SOUTH CAROLINA REAL ESTATE SCHOOL
FOR SUCCESS JP STUDY GUIDE 2026
COMPREHENSIVE PRACTICE QUESTIONS
AND CORRECT ANSWERS WITH DETAILED
RATIONALES SC REAL ESTATE LICENSING
EXAM PREPARATION AGENCY,
CONTRACTS, PROPERTY OWNERSHIP,
FINANCE AND STATE LAW REVIEW
Single Agency - CORRECT ANSWER -When an agent represents only one
client in the same real estate transaction. (The buyer or seller)
Dual Agency - CORRECT ANSWER -Whe Intent - CORRECT ANSWER -One of
four tests for fixtures.
The primary test considered by courts. Contact law states that fixtures
in/on the property at the time the contact is ratified, and in the absence of
an agreement between the parties, the fixture must remain with the
property.
Trade Fixture - CORRECT ANSWER -• A piece of equipment, or personal
property, on or attached to the real estate by the tenant which is used for
trade or business.
• Differ from other fixtures because they may be removed from the real
estate (even if attached) at the end of tenancy of the business.
,• The business tenant must compensate the owner for any damages due to
removal of trade fixtures or repair such damage.
• If the fixture is not removed prior to the expiration date of the lease, it will
become real property and belong to the landlord.
Real Property Rights - CORRECT ANSWER -Mining, electricity distribution,
sewer system disposal and air travel have all conspired to erode the
principal of property rights.
Agreement - CORRECT ANSWER -• Best of the four tests of fixture
• Parties to the transaction can agree in the contact of sale as to whether the
fixture stays or goes.
Annexation - CORRECT ANSWER -• One of the four tests of fixture.
• An addition to property by the act of joining or uniting one thing to
another.
• Attaching personal property to real property.
• Ex: sink joined by pipes or a fence around property.
Real Property - CORRECT ANSWER -• Land and all things attached to it.
Real property is considered fixed, Immovable, and indestructible.
• Can become personal property by severance.
Real Estate (Realty) - CORRECT ANSWER -A piece of land, including the air
above it and the ground below it, and any buildings or structures on it.
, Land - CORRECT ANSWER -• The material of the earth that begins at the
surface and includes free or occupied space for an indefinite distance
upward into the airspace as well as subsurface downward to the center of
the earth.
•Land is not considered Scarce.
Personal Property
(Personalty) - CORRECT ANSWER -• Anything that can be owned that is not
real property such as cars, bank accounts, wages, securities, a small
business, furniture, insurance policies, ect.
• may also be called personal effects, movable property, goods, chattel,
emblements (annual crops), and Personalty.
Improvements - CORRECT ANSWER -Man-made additions to land including
buildings, fences, paving, pipelines, bridges, and landscaping.
Appurtenances - CORRECT ANSWER -• Rights, privileges, or improvements
permanently attached to the land.
• Rights would include giving one the right of way, or easement, to use one's
property.
Fixtures - CORRECT ANSWER -• Articles which were once a personal
property or chattel, but which has now become a part of the real estate
because the article is permanently attached to the soil or to something
attached to the soil.
• Ex: Ceiling Lights, awnings, window shades, and doorknobs
• Are automatically included in the sale, unless specifically mentioned in
the contact as going to the seller.
FOR SUCCESS JP STUDY GUIDE 2026
COMPREHENSIVE PRACTICE QUESTIONS
AND CORRECT ANSWERS WITH DETAILED
RATIONALES SC REAL ESTATE LICENSING
EXAM PREPARATION AGENCY,
CONTRACTS, PROPERTY OWNERSHIP,
FINANCE AND STATE LAW REVIEW
Single Agency - CORRECT ANSWER -When an agent represents only one
client in the same real estate transaction. (The buyer or seller)
Dual Agency - CORRECT ANSWER -Whe Intent - CORRECT ANSWER -One of
four tests for fixtures.
The primary test considered by courts. Contact law states that fixtures
in/on the property at the time the contact is ratified, and in the absence of
an agreement between the parties, the fixture must remain with the
property.
Trade Fixture - CORRECT ANSWER -• A piece of equipment, or personal
property, on or attached to the real estate by the tenant which is used for
trade or business.
• Differ from other fixtures because they may be removed from the real
estate (even if attached) at the end of tenancy of the business.
,• The business tenant must compensate the owner for any damages due to
removal of trade fixtures or repair such damage.
• If the fixture is not removed prior to the expiration date of the lease, it will
become real property and belong to the landlord.
Real Property Rights - CORRECT ANSWER -Mining, electricity distribution,
sewer system disposal and air travel have all conspired to erode the
principal of property rights.
Agreement - CORRECT ANSWER -• Best of the four tests of fixture
• Parties to the transaction can agree in the contact of sale as to whether the
fixture stays or goes.
Annexation - CORRECT ANSWER -• One of the four tests of fixture.
• An addition to property by the act of joining or uniting one thing to
another.
• Attaching personal property to real property.
• Ex: sink joined by pipes or a fence around property.
Real Property - CORRECT ANSWER -• Land and all things attached to it.
Real property is considered fixed, Immovable, and indestructible.
• Can become personal property by severance.
Real Estate (Realty) - CORRECT ANSWER -A piece of land, including the air
above it and the ground below it, and any buildings or structures on it.
, Land - CORRECT ANSWER -• The material of the earth that begins at the
surface and includes free or occupied space for an indefinite distance
upward into the airspace as well as subsurface downward to the center of
the earth.
•Land is not considered Scarce.
Personal Property
(Personalty) - CORRECT ANSWER -• Anything that can be owned that is not
real property such as cars, bank accounts, wages, securities, a small
business, furniture, insurance policies, ect.
• may also be called personal effects, movable property, goods, chattel,
emblements (annual crops), and Personalty.
Improvements - CORRECT ANSWER -Man-made additions to land including
buildings, fences, paving, pipelines, bridges, and landscaping.
Appurtenances - CORRECT ANSWER -• Rights, privileges, or improvements
permanently attached to the land.
• Rights would include giving one the right of way, or easement, to use one's
property.
Fixtures - CORRECT ANSWER -• Articles which were once a personal
property or chattel, but which has now become a part of the real estate
because the article is permanently attached to the soil or to something
attached to the soil.
• Ex: Ceiling Lights, awnings, window shades, and doorknobs
• Are automatically included in the sale, unless specifically mentioned in
the contact as going to the seller.
