South Carolina Property Management
Exam Complete Review 2026 | LATEST
UPDATE with VERIFIED CORRECT
ANSWERS, CORRECT RATIONALES & +A
Graded Guide
The amount per $1,000 used to calculate taxes on property is the - answ✔️💜💜✔️-milliage rate
The common name of the hazardous-waste cleanup fund established by the Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA) is - answ✔️💜💜✔️-superfund
May eviction and foreclosure notices be delivered electronically in South Carolina? - answ✔️💜💜✔️-
NO
How many years of sales experience must a salesperson have in order to qualify to take the brokers
exam? - answ✔️💜💜✔️-3
A development map that shows the location and sizes of lots and streets is known as a -
answ✔️💜💜✔️-grid plan
he Residential Property Condition Disclosure form applies to transactions that involve no more than,
how many units? - answ✔️💜💜✔️-4
How many years must a full copy of a transaction file be held by a broker after closing? -
answ✔️💜💜✔️-5
, Who is responsible for maintaining a habitable property and for complying with local housing and
building codes in a rental situation? - answ✔️💜💜✔️-Lessor
Salespersons must present any client monies received, to their broker, within - answ✔️💜💜✔️-1
business day
The net spendable income generated by an investment is referred to as - answ✔️💜💜✔️-Cash flow
How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund Account
records? - answ✔️💜💜✔️-5 years
A recipient of a high cost loan on a property in South Carolina must - answ✔️💜💜✔️-receive
counseling on the advisability of the loan
Mortgage "discount" points only apply if which of the following conditions are met? - answ✔️💜💜✔️-
The interest rate on the mortgage loan has been lowered by 1% for each point charged.
How long does a South Carolina landlord have to return a security deposit to a tenant at the conslusion
of a lease? - answ✔️💜💜✔️-30 days
Is SC a community property state? - answ✔️💜💜✔️-No
Lenders will always order this before making a loan. - answ✔️💜💜✔️-an appraisal
Betty Broker presents an offer to her seller, but the terms are not acceptable to the seller. What form
must Betty complete? - answ✔️💜💜✔️-an offer rejection form
Mortgage loans with fluctuating rates are termed as - answ✔️💜💜✔️-ARM
Exam Complete Review 2026 | LATEST
UPDATE with VERIFIED CORRECT
ANSWERS, CORRECT RATIONALES & +A
Graded Guide
The amount per $1,000 used to calculate taxes on property is the - answ✔️💜💜✔️-milliage rate
The common name of the hazardous-waste cleanup fund established by the Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA) is - answ✔️💜💜✔️-superfund
May eviction and foreclosure notices be delivered electronically in South Carolina? - answ✔️💜💜✔️-
NO
How many years of sales experience must a salesperson have in order to qualify to take the brokers
exam? - answ✔️💜💜✔️-3
A development map that shows the location and sizes of lots and streets is known as a -
answ✔️💜💜✔️-grid plan
he Residential Property Condition Disclosure form applies to transactions that involve no more than,
how many units? - answ✔️💜💜✔️-4
How many years must a full copy of a transaction file be held by a broker after closing? -
answ✔️💜💜✔️-5
, Who is responsible for maintaining a habitable property and for complying with local housing and
building codes in a rental situation? - answ✔️💜💜✔️-Lessor
Salespersons must present any client monies received, to their broker, within - answ✔️💜💜✔️-1
business day
The net spendable income generated by an investment is referred to as - answ✔️💜💜✔️-Cash flow
How long must a Broker in Charge or Property Manager in Charge retain their Trust Fund Account
records? - answ✔️💜💜✔️-5 years
A recipient of a high cost loan on a property in South Carolina must - answ✔️💜💜✔️-receive
counseling on the advisability of the loan
Mortgage "discount" points only apply if which of the following conditions are met? - answ✔️💜💜✔️-
The interest rate on the mortgage loan has been lowered by 1% for each point charged.
How long does a South Carolina landlord have to return a security deposit to a tenant at the conslusion
of a lease? - answ✔️💜💜✔️-30 days
Is SC a community property state? - answ✔️💜💜✔️-No
Lenders will always order this before making a loan. - answ✔️💜💜✔️-an appraisal
Betty Broker presents an offer to her seller, but the terms are not acceptable to the seller. What form
must Betty complete? - answ✔️💜💜✔️-an offer rejection form
Mortgage loans with fluctuating rates are termed as - answ✔️💜💜✔️-ARM
