South Carolina-Real Estate Exam Practice
Questions with 100% verified Answers
Which statement best describes the people a broker-in-charge supervises?
A. All members of the firm, including associated licensees and unlicensed employees
B. Associated licensees and unlicensed employees who work fewer than 30 hours per week
C. Associated licensees, but not unlicensed employees
D. Unlicensed employees, but not associated licensees - ✔️✔️A. All members of the firm,
including associated licensees and unlicensed employees
A broker-in-charge is responsible for everyone in the office, which includes all associated
licensees and unlicensed employees.
Tito is a resident of South Carolina who's purchasing a property from the Jackson Corporation (a
non-resident). What percentage of the Jackson Corporation's gains from the sale will be
withheld?
A. 0%
B. 10%
C. 5%
D. 7% - ✔️✔️C. 5%
If the non-resident seller is a corporation, 5% must be withheld. If the seller is a non-resident
individual partnership, trust, or estate, 7% of the non-resident seller's recognized gain must be
withheld
Which of the following statements regarding electronic offers and counter-offers in South
Carolina is true?
,A. Any electronic signatures, initials, handwritten or typewritten modifications on offers and
counter-offers are considered valid and binding in South Carolina.
B. Electronic signatures, initial, and modifications are only permitted on real estate purchase
contracts in South Carolina. They may not be used for offers and counter-offers.
C.Electronic signatures, initials, and modifications on offers and counter-offers are neither valid
nor legally binding in South Carolina.
D. Only electronic initials and modifications on offers and counter-offers are considered valid
and binding in South Carolina. Electronic signatures are not acceptable. - ✔️✔️A. Any electronic
signatures, initials, handwritten or typewritten modifications on offers and counter-offers are
considered valid and binding in South Carolina.
Any electronic signatures, initials, handwritten or typewritten modifications, etc. on offers or
counter-offers are considered valid and binding in South Carolina.
Carlos wants a real estate broker to help him sell his lake house. He expects top-notch, full
services. How can he get this?
A. Sign a buyer representation agreement.
B. Sign a Disclosure of Real Estate Brokerage Relationships
C. Sign a listing agreement
D. Sign a transaction brokerage agreement - ✔️✔️C. Sign a listing agreement
To become a seller client, Carlos must sign the appropriate agency agreement with the broker.
Only a listing agreement establishes an agent seller client relationship.
In South Carolina, smoke detectors are required in residential dwellings with how many units?
A. Five or more units
B. One to five units
,C. One to four units
D. One to two units - ✔️✔️D. One to two units
South Carolina law requires smoke detectors to be installed in all one- and two-family
residential dwellings, including manufactured homes, regardless of whether the property is
owner- or tenant-occupied
Time share sales are regulated by _____.
A. City officials
B. The attorney general
C. The governor
D. The South Carolina Real Estate Commission - ✔️✔️D. The South Carolina Real Estate
Commission
The South Carolina real estate commission regulates both time-share sales and those licensed
to sell them.
When a South Carolina licensee is involved in a personal real estate transaction, which of the
following must she disclose to the other parties to the transaction?
A. Any complaints that have been filed against her with the South Carolina Real Estate
Commission
B. Her full name, home and cell phone numbers, and her broker's name, and home and cell
phone numbers
C. Her licensed status
D. How many years of experience she's had as a real estate licensee in South Carolina - ✔️✔️C.
Her licensed status
, All South Carolina real estate licensees must, by law, disclose their licensed status when they're
involved in a personal real estate transaction, including sales, rentals, exchanges, and auctions.
Which of the following scenarios constitutes illegal licensee compensation in South Carolina?
A. Carrie, a licensee, had her broker make her commission check out to "Shoe Gall, LLC", her
sole-proprietor company.
B. Miranda's seller client reimbursed Miranda for the special signage she paid for when
marketing his property.
C. Per the listing agreement, Charlotte's broker shared her listing commission with the buyer
agent broker.
D. Samantha's broker paid another broker a referral fee after he sent a local client Samantha's
way. - ✔️✔️B. Miranda's seller client reimbursed Miranda for the special signage she paid for
when sole-proprietor company.
Salesperson can't be paid or reimbursed directly by a consumer for real estate-related activities
or services. Licensees can only receive compensation through their own broker.
Daniel, a real estate licensee, has entered into a transaction brokerage agreement with Olivia, a
buyer. What is Olivia's relationship to Daniel?
A. Agent
B. Client
C. Consumer
D. Customer - ✔️✔️D. Customer
Transaction brokerage agreements establish a customer relationship. Daniel isn't Olivia's agent:
he's merely assisting her with the transaction.
Questions with 100% verified Answers
Which statement best describes the people a broker-in-charge supervises?
A. All members of the firm, including associated licensees and unlicensed employees
B. Associated licensees and unlicensed employees who work fewer than 30 hours per week
C. Associated licensees, but not unlicensed employees
D. Unlicensed employees, but not associated licensees - ✔️✔️A. All members of the firm,
including associated licensees and unlicensed employees
A broker-in-charge is responsible for everyone in the office, which includes all associated
licensees and unlicensed employees.
Tito is a resident of South Carolina who's purchasing a property from the Jackson Corporation (a
non-resident). What percentage of the Jackson Corporation's gains from the sale will be
withheld?
A. 0%
B. 10%
C. 5%
D. 7% - ✔️✔️C. 5%
If the non-resident seller is a corporation, 5% must be withheld. If the seller is a non-resident
individual partnership, trust, or estate, 7% of the non-resident seller's recognized gain must be
withheld
Which of the following statements regarding electronic offers and counter-offers in South
Carolina is true?
,A. Any electronic signatures, initials, handwritten or typewritten modifications on offers and
counter-offers are considered valid and binding in South Carolina.
B. Electronic signatures, initial, and modifications are only permitted on real estate purchase
contracts in South Carolina. They may not be used for offers and counter-offers.
C.Electronic signatures, initials, and modifications on offers and counter-offers are neither valid
nor legally binding in South Carolina.
D. Only electronic initials and modifications on offers and counter-offers are considered valid
and binding in South Carolina. Electronic signatures are not acceptable. - ✔️✔️A. Any electronic
signatures, initials, handwritten or typewritten modifications on offers and counter-offers are
considered valid and binding in South Carolina.
Any electronic signatures, initials, handwritten or typewritten modifications, etc. on offers or
counter-offers are considered valid and binding in South Carolina.
Carlos wants a real estate broker to help him sell his lake house. He expects top-notch, full
services. How can he get this?
A. Sign a buyer representation agreement.
B. Sign a Disclosure of Real Estate Brokerage Relationships
C. Sign a listing agreement
D. Sign a transaction brokerage agreement - ✔️✔️C. Sign a listing agreement
To become a seller client, Carlos must sign the appropriate agency agreement with the broker.
Only a listing agreement establishes an agent seller client relationship.
In South Carolina, smoke detectors are required in residential dwellings with how many units?
A. Five or more units
B. One to five units
,C. One to four units
D. One to two units - ✔️✔️D. One to two units
South Carolina law requires smoke detectors to be installed in all one- and two-family
residential dwellings, including manufactured homes, regardless of whether the property is
owner- or tenant-occupied
Time share sales are regulated by _____.
A. City officials
B. The attorney general
C. The governor
D. The South Carolina Real Estate Commission - ✔️✔️D. The South Carolina Real Estate
Commission
The South Carolina real estate commission regulates both time-share sales and those licensed
to sell them.
When a South Carolina licensee is involved in a personal real estate transaction, which of the
following must she disclose to the other parties to the transaction?
A. Any complaints that have been filed against her with the South Carolina Real Estate
Commission
B. Her full name, home and cell phone numbers, and her broker's name, and home and cell
phone numbers
C. Her licensed status
D. How many years of experience she's had as a real estate licensee in South Carolina - ✔️✔️C.
Her licensed status
, All South Carolina real estate licensees must, by law, disclose their licensed status when they're
involved in a personal real estate transaction, including sales, rentals, exchanges, and auctions.
Which of the following scenarios constitutes illegal licensee compensation in South Carolina?
A. Carrie, a licensee, had her broker make her commission check out to "Shoe Gall, LLC", her
sole-proprietor company.
B. Miranda's seller client reimbursed Miranda for the special signage she paid for when
marketing his property.
C. Per the listing agreement, Charlotte's broker shared her listing commission with the buyer
agent broker.
D. Samantha's broker paid another broker a referral fee after he sent a local client Samantha's
way. - ✔️✔️B. Miranda's seller client reimbursed Miranda for the special signage she paid for
when sole-proprietor company.
Salesperson can't be paid or reimbursed directly by a consumer for real estate-related activities
or services. Licensees can only receive compensation through their own broker.
Daniel, a real estate licensee, has entered into a transaction brokerage agreement with Olivia, a
buyer. What is Olivia's relationship to Daniel?
A. Agent
B. Client
C. Consumer
D. Customer - ✔️✔️D. Customer
Transaction brokerage agreements establish a customer relationship. Daniel isn't Olivia's agent:
he's merely assisting her with the transaction.
