South Carolina Real Estate Exam
Questions With Correct Marking
Scheme 100% PASS
When a loan is subject to the provisions of the Real Estate Settlement Procedures
Act (RESPA), Which of the following elements of the Real estate transaction need
NOT observe RESPA guidelines - CORRECT ANSWER-The Commission
structure for licensees
Regulation Z of the Truth_in lending Act Provides what penalty for licensees who
willfully fail to comply with its advertising guidelines for real estate financing? -
CORRECT ANSWER-Fines and/or imprisionment
Salesperson A for Broker B has listed a home. Salesperson C for Broker D is
acting as a Buyers agent and trying to sell the same home to his buyer. Salesperson
C is primarily responsible to: - CORRECT ANSWER-Broker D
In MOST states, the listing broker has a fiduciary duty with - CORRECT
ANSWER-The Client
, A broker was employed by an owner to sell her home. What does NOT correctly
describe the broker's relationship to the owner - CORRECT ANSWER-The
broker is a General Agent
You are a licensee holding an open house on one of your listings. An old friend
sees the sign and stops in, and ultimately asks you to write an offer to purchase. At
this point, without any discussion about agency, what is true about agency -
CORRECT ANSWER-Your friend is your Customer
You listed a home that was subsequently shown by six cooperating outside
brokers. How many seller-agency relationships are involved in this transaction? -
CORRECT ANSWER-One
A Salesperson listed a home for sale and transferred to another brokerage firm two
weeks later. What describes the status of the statement. - CORRECT ANSWER-
The listing will stay with the former broker of the salesperson.
A salesperson presented an offer that was accepted and received an earnest money
payment for $2,000. The salesperson should.. - CORRECT ANSWER-Give
money to the Broker
You are working as a buyer's broker for a client. What would NOT describe your
role as a buyer's broker? - CORRECT ANSWER-You should show the buyer
properties only in which your commission is protected.
According to the law of agency, a real estate broker does NOT owe the principal
the duty of.. - CORRECT ANSWER-Offering legal advice
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
Questions With Correct Marking
Scheme 100% PASS
When a loan is subject to the provisions of the Real Estate Settlement Procedures
Act (RESPA), Which of the following elements of the Real estate transaction need
NOT observe RESPA guidelines - CORRECT ANSWER-The Commission
structure for licensees
Regulation Z of the Truth_in lending Act Provides what penalty for licensees who
willfully fail to comply with its advertising guidelines for real estate financing? -
CORRECT ANSWER-Fines and/or imprisionment
Salesperson A for Broker B has listed a home. Salesperson C for Broker D is
acting as a Buyers agent and trying to sell the same home to his buyer. Salesperson
C is primarily responsible to: - CORRECT ANSWER-Broker D
In MOST states, the listing broker has a fiduciary duty with - CORRECT
ANSWER-The Client
, A broker was employed by an owner to sell her home. What does NOT correctly
describe the broker's relationship to the owner - CORRECT ANSWER-The
broker is a General Agent
You are a licensee holding an open house on one of your listings. An old friend
sees the sign and stops in, and ultimately asks you to write an offer to purchase. At
this point, without any discussion about agency, what is true about agency -
CORRECT ANSWER-Your friend is your Customer
You listed a home that was subsequently shown by six cooperating outside
brokers. How many seller-agency relationships are involved in this transaction? -
CORRECT ANSWER-One
A Salesperson listed a home for sale and transferred to another brokerage firm two
weeks later. What describes the status of the statement. - CORRECT ANSWER-
The listing will stay with the former broker of the salesperson.
A salesperson presented an offer that was accepted and received an earnest money
payment for $2,000. The salesperson should.. - CORRECT ANSWER-Give
money to the Broker
You are working as a buyer's broker for a client. What would NOT describe your
role as a buyer's broker? - CORRECT ANSWER-You should show the buyer
properties only in which your commission is protected.
According to the law of agency, a real estate broker does NOT owe the principal
the duty of.. - CORRECT ANSWER-Offering legal advice
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
