2026-2027 Actual Complete Real Exam Questions And
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South Carolina licensee Victor has obtained his seller client's
signature on an offer he just received. Victor faxes a copy of
this agreement to the buyer's agent. Under South Carolina law,
is this an appropriate way to communicate an accepted offer?
-No. Real estate documents may not be communicated
electronically under the state law.
-No. While this signed agreement can be sent over the Internet,
faxed documents aren't permitted.
-Yes, but only if Victor delivers the original signed agreement to
the buyer's agent within 24 hours.
-Yes, this is an appropriate way to transmit the accepted offer. -
ANSWER-Yes, this is an appropriate way to transmit the
accepted offer.
In South Carolina, what purpose do agency
agreements serve?
-To disclose brokerage relationship options to
consumers
-To establish an agent-client relationship
-To limit the duties a licensee may perform for a consumer
,-To register an agency as a real estate brokerage firm -
ANSWER-To establish an agent-client relationship
Which of the following statements regarding electronic offers
and counter-offers in South Carolina is true?
-Any electronic signatures, initials, handwritten or typewritten
modifications on offers and counter-offers are considered valid
and binding in South Carolina. -Electronic signatures, initials,
and modifications are only permitted on real estate purchase
contracts in South Carolina. They may not be used for offers
and counter-offers.
-Electronic signatures, initials, and modifications on offers and
counter-offers are neither valid nor legally binding in South
Carolina.
-Only electronic initials and modifications on offers and
counter-offers are considered valid and binding in South
Carolina. Electronic signatures are not acceptable. - ANSWER-
Any electronic signatures, initials, handwritten or typewritten
modifications on offers and counter-offers are considered valid
and binding in South Carolina.
Which of these scenarios could be seen as a real estate
violation in South Carolina?
-Before showing a buyer customer his listing, Mitchell
reviewed the agency disclosure form with the buyers and told
them he represents the sellers. -Henry provided a customer
with a copy of the signed agency disclosure form. -Isabelle
stored a signed agency disclosure form in a safe but
accessible location in the broker's office.
, -Mandy didn't disclose to potential buyers that she was
showing her own listing, so she is representing the seller. -
ANSWER-Mandy didn't disclose to potential buyers that she
was showing her own listing, so she is representing the seller.
Joe is in violation of South Carolina's smoke detector laws
because the detectors installed on his property don't work.
Within how many days must he repair or replace the detectors?
- ANSWER-15 Days
To qualify for the homestead exemption in South Carolina, the
owner must hold either a life estate or ______ to the residence.
Complete fee simple
Freehold
Leasehold
Non-freehold - ANSWER-Complete fee simple
Stacey's South Carolina home has been sold as a result of
foreclosure proceedings. Does she need to provide the
purchaser with a property disclosure statement?
-No, Stacey doesn't need to provide the disclosure statement,
but the bank does.
-No, transfers resulting from foreclosure sale are exempt.
-Yes, all sales (even foreclosure sales) require disclosure.
-Yes, all transfers of real property require disclosure. -
ANSWER-No, transfers resulting from foreclosure sale are
exempt.