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Real Estate Salesperson Exam — National Portion

Agency (SC): practice questions

Our Real Estate (National) bank has 7 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · South Carolina

What must every South Carolina sales contract ask the buyer and seller to acknowledge?

  1. The commission amount
  2. Customer or client service
  3. Their credit scores and income
  4. The closing attorney's name
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B. Customer or client service — S.C. Code 40-57-370(B).

Question 2 · South Carolina

How may a South Carolina team act as dual agents?

  1. Never
  2. Only with prior written consent
  3. Freely, as long as the broker approves
  4. Only for commercial deals
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B. Only with prior written consent — S.C. Code 40-57-360(B).

Question 3 · South Carolina

Can a South Carolina agency relationship be created orally?

  1. Yes
  2. No, it must be written
  3. Only for buyers
  4. Only for rentals
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B. No, it must be written — S.C. Code 40-57-370(E).

Question 4 · South Carolina

At first substantive contact, how is a South Carolina buyer or seller presumed to be treated?

  1. As a client
  2. As a transaction-broker customer
  3. As a dual agency client
  4. As a subagent
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B. As a transaction-broker customer — S.C. Code 40-57-370(C).

Question 5 · South Carolina

What practice are South Carolina brokerage firms and subagents barred from assisting with?

  1. Short sales
  2. Wholesaling
  3. Property management
  4. Leasing
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B. Wholesaling — S.C. Code 40-57-350(A).

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