Free South Carolina Real Estate Practice Exam Online

Correct answer: B. 10

Correct. GRM = Sale Price / Annual Gross Rental Income = $240,000 / $24,000 = 10.

• A: Incorrect. 0.1 inverts the calculation; GRM is price divided by annual gross rent, not rent divided by price.
• C: Incorrect. 100 would result from an error such as dividing by monthly rather than annual rent without proper adjustment, or a misplaced decimal.
• D: Incorrect. 1000 is off by two orders of magnitude from the correct calculation.

Correct answer: B. Associate

Correct. South Carolina's entry-level real estate license is now titled "associate" under S.C. Code Ann. § 40-57-320 and related sections, distinct from the broker and broker-in-charge tiers. An associate must work under the supervision of a broker-in-charge.

• A: Incorrect. 2024 Act No. 204 replaced all statutory references to "salesperson" with "associate" throughout Title 40, Chapter 57; the entry-level license is no longer formally called a salesperson license, even though it functions as the traditional entry-level tier.
• C: Incorrect. South Carolina does not use a "provisional broker" category; that terminology is used in some other states (such as Colorado) but not South Carolina.
• D: Incorrect. Broker-in-charge is a separate, more advanced license tier requiring several years of active associate experience; it is not the entry-level license.

Correct answer: C. 60 hours

Correct. S.C. Code Ann. § 40-57-320 requires completion of 60 hours of classroom instruction in fundamentals of real estate principles and practices, in addition to 30 hours of advanced real estate principles, within five years before application.

• A: Incorrect. 30 hours understates the fundamentals course requirement; 30 hours corresponds to the separate advanced principles requirement, not fundamentals.
• B: Incorrect. 45 hours does not match either component of South Carolina's associate pre-licensing curriculum.
• D: Incorrect. 90 hours overstates the fundamentals-only requirement, though it is close to the combined 60+30 hour total of both required courses.

Correct answer: B. Yes, an applicant may take the license examination before completing the required 30 hours of advanced instruction

Correct. S.C. Code Ann. § 40-57-320 specifically provides that an applicant may take the license examination before completing the required 30 hours of advanced real estate principles instruction, though it must still be completed within the applicable window.

• A: Incorrect. South Carolina does not require both courses to be completed before the exam; the advanced principles course may be completed after taking the exam.
• C: Incorrect. There is no one-year waiting period between the fundamentals course and the examination.
• D: Incorrect. Holding a college degree in an unrelated field does not substitute for or waive the pre-licensing education requirement or condition eligibility to test early.

Correct answer: A. 120 scored questions, consisting of 80 national and 40 state-law questions, with a 70% passing score required on both portions

Correct. South Carolina's associate licensing examination consists of 120 scored questions, 80 covering national real estate principles and practices and 40 covering South Carolina-specific license law, with a required passing score of 70% on each portion.

• B: Incorrect. The exam includes both a national portion and a state-law portion; it is not limited to state law only.
• C: Incorrect. 300 questions over two days substantially overstates the actual exam length and format.
• D: Incorrect. The examination is a written/computer-based test, not an oral interview conducted by the Commission.