SC Real Estate case studies
SC Real Estate · Put your knowledge to work in context.
The South Carolina Real Estate Salesperson Examination is the licensing test administered to candidates who want to work under a sponsoring broker in South Carolina. It is intended for people entering the business for the first time, for licensees moving in from other states, and for anyone whose license has lapsed and needs to be reinstated. The SC Real Estate case studies are 6 cases and about 4,380 words.
1Same-Firm Buyer and the Seller's Secret Deadline
Priya, a salesperson at Coastal Shores Realty, has an exclusive buyer agency agreement with the Nguyens running through December 31. She shows them a listing held by Coastal Shores itself: list price 415,000.
718 words, about 4 min2Counteroffer, Deleted Inspection, and the Backup Bid
On a 329,000 listing, a buyer submits a written offer of 318,000 on a standard South Carolina residential sales form: 3,000 earnest money, 30-day financing contingency, a 10-day inspection and termination right, seller to pay up to 3% of price toward buyer closing costs, closing in 30 days. The seller signs a written counteroffer at 325,000, closing in 21 days, with 'the inspection paragraph deleted,' all other terms unchanged, and states the counteroffer is open until 5:00 p.m.
740 words, about 4 min3Foundation Crack, 'No Children,' and a Ramp Request
A licensee lists a 1963 ranch for $289,000. The seller answered 'no' to water intrusion on the property condition disclosure, but the basement was waterproofed in 2021 after a flood and a ceiling stain is still visible.
731 words, about 4 min4Qualifying the Buyer: Taxes, PMI, and a Seller Concession
Purchase price 360,000. The buyer puts 10% down and takes a 30-year fixed loan at 6.5%; the payment factor is 6.32 per 1,000 of loan.
670 words, about 3 min5A Driveway, a Fence, and a Misspelled Deed
Hollis is buying Lot 12 from Vance and has a survey done before closing. The survey shows: (1) the neighbor Diaz's asphalt driveway crosses 8 feet onto Lot 12; Diaz's predecessor installed it in 1996 and it has been used, paved, and plowed openly and continuously every winter since, with Diaz maintaining it and Vance never objecting; (2) a chain-link fence Diaz built in 2019 sits 2 feet inside Lot 12; (3) a recorded 1978 utility easement runs 15 feet along the rear lot line; and (4) the 2005 deed into Vance misspells the grantee as 'Vann' and was never corrected.
791 words, about 4 min6The Power of Sale, the Prescriptive Easement, and the Short Sale
A listing agent in Greenville takes a listing from an owner facing foreclosure. The owner received a notice of default and the sale date is 45 days out.
730 words, about 4 min