SOUTH CAROLINA LICENSE LAW |
COMPREHENSIVE STUDY GUIDE, PRACTICE
QUESTIONS, CORRECT ANSWERS AND
EXAM PREP
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
, Duties of Broker 1- Nego or attempts to nego the listing, sale, purchase, exchange, lease or other
disposition of RE or improvements thereon
2-auctions or offers to auction real estate
3-solicit a referral in order to conduct activities set forth in this section
4-offers advisory services as RE consultant or counselor
5-offers to act as an agent representing a principal in a RE transaction
6- advertises or otherwise holds himself out to the public as being engaged in any
foregoing activities
Broker in Charge -Responsible for people and money
-broker who is designated as having responsibility over the actions of all associated
licenses and also has the responsibility and control over liability for and RE trust account
Client Person with who a licensee has established agency relationship
Commission Group of individuals charged by law with the responsibility of licensing or otherwise
regulating the practice of RE in SC
Customer Person with whom a licensee has not established an agency relationship
Department Dept of Labor, Licensing and Regulation
Licensee Individual currently licensed under the chapter
Office principal office location where a BIC or PMIC is licensed to conduct business
Property Manager Individual for a fee, salary, commission or other valuable consideration or who with the
intent or expectation of receiving compensation (cannot buy or sale RE)
Duties of Property Manager -negotiates or attempts to nego the rental leasing or RE of improvements thereon
-lists or offers to list and provide services in connection with the leasing or rental of RE or
improvements thereon
-advertises or otherwise holds himself out to the public as being engaged in any of the
foregoing activities
Property Manager in Charge property mgr who is designated as having the responsibility over the actions of
associated property managers and also the responsibility and control over and liability
for RE trust accounts
COMPREHENSIVE STUDY GUIDE, PRACTICE
QUESTIONS, CORRECT ANSWERS AND
EXAM PREP
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
, Duties of Broker 1- Nego or attempts to nego the listing, sale, purchase, exchange, lease or other
disposition of RE or improvements thereon
2-auctions or offers to auction real estate
3-solicit a referral in order to conduct activities set forth in this section
4-offers advisory services as RE consultant or counselor
5-offers to act as an agent representing a principal in a RE transaction
6- advertises or otherwise holds himself out to the public as being engaged in any
foregoing activities
Broker in Charge -Responsible for people and money
-broker who is designated as having responsibility over the actions of all associated
licenses and also has the responsibility and control over liability for and RE trust account
Client Person with who a licensee has established agency relationship
Commission Group of individuals charged by law with the responsibility of licensing or otherwise
regulating the practice of RE in SC
Customer Person with whom a licensee has not established an agency relationship
Department Dept of Labor, Licensing and Regulation
Licensee Individual currently licensed under the chapter
Office principal office location where a BIC or PMIC is licensed to conduct business
Property Manager Individual for a fee, salary, commission or other valuable consideration or who with the
intent or expectation of receiving compensation (cannot buy or sale RE)
Duties of Property Manager -negotiates or attempts to nego the rental leasing or RE of improvements thereon
-lists or offers to list and provide services in connection with the leasing or rental of RE or
improvements thereon
-advertises or otherwise holds himself out to the public as being engaged in any of the
foregoing activities
Property Manager in Charge property mgr who is designated as having the responsibility over the actions of
associated property managers and also the responsibility and control over and liability
for RE trust accounts
