SOUTH CAROLINA REAL ESTATE PRE-
LICENSE UNIT 1: CUMULATIVE PRACTICE
QUESTIONS AND CORRECT ANSWERS 2026
COMPLETE UNIT 1 REVIEW STUDY GUIDE
SC SALESPERSON LICENSING EXAM PREP
GRADE A+ STUDY RESOURCE
fixture - CORRECT ANSWER -an object that was once personal property but
is now firmly attached to the land in such a way that it is considered to be
real property
abstract of title - CORRECT ANSWER -an abbreviated history of a property,
including information on any transfers, grants, wills, conveyances, liens,
and encumbrances
acceleration clause - CORRECT ANSWER -a clause in a security instrument
(mortgage/deed of trust) which makes the entire loan amount due
immediately upon default
accession - CORRECT ANSWER -the right to all that one's own property
produces, including that which is added, either naturally or by human
action, to the property already owned
accretion - CORRECT ANSWER -the process that results in the gradual
increase in land area through deposits of soil by natural forces
,acre - CORRECT ANSWER -a measurement of land equal to 43,560 square
feet
actual eviction - CORRECT ANSWER -the legal process by which someone is
expelled from a property and prevented from re-entry
ad valorem taxes - CORRECT ANSWER -a tax calculated according to the
assessed value of a piece of real estate
adjustable-rate mortgage (ARM) - CORRECT ANSWER -a mortgage with an
interest rate that can be adjusted based on fluctuations in the cost of money
adverse possession - CORRECT ANSWER -involuntary transfer of title from
an owner who does not use or inspect their land for a number of years to
another person who has some claim to the land and takes possession
affirmative easement - CORRECT ANSWER -an easement that gives someone
the right to use an easement for a specific purpose
agency agreement - CORRECT ANSWER -a mutually binding understanding
between two parties that authorizes one party (the agent) to act on the
other party's (the client's) behalf to accomplish a specific goal
agent - CORRECT ANSWER -an individual with authority to act on behalf of
another; a state license is required to operate as an agent in real estate
,air rights - CORRECT ANSWER -the right to use the airspace above the
surface of land
air space - CORRECT ANSWER -the area above ground that is owned along
with a property; could include space above a piece of land, or the space
owned inside a condominium unit
alienation - CORRECT ANSWER -the transfer of ownership (title) to real
property; alienation may be voluntary or involuntary
Americans with Disabilities Act - CORRECT ANSWER -a federal civil rights
law passed in 1990 which prohibits discrimination against and create
standards for people with disabilities
amortization - CORRECT ANSWER -the process of paying off a
debt/mortgage in regular installments based on a fixed payment schedule
Annual Percentage Rate (APR) - CORRECT ANSWER -how much the
borrower will pay in interest over the course of a year
antitrust laws - CORRECT ANSWER -laws designed at preventing unfair or
anti-competitive practices such as price fixing, collusion, monopolies, etc.
appraisal - CORRECT ANSWER -an official valuation given to a property by a
licensed appraiser
, appraiser - CORRECT ANSWER -an individual who is trained and licensed to
perform appraisals, which estimate the value of real property
appreciation - CORRECT ANSWER -the increase in value of a property
appurtenances - CORRECT ANSWER -rights that run with real property
ownership; most often transferred with the property, but possible to sell
separately
arrears - CORRECT ANSWER -payment that occurs at the end of a period to
compensate for charges accrued during that time
asbestos - CORRECT ANSWER -a naturally occurring mineral fiber that is
commonly used in insulation but if airborne or inhaled, can cause severe
respiratory health issues
assemblage - CORRECT ANSWER -the combining of multiple contiguous
pieces of real property into a single tract of land, often resulting in an
increase in value
assessed value - CORRECT ANSWER -the value placed on a property by a
governmental unit for use in calculating property taxes
assessment - CORRECT ANSWER -the determination of the value of a
property for tax purposes
LICENSE UNIT 1: CUMULATIVE PRACTICE
QUESTIONS AND CORRECT ANSWERS 2026
COMPLETE UNIT 1 REVIEW STUDY GUIDE
SC SALESPERSON LICENSING EXAM PREP
GRADE A+ STUDY RESOURCE
fixture - CORRECT ANSWER -an object that was once personal property but
is now firmly attached to the land in such a way that it is considered to be
real property
abstract of title - CORRECT ANSWER -an abbreviated history of a property,
including information on any transfers, grants, wills, conveyances, liens,
and encumbrances
acceleration clause - CORRECT ANSWER -a clause in a security instrument
(mortgage/deed of trust) which makes the entire loan amount due
immediately upon default
accession - CORRECT ANSWER -the right to all that one's own property
produces, including that which is added, either naturally or by human
action, to the property already owned
accretion - CORRECT ANSWER -the process that results in the gradual
increase in land area through deposits of soil by natural forces
,acre - CORRECT ANSWER -a measurement of land equal to 43,560 square
feet
actual eviction - CORRECT ANSWER -the legal process by which someone is
expelled from a property and prevented from re-entry
ad valorem taxes - CORRECT ANSWER -a tax calculated according to the
assessed value of a piece of real estate
adjustable-rate mortgage (ARM) - CORRECT ANSWER -a mortgage with an
interest rate that can be adjusted based on fluctuations in the cost of money
adverse possession - CORRECT ANSWER -involuntary transfer of title from
an owner who does not use or inspect their land for a number of years to
another person who has some claim to the land and takes possession
affirmative easement - CORRECT ANSWER -an easement that gives someone
the right to use an easement for a specific purpose
agency agreement - CORRECT ANSWER -a mutually binding understanding
between two parties that authorizes one party (the agent) to act on the
other party's (the client's) behalf to accomplish a specific goal
agent - CORRECT ANSWER -an individual with authority to act on behalf of
another; a state license is required to operate as an agent in real estate
,air rights - CORRECT ANSWER -the right to use the airspace above the
surface of land
air space - CORRECT ANSWER -the area above ground that is owned along
with a property; could include space above a piece of land, or the space
owned inside a condominium unit
alienation - CORRECT ANSWER -the transfer of ownership (title) to real
property; alienation may be voluntary or involuntary
Americans with Disabilities Act - CORRECT ANSWER -a federal civil rights
law passed in 1990 which prohibits discrimination against and create
standards for people with disabilities
amortization - CORRECT ANSWER -the process of paying off a
debt/mortgage in regular installments based on a fixed payment schedule
Annual Percentage Rate (APR) - CORRECT ANSWER -how much the
borrower will pay in interest over the course of a year
antitrust laws - CORRECT ANSWER -laws designed at preventing unfair or
anti-competitive practices such as price fixing, collusion, monopolies, etc.
appraisal - CORRECT ANSWER -an official valuation given to a property by a
licensed appraiser
, appraiser - CORRECT ANSWER -an individual who is trained and licensed to
perform appraisals, which estimate the value of real property
appreciation - CORRECT ANSWER -the increase in value of a property
appurtenances - CORRECT ANSWER -rights that run with real property
ownership; most often transferred with the property, but possible to sell
separately
arrears - CORRECT ANSWER -payment that occurs at the end of a period to
compensate for charges accrued during that time
asbestos - CORRECT ANSWER -a naturally occurring mineral fiber that is
commonly used in insulation but if airborne or inhaled, can cause severe
respiratory health issues
assemblage - CORRECT ANSWER -the combining of multiple contiguous
pieces of real property into a single tract of land, often resulting in an
increase in value
assessed value - CORRECT ANSWER -the value placed on a property by a
governmental unit for use in calculating property taxes
assessment - CORRECT ANSWER -the determination of the value of a
property for tax purposes
