SOUTH CAROLINA REAL ESTATE (ACTUAL 2025/2026) EXAM
(STATE PORTION ONLY) QUESTIONS AND VERIFIED CORRECT
ANSWERS
In South Carolina, the age of legal competence is _____.
A) 18
B) 19
C) 20
D) 21 - ---Answers___A) 18
All of the following are protected classes under the South
Carolina Fair housing Law EXCEPT _____.
A) race
B) handicap
C) sexual preference
D) national origin - ---Answers___C) sexual preference
A licensee may have a license revoked if the licensee _____.
A) fails to promptly submit all offers and counteroffers in a
real estate transaction
B) fails to mention a murder on a property to a potential buyer
C) pays a clerk to type up contracts
,D) fails to inform the tenant that the name of the apartment
complex has changed - ---Answers___A) fails to promptly
submit all offers and counteroffers in a real estate transaction
An agent's license renewal fee has been returned for
insufficient funds. The South Carolina Real Estate Commission
_____.
A) may take disciplinary action against the licensee
B) must allow the licensee a grace period of 30 days to pay the
fee
C) may require the broker-in-charge to pay the renewal fee
D) must cancel the license immediately - ---Answers___A)
may take disciplinary action against the licensee
A seller has indicated that a broker will receive a bonus if the
property is sold "in house." That is _____.
A) an incentive for the brokers' company to sell the house
B) illegal in South Carolina to have variable commission
structures
C) only permissible if seller prohibits cooperation by buyers
brokers
D) A requirement for the multiple listing service (MLS) - ---
Answers___A) an incentive for the brokers' company to sell the
house (NOTE: An incentive to sell faster)
Which of the following is true about interest earned on a
purchaser's earnest deposit?
,A) The interest must be paid to the purchaser
B) The interest must earn six percent per annum payable to
the purchaser
C) It is illegal; all deposits must be on non-interest-bearing
accounts
D) The broker may keep the interest earned on the deposit if
the purchaser has agreed in writing to waive her right to the
interest - ---Answers___D) The broker may keep the interest
earned on the deposit if the purchaser has agreed in writing to
waive her right to the interest
When there has been a dispute between the buyer and the
seller about the entitlement of earnest money, the _____.
A) broker must immediately remit the funds to the South
Carolina Real Estate Commission
B) seller, as owner of the funds, is entitled to the earnest
money
C) broker may not disburse the funds to either party until the
dispute is resolved
D) buyer, as payer of the funds, is entitled to the return of the
earnest money - ---Answers___C) broker may not disburse
the funds to either party until the dispute is resolved
Earnest money disputes between parties may be resolved by
all of the following EXCEPT _____.
A) a written agreement signed by all parties directing the
disposition of the monies
B) voluntary mediation
, C) court action
D) broker arbitration - ---Answers___D) broker arbitration
(NOTE: Arbitration = resolution) (NOTE: SC licensing law allows
for a written agreement, mediation, or court order to resolve
an earnest money dispute)
Funds that are received by a broker for a principal must be
kept in _____.
A) individual escrow accounts
B) a South Carolina bank
C) a non-interest-bearing account
D) a bank account specifically designated as either "trust" or
"escrow" - ---Answers___D) a bank account specifically
designated as either "trust" or "escrow"
The South Carolina Real Estate Commission requires all of the
following for maintaining a trust account EXCEPT _____.
A) a running balance maintained for each entry
B) a monthly reconciliation for each entry
C) the check number for each deposit received
D) the payee for each deposit received - ---Answers___B) a
monthly reconciliation for each entry (NOTE: A monthly
reconciliation catches any unusual transactions which might
be caused by fraud or accounting errors)
Under what circumstances can a broker keep personal funds
in an escrow account?
(STATE PORTION ONLY) QUESTIONS AND VERIFIED CORRECT
ANSWERS
In South Carolina, the age of legal competence is _____.
A) 18
B) 19
C) 20
D) 21 - ---Answers___A) 18
All of the following are protected classes under the South
Carolina Fair housing Law EXCEPT _____.
A) race
B) handicap
C) sexual preference
D) national origin - ---Answers___C) sexual preference
A licensee may have a license revoked if the licensee _____.
A) fails to promptly submit all offers and counteroffers in a
real estate transaction
B) fails to mention a murder on a property to a potential buyer
C) pays a clerk to type up contracts
,D) fails to inform the tenant that the name of the apartment
complex has changed - ---Answers___A) fails to promptly
submit all offers and counteroffers in a real estate transaction
An agent's license renewal fee has been returned for
insufficient funds. The South Carolina Real Estate Commission
_____.
A) may take disciplinary action against the licensee
B) must allow the licensee a grace period of 30 days to pay the
fee
C) may require the broker-in-charge to pay the renewal fee
D) must cancel the license immediately - ---Answers___A)
may take disciplinary action against the licensee
A seller has indicated that a broker will receive a bonus if the
property is sold "in house." That is _____.
A) an incentive for the brokers' company to sell the house
B) illegal in South Carolina to have variable commission
structures
C) only permissible if seller prohibits cooperation by buyers
brokers
D) A requirement for the multiple listing service (MLS) - ---
Answers___A) an incentive for the brokers' company to sell the
house (NOTE: An incentive to sell faster)
Which of the following is true about interest earned on a
purchaser's earnest deposit?
,A) The interest must be paid to the purchaser
B) The interest must earn six percent per annum payable to
the purchaser
C) It is illegal; all deposits must be on non-interest-bearing
accounts
D) The broker may keep the interest earned on the deposit if
the purchaser has agreed in writing to waive her right to the
interest - ---Answers___D) The broker may keep the interest
earned on the deposit if the purchaser has agreed in writing to
waive her right to the interest
When there has been a dispute between the buyer and the
seller about the entitlement of earnest money, the _____.
A) broker must immediately remit the funds to the South
Carolina Real Estate Commission
B) seller, as owner of the funds, is entitled to the earnest
money
C) broker may not disburse the funds to either party until the
dispute is resolved
D) buyer, as payer of the funds, is entitled to the return of the
earnest money - ---Answers___C) broker may not disburse
the funds to either party until the dispute is resolved
Earnest money disputes between parties may be resolved by
all of the following EXCEPT _____.
A) a written agreement signed by all parties directing the
disposition of the monies
B) voluntary mediation
, C) court action
D) broker arbitration - ---Answers___D) broker arbitration
(NOTE: Arbitration = resolution) (NOTE: SC licensing law allows
for a written agreement, mediation, or court order to resolve
an earnest money dispute)
Funds that are received by a broker for a principal must be
kept in _____.
A) individual escrow accounts
B) a South Carolina bank
C) a non-interest-bearing account
D) a bank account specifically designated as either "trust" or
"escrow" - ---Answers___D) a bank account specifically
designated as either "trust" or "escrow"
The South Carolina Real Estate Commission requires all of the
following for maintaining a trust account EXCEPT _____.
A) a running balance maintained for each entry
B) a monthly reconciliation for each entry
C) the check number for each deposit received
D) the payee for each deposit received - ---Answers___B) a
monthly reconciliation for each entry (NOTE: A monthly
reconciliation catches any unusual transactions which might
be caused by fraud or accounting errors)
Under what circumstances can a broker keep personal funds
in an escrow account?
