SOUTH CAROLINA REAL ESTATE EXAM PRACTICE QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GUARANTEED A+

SOUTH CAROLINA REAL ESTATE EXAM



The amount per $1,000 used to calculate taxes on property is the -
B B B B B B B B B B B B



B ANSWER milliage rate B




The common name of the hazardous-
B B B B B



waste cleanup fund established by the Comprehensive Environmental Response, Compensati
B B B B B B B B B



on and Liability Act (CERCLA) is - ANSWER
B B B B B B B superfund



May eviction and foreclosure notices be delivered electronically in South Carolina? -
B B B B B B B B B B B



B ANSWER NO



How many years of sales experience must a salesperson have in order to qualify to take the br
B B B B B B B B B B B B B B B B B



okers exam? - ANSWER B B B 3



A development map that shows the location and sizes of lots and streets is known as a -
B B B B B B B B B B B B B B B B B



B ANSWER grid plan B




he Residential Property Condition Disclosure form applies to transactions that involve no mor
B B B B B B B B B B B B



e than, how many units? - ANSWER
B B B B B B 4



How many years must a full copy of a transaction file be held by a broker after closing? -
B B B B B B B B B B B B B B B B B B



B ANSWER 5



Who is responsible for maintaining a habitable property and for complying with local housing
B B B B B B B B B B B B B B



and building codes in a rental situation? - ANSWER
B B B B B B B B Lessor



Salespersons must present any client monies received, to their broker, within -
B B B B B B B B B B B



B ANSWER 1 business day
B B




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, The net spendable income generated by an investment is referred to as -
B B B B B B B B B B B B



B ANSWER Cash flow B




How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund Acco
B B B B B B B B B B B B B B B B



unt records? - ANSWER
B B B 5 years
B




A recipient of a high cost loan on a property in South Carolina must -
B B B B B B B B B B B B B B



B ANSWER receive counseling on the advisability of the loan
B B B B B B B




Mortgage "discount" points only apply if which of the following conditions are met? -
B B B B B B B B B B B B B



B ANSWER The interest rate on the mortgage loan has been lowered by 1% for each point
B B B B B B B B B B B B B B



B charged.



How long does a South Carolina landlord have to return a security deposit to a tenant at the co
B B B B B B B B B B B B B B B B B B



nslusion of a lease? - ANSWER B B B B B 30 days B




Is SC a community property state? - ANSWER
B B B B B B B No



Lenders will always order this before making a loan. - ANSWER
B B B B B B B B B B an appraisal
B




Betty Broker presents an offer to her seller, but the terms are not acceptable to the seller. Wha
B B B B B B B B B B B B B B B B B



t form must Betty complete? - ANSWER
B B B B B B an offer rejection form
B B B




Mortgage loans with fluctuating rates are termed as - ANSWER
B B B B B B B B B ARM



Does South Carolina have homestead laws? - ANSWER
B B B B B B B YES




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Wicky