South Carolina
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q&S
© 2024/2025
,1. When considering land use controls and regulations, which of
the following is an example of police power?
A) Eminent domain
B) Escheat
C) Zoning ordinances
D) Deed restrictions
Correct Answer: C) Zoning ordinances
2. In South Carolina, which duty is not required of a fiduciary
agent?
A) Obedience
B) Accounting
C) Disclosure
D) Providing legal advice
Correct Answer: D) Providing legal advice
3. Which method of property valuation is primarily based on the
principle of substitution?
A) Cost approach
B) Income approach
© 2024/2025
, C) Sales comparison approach
D) Capitalization approach
Correct Answer: C) Sales comparison approach
4. What type of financing might involve a 'due on sale' clause?
A) FHA loan
B) Adjustable-rate mortgage
C) Wraparound mortgage
D) Purchase money mortgage
Correct Answer: C) Wraparound mortgage
5. In a real estate transaction in South Carolina, the transfer of
property is legally completed when:
A) The deed is signed by the seller.
B) The deed is delivered to and accepted by the buyer.
C) The buyer moves into the property.
D) The seller receives payment in full.
Correct Answer: B) The deed is delivered to and accepted by
the buyer.
© 2024/2025
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q&S
© 2024/2025
,1. When considering land use controls and regulations, which of
the following is an example of police power?
A) Eminent domain
B) Escheat
C) Zoning ordinances
D) Deed restrictions
Correct Answer: C) Zoning ordinances
2. In South Carolina, which duty is not required of a fiduciary
agent?
A) Obedience
B) Accounting
C) Disclosure
D) Providing legal advice
Correct Answer: D) Providing legal advice
3. Which method of property valuation is primarily based on the
principle of substitution?
A) Cost approach
B) Income approach
© 2024/2025
, C) Sales comparison approach
D) Capitalization approach
Correct Answer: C) Sales comparison approach
4. What type of financing might involve a 'due on sale' clause?
A) FHA loan
B) Adjustable-rate mortgage
C) Wraparound mortgage
D) Purchase money mortgage
Correct Answer: C) Wraparound mortgage
5. In a real estate transaction in South Carolina, the transfer of
property is legally completed when:
A) The deed is signed by the seller.
B) The deed is delivered to and accepted by the buyer.
C) The buyer moves into the property.
D) The seller receives payment in full.
Correct Answer: B) The deed is delivered to and accepted by
the buyer.
© 2024/2025
