South Carolina Property
Manager License Exam
Study Guide – 2026Practice
Questions & Answers
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ South Carolina Property Manager License Exam Study Guide – 2025 Practice Questions & Answers.pdf
,SC Property Manager License Test 2 2026-02-28
Hide definitions
4 Steps of Business Cycle
1. Expansion
2. Recession
3. Contraction
4. Revival
assignment
Transfer of tenant's rental rights to a 3rd party
Dun & Bradstreet Inc.
Credit reporting agency reporting businesses ratings
Page 2 SC Property Manager License Test.pdf
,SC Property Manager License Test 3 2026-02-28
cooperative
Multi-Family residential building where title is held by each occupant who possess the right to
occupy a certain unit.
expansion
Phase of business cycle where production increases
Formaldehyde
Colorless, organic chemical with a strong odor that can contribute to "Sick Building Syndrome"
Key Tenant
Major department store in shopping center.
Page 3 SC Property Manager License Test.pdf
, SC Property Manager License Test 4 2026-02-28
market analysis
Regional & neighborhood economic study to determine market trends.
What are the protected classes?
Race, Color, National Origin, Religion, Familial Status, Sex, Handicap
Who protects the protected classes through legislation?
HUD
Revival
lowest part of the business cycle (Nadir)
Page 4 SC Property Manager License Test.pdf