SC Real Estate PSI Exam Review Questions With Answers

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SC Real Estate PSI Exam Review Questions With Answers

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58 pages

2025/2026

Institution SC Real Estate

Course SC Real Estate

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SC Real Estate PSI Exam Review Questions With Answers

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SC /

Real
/ /

Estate
/ /

PSI
/ /

Exam
/ /

Review
/ /

Questions With Answers
/ // // //

Agent /

AKA
/ /

Proxy -
/ // /

CORRECT ANSWERS(S)✔✔One engaged to respresent and
/ // // // // //

be under the control of a principal
// // // // // // //

Principal /

AKA
/ /

Client -
/ // /

CORRECT
/ /

ANSWERS(S)✔✔One
/ /

who
/ /

contracts
/ /

with
/ /

another
/ /

,/ for /

/ represenation, /

/ advise /

/ and cousel in legal or business dealings with third parties.
// // // // // // // // //

Third /

Party
/ /

AKA
/ /

customer -
/ // /

CORRECT
/ /

ANSWERS(S)✔✔The
/ /

person(s)
/ /

the
/ /

agent
/ /

is trying to do busines with while representing the client
/ // // // // // // // // //

Common /

Law - CORRECT ANSWERS(S)✔✔Created by judges
/ // // // // //

Statues - // /

CORRECT ANSWERS(S)✔✔written State or Federal laws
/ // // // // //

Types /

of
/ /

agents -
/ // /

CORRECT
/ /

ANSWERS(S)✔✔Universal ,
/ // /

,/ Special, /

/ General, Subagent, Dual Agent and Designated agent // // // // // //

Designated /

Agent -
/ // /

CORRECT
/ /

ANSWERS(S)✔✔BIC
/ /

designates
/ //

a /

licensee
/ /

to
/ /

seller
/ /

and
/ /

another
/ /

licensee
/ /

to the buyer - BIC can never designate themselves
/ // // // // // // // //

Universal /

Agent -
/ // /

CORRECT
/ /

ANSWERS(S)✔✔Can
/ /

do
/ /

ALL
/ /

the
/ /

acts a principal can do; created by a power of attorney
/ // // // // // // // // // //

Special /

Agent -
/ // /

, / CORRECT /

/ ANSWERS(S)✔✔Hired /

/ by principal for a specific service - limited authority - does
// // // // // // // // // //

// NOT have continuous service
// // //

General /

Agent -
/ // /

CORRECT
/ /

ANSWERS(S)✔✔Hired
/ /

for
/ /

continuous
/ /

service
/ /

and has broad authority. (Usually a PM but if they are only
/ // // // // // // // // // // //

to
// /

find
/ //

a /

tenant
/ /

and get a leased sign then they are a Special Agent).
/ // // // // // // // // // //

Dual /

Agent -
/ // /

CORRECT
/ /

ANSWERS(S)✔✔Real
/ /

estate
/ /

firm
/ /

representing
/ /

the
/ /

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Uploaded on: February 2, 2026
Number of pages: 58
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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