SC PROPERTY MANAGEMENT REVISION EXAMS 2025/2026
QUESTIONS WITH ANSWERS RATED A+
✔✔A property management license is required for all except - ✔✔Managing a personal
mobile home
✔✔A property manager in charge fails to renew her license by June 30 but continues to
engage in management transactions. What penalties could be incurred? - ✔✔$500 fine
and/ or six months imprisonment upon conviction
✔✔A licensee who wishes to manage condominiums - ✔✔May have a property
management license
✔✔A SC property manager may lawfully collect compensation from - ✔✔His or her
employing property manager in charge only
✔✔If a licensee violates a provision of the license law, the license he may be subject to
which of the following? - ✔✔Temporary restraining order
✔✔Which of the following would be a condition for the licensure as a property manager
in South Carolina? - ✔✔Pass the state exam within five years of the property
management course
✔✔All potential tenants must be provided an EP a booklet and required to sign a lead
based paint disclosure form for all rental properties built prior to - ✔✔1978
✔✔The enforcement agency over Megans law is - ✔✔Local sheriffs department
✔✔The Jones versus Mayer upheld the civil rights act of 1866 by prohibiting - ✔✔All
racial discrimination
✔✔If a person feels that he/she has been discriminated against by a property manager,
a complaint may be filed with - ✔✔Dept of Housing and Urban Development (HUD)
✔✔What type of agent is the property manager in charge? - ✔✔Special agent
✔✔Which of the following is not an essential element of a property management
agreement? - ✔✔Tenant income requirements
✔✔The first step for a property manager is to - ✔✔Identify owners objectives
✔✔When conducting a property analysis, which of the following is not typically a
consideration when determining the rental price? - ✔✔Shopping
, ✔✔Many property managers may choose to establish a reserve fund for each property.
A reasonable percentage to put in the reserve fund for unforeseen issues would be. -
✔✔10 to 15 percent
✔✔Cash required over a given period for the payment of principal and interest on adept,
such as mortgage payment on a property is considered - ✔✔Dept service
✔✔Property managers can determine a more realistic picture of a properties, income,
potential by forecasting, the income and expenses, for how many years out - ✔✔5 years
✔✔The law requiring leases in excess of one year to be in writing is the - ✔✔Statute of
frauds
✔✔Hey, scheduled a planned maintenance actions to cur, tail breakdowns, and failures
is - ✔✔Preventative maintenance
✔✔When working the maintenance programs, the property manager is responsible for
all of the following, except - ✔✔report expenses to lessee
✔✔The process of monitoring, controlling and conserving energy in a building or
organization, is called - ✔✔energy management
✔✔The company's financial/cash flow statement that indicates how the revenue is
transformed into net income is called - ✔✔Profit and loss statement
✔✔As a responsibility of conducting business, there are several tax forms a property
manager must have prepared. The form used to report tax exemption by the employee
is - ✔✔Employee allowance, withholding certificate, (W-4)
✔✔As an analytical tool, which report would be best used to determine the short term
viability of a company, particularly the companies' ability to pay bills? - ✔✔cash flow
statement
✔✔Property owners are only concerned with the bottom line, such as converting
property value into income. When estimating owners potential return on investment, the
property manager must know the. - ✔✔Capitalization rate
✔✔Due to risk involved, when conducting business, property, managers may look to
purchase types of insurance to cover potential liability. Concerning risk management,
this, that would be an example of. - ✔✔Transfer it
QUESTIONS WITH ANSWERS RATED A+
✔✔A property management license is required for all except - ✔✔Managing a personal
mobile home
✔✔A property manager in charge fails to renew her license by June 30 but continues to
engage in management transactions. What penalties could be incurred? - ✔✔$500 fine
and/ or six months imprisonment upon conviction
✔✔A licensee who wishes to manage condominiums - ✔✔May have a property
management license
✔✔A SC property manager may lawfully collect compensation from - ✔✔His or her
employing property manager in charge only
✔✔If a licensee violates a provision of the license law, the license he may be subject to
which of the following? - ✔✔Temporary restraining order
✔✔Which of the following would be a condition for the licensure as a property manager
in South Carolina? - ✔✔Pass the state exam within five years of the property
management course
✔✔All potential tenants must be provided an EP a booklet and required to sign a lead
based paint disclosure form for all rental properties built prior to - ✔✔1978
✔✔The enforcement agency over Megans law is - ✔✔Local sheriffs department
✔✔The Jones versus Mayer upheld the civil rights act of 1866 by prohibiting - ✔✔All
racial discrimination
✔✔If a person feels that he/she has been discriminated against by a property manager,
a complaint may be filed with - ✔✔Dept of Housing and Urban Development (HUD)
✔✔What type of agent is the property manager in charge? - ✔✔Special agent
✔✔Which of the following is not an essential element of a property management
agreement? - ✔✔Tenant income requirements
✔✔The first step for a property manager is to - ✔✔Identify owners objectives
✔✔When conducting a property analysis, which of the following is not typically a
consideration when determining the rental price? - ✔✔Shopping
, ✔✔Many property managers may choose to establish a reserve fund for each property.
A reasonable percentage to put in the reserve fund for unforeseen issues would be. -
✔✔10 to 15 percent
✔✔Cash required over a given period for the payment of principal and interest on adept,
such as mortgage payment on a property is considered - ✔✔Dept service
✔✔Property managers can determine a more realistic picture of a properties, income,
potential by forecasting, the income and expenses, for how many years out - ✔✔5 years
✔✔The law requiring leases in excess of one year to be in writing is the - ✔✔Statute of
frauds
✔✔Hey, scheduled a planned maintenance actions to cur, tail breakdowns, and failures
is - ✔✔Preventative maintenance
✔✔When working the maintenance programs, the property manager is responsible for
all of the following, except - ✔✔report expenses to lessee
✔✔The process of monitoring, controlling and conserving energy in a building or
organization, is called - ✔✔energy management
✔✔The company's financial/cash flow statement that indicates how the revenue is
transformed into net income is called - ✔✔Profit and loss statement
✔✔As a responsibility of conducting business, there are several tax forms a property
manager must have prepared. The form used to report tax exemption by the employee
is - ✔✔Employee allowance, withholding certificate, (W-4)
✔✔As an analytical tool, which report would be best used to determine the short term
viability of a company, particularly the companies' ability to pay bills? - ✔✔cash flow
statement
✔✔Property owners are only concerned with the bottom line, such as converting
property value into income. When estimating owners potential return on investment, the
property manager must know the. - ✔✔Capitalization rate
✔✔Due to risk involved, when conducting business, property, managers may look to
purchase types of insurance to cover potential liability. Concerning risk management,
this, that would be an example of. - ✔✔Transfer it
