FORTUNE ACADEMY SOUTH CAROLINA
PROPERTY MANAGEMENT LICENSE EXAM
2026-2027 QUESTIONS AND ANSWERS GRADED
A+
The tenant must be advised, in writing, of the name and address of whom?
The owner or property management, either
The tenant's obligations of maintaining the unit require the tenant to:
To keep the dwelling unit safe and clean
The landlord may have access to the dwelling unit for regularly scheduled services:
Between 9 am to 6 pm for regularly scheduled services
If tenant requests that the landlord send someone over to spray for bugs, the pest
control people may come:
Between 8 am to 8 pm if tenant requests
What are the remedies for abuse of access by the landlord?:
,Injunctive relief, terminate the rental agreement, get actual damage and reasonable
attorney fees
If the landlord is not in compliance with repairs, the tenant may:
Terminate the lease 14 days after the notice if repair is still not made or
commenced
If the tenant fails to pay rent, landlord may:
Terminate the rental agreement (go to court)
What are the penalties for unlawful retaliation?:
Pay the tenant 3 months rent and treble actual damages
Tenant Z complains about conditions to the state housing inspector. The next
month, when tenant Z's lease is expiring, the building manager refuses to renew the
lease. This is an example of
Unlawful retaliation
When a tenant abandons a property, the landlord must:
Make reasonable efforts to re-rent the property, doing so will mitigate damages and
terminate the original lease.
, In South Carolina, a person who manages the property of others:
A licensed property manager, salesman, or broker
When attempting to meet the owner's objectives, the property manager should keep
in mind that increasing net income by decreasing maintenance may have a (an)
______________________ effect.:
Negative
The MAJOR RESPONSIBILITY of the property manager is to:
To obtain the highest possible return on the investment for the owner
The property manager must develop a management plan to determine the
______________ of the property:
The optimum income potential
What type a property is cooperative classified as?:
Residential
PREVENTATIVE MAINTENANCE should be geared towards eliminating
____________________ maintenance:
corrective
PROPERTY MANAGEMENT LICENSE EXAM
2026-2027 QUESTIONS AND ANSWERS GRADED
A+
The tenant must be advised, in writing, of the name and address of whom?
The owner or property management, either
The tenant's obligations of maintaining the unit require the tenant to:
To keep the dwelling unit safe and clean
The landlord may have access to the dwelling unit for regularly scheduled services:
Between 9 am to 6 pm for regularly scheduled services
If tenant requests that the landlord send someone over to spray for bugs, the pest
control people may come:
Between 8 am to 8 pm if tenant requests
What are the remedies for abuse of access by the landlord?:
,Injunctive relief, terminate the rental agreement, get actual damage and reasonable
attorney fees
If the landlord is not in compliance with repairs, the tenant may:
Terminate the lease 14 days after the notice if repair is still not made or
commenced
If the tenant fails to pay rent, landlord may:
Terminate the rental agreement (go to court)
What are the penalties for unlawful retaliation?:
Pay the tenant 3 months rent and treble actual damages
Tenant Z complains about conditions to the state housing inspector. The next
month, when tenant Z's lease is expiring, the building manager refuses to renew the
lease. This is an example of
Unlawful retaliation
When a tenant abandons a property, the landlord must:
Make reasonable efforts to re-rent the property, doing so will mitigate damages and
terminate the original lease.
, In South Carolina, a person who manages the property of others:
A licensed property manager, salesman, or broker
When attempting to meet the owner's objectives, the property manager should keep
in mind that increasing net income by decreasing maintenance may have a (an)
______________________ effect.:
Negative
The MAJOR RESPONSIBILITY of the property manager is to:
To obtain the highest possible return on the investment for the owner
The property manager must develop a management plan to determine the
______________ of the property:
The optimum income potential
What type a property is cooperative classified as?:
Residential
PREVENTATIVE MAINTENANCE should be geared towards eliminating
____________________ maintenance:
corrective
