South Carolina Real Estate Laws
Exam Questions and Answers||A+
Solution guide(Verified)
SC law requires which of the following to be licensed?
a. An auctioneer who auctions farm land
b. The owner of a 30-unit apartment building
c. An employee of the State Housing Authority
d. A man who has been appointed the trustee of an estate - CORRECT
ANSWER-A. An auctioneer who auctions farm land
Which of the following is legal?
a. Selling your mother's property for a fee as an unlicensed assistant
b. Representing two different real estate companies in South Carolina
,c. Moving to the US from Canada as legal alien and applying for real estate license
d. Advertising property under your own name because you want to get credit for
the listing - CORRECT ANSWER-c. Moving to the US from Canada as legal alien
and applying for real estate license
The SC real estate commission has _____. They are primarily concerned with
______. They get the power to enforce laws from the _______.
a. Police power; enforcing laws; legislature
b. Legislative power; enforcing laws; government
c. Police power; protecting the public; legislature
d. Government power; protecting the public; police power - CORRECT
ANSWER-c. Police power; protecting the public; legislature
A buyer's earnest money was placed in the broker's escrow account when a
purchase offer was received. The owner gave a counteroffer, but the buyer refused
it and has requested return of her deposit. The seller has requested that the deposit
be turned over to him. The broker should:
a. File a suite to get his share
b. Return the deposit to the buyer
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protected by copyright law
, c. Keep the deposit in the escrow account
d. Give the deposit to the broker's principal - CORRECT ANSWER-b. Return the
deposit to the buyer
An agent received a cash deposit for a principal's property. The agent placed the
deposit in his personal checking account and then wrote a check to his trust
account. For this action, the agent was found guilty of:
a. Fraud
b. Conversion
c. Dual agency
d. Commingling - CORRECT ANSWER-d. Commingling
A buyer wishes to give a postdated check with an offer. The broker should:
a. Refuse to accept the offer
b. Treat the check as any other offer
c. Inform the seller as to the form of deposit
d. Wait until it can be determined whether the check is good before presenting the
offer - CORRECT ANSWER-c. Inform the seller as to the form of deposit
Exam Questions and Answers||A+
Solution guide(Verified)
SC law requires which of the following to be licensed?
a. An auctioneer who auctions farm land
b. The owner of a 30-unit apartment building
c. An employee of the State Housing Authority
d. A man who has been appointed the trustee of an estate - CORRECT
ANSWER-A. An auctioneer who auctions farm land
Which of the following is legal?
a. Selling your mother's property for a fee as an unlicensed assistant
b. Representing two different real estate companies in South Carolina
,c. Moving to the US from Canada as legal alien and applying for real estate license
d. Advertising property under your own name because you want to get credit for
the listing - CORRECT ANSWER-c. Moving to the US from Canada as legal alien
and applying for real estate license
The SC real estate commission has _____. They are primarily concerned with
______. They get the power to enforce laws from the _______.
a. Police power; enforcing laws; legislature
b. Legislative power; enforcing laws; government
c. Police power; protecting the public; legislature
d. Government power; protecting the public; police power - CORRECT
ANSWER-c. Police power; protecting the public; legislature
A buyer's earnest money was placed in the broker's escrow account when a
purchase offer was received. The owner gave a counteroffer, but the buyer refused
it and has requested return of her deposit. The seller has requested that the deposit
be turned over to him. The broker should:
a. File a suite to get his share
b. Return the deposit to the buyer
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
, c. Keep the deposit in the escrow account
d. Give the deposit to the broker's principal - CORRECT ANSWER-b. Return the
deposit to the buyer
An agent received a cash deposit for a principal's property. The agent placed the
deposit in his personal checking account and then wrote a check to his trust
account. For this action, the agent was found guilty of:
a. Fraud
b. Conversion
c. Dual agency
d. Commingling - CORRECT ANSWER-d. Commingling
A buyer wishes to give a postdated check with an offer. The broker should:
a. Refuse to accept the offer
b. Treat the check as any other offer
c. Inform the seller as to the form of deposit
d. Wait until it can be determined whether the check is good before presenting the
offer - CORRECT ANSWER-c. Inform the seller as to the form of deposit
