South Carolina Real Estate Salesperson Test

South Carolina Real Estate Salesperson Practice Exam and Study Guide

Each state requires those who want to become real estate agents, brokers, and salespersons to pass a real estate exam centered on their level of knowledge. Salespersons are considered an entry-level position and are ideal for those who are just breaking into the field. The salesperson’s exam is thus not as difficult as the broker’s exam, but the pass rate for the first try is still under 60% percent. If you don’t pass have to wait, and pay for, another exam.

Those who invest in our practice guide and study materials, on the other hand, pass at a rate of 95 percent. Our practice exams and study materials attack the problem very efficiently. We’re so certain that our study materials will help you pass the real estate salesperson exam that we offer a full money-back guarantee if you don’t!

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South Carolina tests, just like all real estate salesperson exams, are divided into seven parts. These focus both on state laws and national laws. When you take our practice exams, we identify what areas you need to focus on to improve your score. By focusing on areas in which you’re weak, we can help those who have a good handle on the knowledge get better, and those who need to improve get to where they need to be. It also helps you gauge how you will do on the actual test.

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South Carolina Sample Practice Real Estate Exam Questions and Answers

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South Carolina Sample Quiz

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Question 1

The license law is administered by:

A	The South Carolina Department of Revenue
B	The South Carolina Department of Taxation & Finance
C	The South Carolina Real Estate Commission, under the South Carolina Department of Labor Licensing & Regulation
D	The South Carolina Department of Education

Question 1 Explanation:

The Department of Labor, Licensing and Regulation (LLR) mission is to promote the health, safety and economic well-being of the public through regulation, licensing, enforcement, training and education.

Question 2

Is South Carolina a community property state?

A	Yes
B	No

Question 2 Explanation:

South Carolina's marital property laws are, like the majority of states, equitable distribution laws. Spouses in South Carolina have a right to all marital property. Marital property is all the real and personal property acquired by the parties during the marriage and owned at the date of filing for divorce.

Question 3

Does South Carolina allow Holographic wills?

A	Yes
B	No (with exception)

Question 3 Explanation:

A “nuncupative” or oral will is one that is spoken or otherwise unwritten (and are not legally binding in South Carolina); and a “holographic” will is a handwritten testament, (also not valid in South Carolina unless it has already been validated out-of-state).

Question 4

How soon can a broker receive a commission check after a closing in South Carolina?

A	After the transaction is completed and funded.
B	Once the offer sheet is signed.
C	Once the seller agrees to the price.
D	When the buyer moves in.

Question 4 Explanation:

In South Carolina, an attorney must oversee the closing of a real estate transaction. The attorney is responsible for disbursing all funds, including commissions. The broker and agent will have an understanding of how the commission process is executed. Clearly, no commission funding is available until the transaction is consummated.

Question 5

A salesperson that creates a stand alone web site must include a direct link to...

A	The South Carolina Real Estate Commisson
B	The MLS that they belong to
C	The homepage of their broker
D	The South Carolina Consumer Complaint Board

Question 5 Explanation:

When advertising or marketing real estate owned, in whole or in part, by another person in any medium, including site signage, a licensee clearly must identify the full name of the real estate brokerage firm with which the licensee is associated. When advertising on the Internet or in another electronic media, this requirement may be met by including a link from the advertisement to the homepage of the brokerage firm.

Question 6

Can South Carolina salespersons take their Continuing Education courses online (distance learning)?

A	Yes
B	No

Question 6 Explanation:

Pre-licensing and continuing education courses are eligible for distance learning. Certification by the Association of Real Estate License Law Officials (ARELLO) or its subsidiary, the International Distance Education Certification Center (IDECC), is required.

Question 7

At what minimum age does a person become eligible for coverage under South Carolina Fair housing for older persons category?

A	50
B	52
C	55
D	62

Question 7 Explanation:

(8) "Housing for older persons" means housing: (a) provided under any state or federal program that the commissioner determines is designed specifically and operated to assist elderly persons, as defined in the state or federal program; or (b) intended for, and solely occupied by persons sixty-two years of age or older; or (c) intended and operated for occupancy by at least one person fifty-five years of age or older for each unit. In determining whether housing qualifies as housing intended and operated for occupancy by at least one person fifty-five years of age or older, the commissioner shall develop regulations which require at least the following factors: (i) the existence of significant facilities and services specifically designed to meet the physical or social needs of older persons or, if the provision of the facilities and services is not practicable, that the housing is necessary to provide important housing opportunities for older persons; and (ii) that at least eighty percent of the dwellings are occupied by at least one person fifty-five years of age or older for each unit; and (iii) the publication of and adherence to policies and procedures which demonstrate an intent by the owner or manager to provide housing for persons fifty-five years of age or older.

Question 8

Can violations of the South Carolina Vacation Time Share Act escalate into the felony range?

A	Yes
B	No

Question 8 Explanation:

Penalties for violating South Carolina Vacation Time Share Act include: First violation - misdemeanor, not more than $5,000 Second violation - misdemeanor, not more than $5,000 or max of 6 months prison or both Third violation- felony, not more than $5,000 or max of 5 years prison or both.

Question 9

How much time is given to pass the South Carolina salesperson license?

A	2 hours
B	3 hours
C	4 hours
D	5 hours

Question 9 Explanation:

You are allowed 3 hours in total.

Question 10

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	The estimated value that an asset will have at then end of it's useful life.
C	Net cash remaining to investor after sale of investment property.
D	Gradual subsidence of waters, leaving dry land.

Question 10 Explanation:

The homestead exemption is a legal regime to protect the value of the homes of residents from property taxes, creditors, and circumstances that arise from the death of the homeowner spouse. Homestead exemptions remove part of your home's value from taxation, so they lower your taxes. For example, your home is appraised at $100,000, and you qualify for a $25,000 exemption (this is the amount mandated for school districts), you will pay school taxes on the home as if it was worth only $75,000. In South Carolina the Homestead Exemption is a complete exemption of taxes on the first $50,000 in Fair Market Value of your Legal Residence for homeowners over age 65, totally and permanently disabled, or legally blind.

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