Property management license
questions and answers rated A+
The Civil Rights act of 1866 reaffirmed - correct answer ✔✔
Security deposits received in the agent's personal rental transaction are not required to be
deposited in a trust account - correct answer ✔✔ FALSE
Disputed trust funds can be disbursed in the following way - correct answer ✔✔ written
agreement between the parties
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. - correct answer ✔✔ true
In South Carolina, real estate license law is administered by the - correct answer ✔✔ South
Carolina Real Estate Commission
All of
the following are protected classes under the Fair Housing Laws EXCEPT - correct answer ✔✔
age
The duties and powers of the SC Real Estate Commission include all of the following EXECPT -
correct answer ✔✔ conducting investigations of a real estate office based on an irate phone call
The SC Real Estate Commission may investigate for all of the following reasons EXCEPT - correct
answer ✔✔ a written complaint submitted by an agent about a cooperative commission
,arrangement
The SC Real Estate Commission has the authority to - correct answer ✔✔ 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? - correct answer ✔✔ Both the conviction and the
licensee's failure to notify the SC Real Estate Commission with 10 days violate the Commission
regulations.
An agent's license renewal fee has been returned for insufficient funds. The SC Real Estate
Commission - correct answer ✔✔ may take disciplinary action against the licensee
In SC, all of the following would be grounds for revoking a licensee's license EXCEPT - correct
answer ✔✔ agreeing with a 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 - correct
answer ✔✔ fails to inform the tenant that the security deposit will be held by the owner of the
property, not the management company
The SC Fair Housing Law provides protection from discrimination for all of the following classes
EXCEPT - correct answer ✔✔ age
A housing discrimination charge must be filed with the SC Human Affairs Commission within -
correct answer ✔✔ 6 months
All of the following may be grounds for disciplinary action by the SC Real Estate Commission
EXCEPT - correct answer ✔✔ failure to disclose the death of a owner due to cancer
, Which of the following activities does NOT require a real estate or property management
license in SC? - correct answer ✔✔ being paid a salary to manage an agent's marketing
campaign
In SC, applications for any real estate license must - correct answer ✔✔ be completed before
taking the written exam
A licensee on inactive status may - correct answer ✔✔ not conduct real estate activities
Which of the following is correct regarding an applicant for Property Manager-in-charge? -
correct answer ✔✔ must complete a seven hour Property Manager-in-charge class
A real estate licensee who wishes to also become a property manager - correct answer ✔✔ may
manage property with a real estate license
When a licensed Property Manager-in-charge changes his or her place of business, - correct
answer ✔✔ the property manager-in-charge must notify the SC Real Estate Commission
within 10 days
In SC, licenses are renewed - correct answer ✔✔ biennially, on June 30
A property manager-in-charge intends to open a branch office in a neighboring town.The
Property manager-in-charge applies for a branch office license, giving a name that clearly
identifies its relationship with his main office. The PMIC names a licensed real estate property
manager as the branch office manager. Under these facts, could the PMIC receive approval for
the branch office? - correct answer ✔✔ Yes, if the SC Real Estate Commission approves one
PMIC acting as PMIC of
two offices
questions and answers rated A+
The Civil Rights act of 1866 reaffirmed - correct answer ✔✔
Security deposits received in the agent's personal rental transaction are not required to be
deposited in a trust account - correct answer ✔✔ FALSE
Disputed trust funds can be disbursed in the following way - correct answer ✔✔ written
agreement between the parties
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. - correct answer ✔✔ true
In South Carolina, real estate license law is administered by the - correct answer ✔✔ South
Carolina Real Estate Commission
All of
the following are protected classes under the Fair Housing Laws EXCEPT - correct answer ✔✔
age
The duties and powers of the SC Real Estate Commission include all of the following EXECPT -
correct answer ✔✔ conducting investigations of a real estate office based on an irate phone call
The SC Real Estate Commission may investigate for all of the following reasons EXCEPT - correct
answer ✔✔ a written complaint submitted by an agent about a cooperative commission
,arrangement
The SC Real Estate Commission has the authority to - correct answer ✔✔ 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? - correct answer ✔✔ Both the conviction and the
licensee's failure to notify the SC Real Estate Commission with 10 days violate the Commission
regulations.
An agent's license renewal fee has been returned for insufficient funds. The SC Real Estate
Commission - correct answer ✔✔ may take disciplinary action against the licensee
In SC, all of the following would be grounds for revoking a licensee's license EXCEPT - correct
answer ✔✔ agreeing with a 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 - correct
answer ✔✔ fails to inform the tenant that the security deposit will be held by the owner of the
property, not the management company
The SC Fair Housing Law provides protection from discrimination for all of the following classes
EXCEPT - correct answer ✔✔ age
A housing discrimination charge must be filed with the SC Human Affairs Commission within -
correct answer ✔✔ 6 months
All of the following may be grounds for disciplinary action by the SC Real Estate Commission
EXCEPT - correct answer ✔✔ failure to disclose the death of a owner due to cancer
, Which of the following activities does NOT require a real estate or property management
license in SC? - correct answer ✔✔ being paid a salary to manage an agent's marketing
campaign
In SC, applications for any real estate license must - correct answer ✔✔ be completed before
taking the written exam
A licensee on inactive status may - correct answer ✔✔ not conduct real estate activities
Which of the following is correct regarding an applicant for Property Manager-in-charge? -
correct answer ✔✔ must complete a seven hour Property Manager-in-charge class
A real estate licensee who wishes to also become a property manager - correct answer ✔✔ may
manage property with a real estate license
When a licensed Property Manager-in-charge changes his or her place of business, - correct
answer ✔✔ the property manager-in-charge must notify the SC Real Estate Commission
within 10 days
In SC, licenses are renewed - correct answer ✔✔ biennially, on June 30
A property manager-in-charge intends to open a branch office in a neighboring town.The
Property manager-in-charge applies for a branch office license, giving a name that clearly
identifies its relationship with his main office. The PMIC names a licensed real estate property
manager as the branch office manager. Under these facts, could the PMIC receive approval for
the branch office? - correct answer ✔✔ Yes, if the SC Real Estate Commission approves one
PMIC acting as PMIC of
two offices
