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Contract Guides Quiz

30 questions covering the SC Disclosure of Brokerage Relationships, SCR 310, 130, 220, 120, and Form 525. Educational only — confirm details with your broker-in-charge.

Disclosure of Brokerage Relationships

Question 1 of 30

When must a SC licensee provide the Disclosure of Real Estate Brokerage Relationships brochure to a consumer?

Disclosure of Brokerage Relationships

Question 2 of 30

Which statement about Dual Agency in South Carolina is correct?

Disclosure of Brokerage Relationships

Question 3 of 30

Customer status in SC means the licensee owes the consumer:

SCR 310 — Agreement to Buy and Sell

Question 4 of 30

On the SCR 310, the 'Effective Date' is:

SCR 310 — Agreement to Buy and Sell

Question 5 of 30

Earnest money under the SCR 310 must be held by:

SCR 310 — Agreement to Buy and Sell

Question 6 of 30

During the Due Diligence period, the buyer may:

SCR 130 — Buyer Agency

Question 7 of 30

SCR 130 (Exclusive Right to Buy) should be executed:

SCR 130 — Buyer Agency

Question 8 of 30

The 'Protection Period' on SCR 130 refers to:

SCR 220 — Listing Agency

Question 9 of 30

SCR 220 (Exclusive Right to Sell) entitles the brokerage to its fee:

SCR 220 — Listing Agency

Question 10 of 30

Seller exclusions on SCR 220 should be:

SCR 120 — Compensation Agreement

Question 11 of 30

SCR 120 is most commonly used when:

SCR 120 — Compensation Agreement

Question 12 of 30

When should SCR 120 be executed?

Form 525 — Repair Addendum

Question 13 of 30

Form 525 is used to:

Form 525 — Repair Addendum

Question 14 of 30

Which is the BEST way to write a repair on Form 525?

Form 525 — Repair Addendum

Question 15 of 30

When negotiating seller credits in lieu of repairs, you should:

SCR 310 — Agreement to Buy and Sell

Question 16 of 30

If the buyer fails to deliver earnest money by the deadline in the SCR 310, the seller's typical remedy is:

SCR 310 — Agreement to Buy and Sell

Question 17 of 30

Time is of the essence in the SCR 310 means:

SCR 310 — Agreement to Buy and Sell

Question 18 of 30

Under the SCR 310 financing contingency, if the buyer cannot obtain the loan described:

SCR 310 — Agreement to Buy and Sell

Question 19 of 30

An appraisal contingency in the SCR 310 protects the buyer when:

SCR 310 — Agreement to Buy and Sell

Question 20 of 30

Personal property included in the sale (refrigerator, washer/dryer) should be:

SCR 310 — Agreement to Buy and Sell

Question 21 of 30

Risk of loss to the property before closing generally rests with:

SCR 130 — Buyer Agency

Question 22 of 30

Compensation on the SCR 130 is:

SCR 130 — Buyer Agency

Question 23 of 30

Designated Agency on the SCR 130 means:

SCR 130 — Buyer Agency

Question 24 of 30

Under the SCR 130, the buyer's brokerage owes the buyer:

SCR 220 — Listing Agency

Question 25 of 30

On the SCR 220, the listing price is:

SCR 220 — Listing Agency

Question 26 of 30

Compensation offered to a cooperating buyer brokerage from a SCR 220 listing must be:

SCR 220 — Listing Agency

Question 27 of 30

Under SCR 220, when the listing agent receives an offer they must:

SCR 120 — Compensation Agreement

Question 28 of 30

SCR 120 is signed by:

Disclosure of Brokerage Relationships

Question 29 of 30

A 'transaction broker' in South Carolina:

Disclosure of Brokerage Relationships

Question 30 of 30

Switching a customer to client status in SC requires:

0 / 30 answered