South Carolina Property Management Certification
Exam 2026 | LATEST UPDATE with VERIFIED
CORRECT ANSWERS, CORRECT RATIONALES & +A
Graded Prep
True or False: Security Deposits received in the agent's personal rental transaction are not required to
be deposited in a trust account - answ✔️💜💜✔️-False
Disputed trust funds can be disbursed in the following way:
a. verbal agreement between the parties
b. broker interprets contract and writes check
c. written agreement between the parties
d. following buyer clients instructions - answ✔️💜💜✔️-C. Written agreement between the parties
True or False: A licensee who receives compensation in a real estate transaction from more than one
party can be disciplined unless the fee is accepted with the full knowledge and written consent of all
parties. - answ✔️💜💜✔️-True
In South Carolina, real estate license law is administered by the
a. South Carolina Human Affairs Commission
b. South Carolina Real Estate Commission
c. South Carolina Association of Realtors
d. Department of Housing and Urban Development - answ✔️💜💜✔️-B. South Carolina Real Estate
Commission
,All of the following are protected classes under the Fair Housing Laws EXCEPT:
a. race
b. handicap
c. age
d. national origin - answ✔️💜💜✔️-C. Age
The duties and powers of the SC Real Estate Commission include all of the following EXCEPT:
a. promulgating regulations to protect the public
b. conducting disciplinary hearings
c. determining the standards for licensure
d. conducting investigations of a real estate office based on an irate phone call - answ✔️💜💜✔️-D.
conducting investigations of a real estate office based on an irate phone call
The SC Real Estate Commission has the authority to
a. make and enforce the rules by which all licensees must abide
b. compose the examination questions on the state exam
c. administer the exams given at the testing sites
d. enact the laws that govern real estate licensees - answ✔️💜💜✔️-A. make and enforce the rules by
which all licensees must abide
A licensee is convicted on May 1st of possession and distribution of a controlled substance. Both the
crime and the conviction took place out of state. On June 15, the broker calls the SC Real Estate
Commission and leaves a message informing them of the conviction. Based on these facts, which of the
following is TRUE?
a. The licensee has properly informed the SC Real Estate Commission within 60 days after the conviction,
and the licensee's license may be renewed.
, b. Both the conviction and the licensee's failure to notify the SC Real Estate Commission within 10 days
violate the Commission regulations.
c. Because the conviction did not occur in state, it is not evidence of unworthy conduct.
d. The conviction is evidence of both improper dealing and fraud - answ✔️💜💜✔️-B. Both the
conviction and the licensee's failure to notify the SC Real Estate Commission within 10 days violate the
Commission regulations.
An agent's license renewal fee has been returned for insufficient funds. The SC Real Estate Commission
a. may take disciplinary action against the licensee
b. must allow the licensee a grace period of 30 days to pay the fee
c. may require the PMIC to pay the renewal fee
d. must cancel the license immediately - answ✔️💜💜✔️-A. may take disciplinary action against the
licensee
In SC, all of the following would be grounds for revoking a licensee's license EXCEPT
a. being convicted of forgery in SC
b. guaranteeing future profit from the resale of property
c. depositing escrow money into his or her personal checking account
d. agreeing with a owner to accept more than the normal commission rate - answ✔️💜💜✔️-D.
agreeing with an owner to accept more than the normal commission rate
A licensee may have a license revoked by the SC Real Estate Commission if the licensee
a. has been arrested for drugs
b. fails to mention a murder on a property to a potential buyer
Exam 2026 | LATEST UPDATE with VERIFIED
CORRECT ANSWERS, CORRECT RATIONALES & +A
Graded Prep
True or False: Security Deposits received in the agent's personal rental transaction are not required to
be deposited in a trust account - answ✔️💜💜✔️-False
Disputed trust funds can be disbursed in the following way:
a. verbal agreement between the parties
b. broker interprets contract and writes check
c. written agreement between the parties
d. following buyer clients instructions - answ✔️💜💜✔️-C. Written agreement between the parties
True or False: A licensee who receives compensation in a real estate transaction from more than one
party can be disciplined unless the fee is accepted with the full knowledge and written consent of all
parties. - answ✔️💜💜✔️-True
In South Carolina, real estate license law is administered by the
a. South Carolina Human Affairs Commission
b. South Carolina Real Estate Commission
c. South Carolina Association of Realtors
d. Department of Housing and Urban Development - answ✔️💜💜✔️-B. South Carolina Real Estate
Commission
,All of the following are protected classes under the Fair Housing Laws EXCEPT:
a. race
b. handicap
c. age
d. national origin - answ✔️💜💜✔️-C. Age
The duties and powers of the SC Real Estate Commission include all of the following EXCEPT:
a. promulgating regulations to protect the public
b. conducting disciplinary hearings
c. determining the standards for licensure
d. conducting investigations of a real estate office based on an irate phone call - answ✔️💜💜✔️-D.
conducting investigations of a real estate office based on an irate phone call
The SC Real Estate Commission has the authority to
a. make and enforce the rules by which all licensees must abide
b. compose the examination questions on the state exam
c. administer the exams given at the testing sites
d. enact the laws that govern real estate licensees - answ✔️💜💜✔️-A. make and enforce the rules by
which all licensees must abide
A licensee is convicted on May 1st of possession and distribution of a controlled substance. Both the
crime and the conviction took place out of state. On June 15, the broker calls the SC Real Estate
Commission and leaves a message informing them of the conviction. Based on these facts, which of the
following is TRUE?
a. The licensee has properly informed the SC Real Estate Commission within 60 days after the conviction,
and the licensee's license may be renewed.
, b. Both the conviction and the licensee's failure to notify the SC Real Estate Commission within 10 days
violate the Commission regulations.
c. Because the conviction did not occur in state, it is not evidence of unworthy conduct.
d. The conviction is evidence of both improper dealing and fraud - answ✔️💜💜✔️-B. Both the
conviction and the licensee's failure to notify the SC Real Estate Commission within 10 days violate the
Commission regulations.
An agent's license renewal fee has been returned for insufficient funds. The SC Real Estate Commission
a. may take disciplinary action against the licensee
b. must allow the licensee a grace period of 30 days to pay the fee
c. may require the PMIC to pay the renewal fee
d. must cancel the license immediately - answ✔️💜💜✔️-A. may take disciplinary action against the
licensee
In SC, all of the following would be grounds for revoking a licensee's license EXCEPT
a. being convicted of forgery in SC
b. guaranteeing future profit from the resale of property
c. depositing escrow money into his or her personal checking account
d. agreeing with a owner to accept more than the normal commission rate - answ✔️💜💜✔️-D.
agreeing with an owner to accept more than the normal commission rate
A licensee may have a license revoked by the SC Real Estate Commission if the licensee
a. has been arrested for drugs
b. fails to mention a murder on a property to a potential buyer
