment penalty isn't permitted on Erin's loan because the loan is for $150,000 or less. *Prepayment penalties aren't permitted on loans of$150,000 or less. For other loans, a prepayment penalty may be charged if the loan's APR isn't more than 2% above the conventional mortgage rate and the penalty isn't more than 2% of the amount prepaid.
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 is Tudor in effect, capped by our ancestors' signature copper roofing. The handsome interiors are ample, not oversized, with 10-foot ceilings and high-quality features and finishes."