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my understanding is as follows..
1) 2-4 weeks depending on if you are in the USA or in a foregin country.
2) you'll get a print out the score duly signed in by the center manager and will read 'unofficial score card'. This is valid to apply to the schools. One of the ultra elite schools told me that they can actually wait for my official score 2/3 weeks after the appln. deadline - ie., will not reject my appln as incomplete without official scores.