SC PROPERTY MANAGEMENT EXAM QUESTIONS
WITH 100% COMPLETE SOLUTIONS| LATEST
UPDATE
Service Scheduled Times - correct answer-Between the hours of 9:00am and 6:00pm
for the purpose of providing regularly scheduled periodic services such as changing
furnace/air conditioning filters, termite, insect, or pest treatment, regularly scheduled
periodic services set forth in writing in the rental agreement and prior to entering the
landlord announces his intent to enter to perform services.
Requested Service - correct answer-Between the 8:00 am and 8:00pm for the purpose
of providing services requested by the tenant
Notice for Entering - correct answer-Landlords shall give a twenty four hour notice of the
intent to enter and may enter only at reasonable times.
Week to Week - correct answer-The landlord or tenant may terminate a tenancy by a
written notice given to the other at lease SEVEN DAYS before the termination date
specified in the notice.
Month to Month - correct answer-The landlord or tenant may terminate a tenancy by a
written notice given to the other at least thirty days before the termination date specified
in the notice.
Tenant Remaining in Possession without Landlord's consent - correct answer-The
landlord may bring an action for possession. If the holdover is not in good faith, the
landlord may recover reasonable attorney's fees. If the tenant's holdover is a willful
violation of the provisions of the rental agreement the landlord may also recover an
amount not more than three months periodic rent or twice the actual damages sustained
by them. Whichever is greater and reasonable attorney's fees.
Landlord and Tenant Remedies for Abuse of Access - correct answer-If the tenant
refuses to allow lawful access, the landlord may obtain injunctive relief in magistrates or
circuit court without posting bond to compel access, or terminate the rental agreement.
In either case the landlord/tenant may recover actual damages and reasonable
attorney's fees.
, Fudiciary - correct answer-One who is in a position of trust and confidence with respect
to another (the principal). It is the person with whom a principal has a fiduciary
relationship.
Agent - correct answer-In common law one is authorized and empowered to perform
actions for another called the principal/client. An agent may be a legal entity such as a
corporation or a natural person. Acts done by an agent, within the scope of authority
granted by the principal/clients, are deemed to be as if the principal/client had done the
acts.
Principal - correct answer-In common law, in an agency relationship is one who retains
the services of an agent for representation in legal and/or business dealings with third
parties. May be a corporation or a natrual person.
South Carolina Real Estate Commission - correct answer-Under the administration of
Labor, Licensing, and Regulation (LLR)
Purpose of Real Estate Commission - correct answer-Prelicense Education, Testing of
Applicants, Supervision of BIC/PMIC, Punish violators.
Powers of Real Estate Commision - correct answer-Deny a license, determine the
qualification standards, conduct discipliary hearings
Property Managers - correct answer-Licensees who are paid or want to be paid for
negotiating real estate rentals or leases.
Boycotting - correct answer-When firms agree to single out one firm and not cooperate
with that firm.
Allocation of Markets - correct answer-The practice may occur if competing businesses
agreed to divide up a territory and further agree not to do business in each other's
market area.
Allocation of Customers - correct answer-Competitors would decide which type of
potential customers for their product or services.
WITH 100% COMPLETE SOLUTIONS| LATEST
UPDATE
Service Scheduled Times - correct answer-Between the hours of 9:00am and 6:00pm
for the purpose of providing regularly scheduled periodic services such as changing
furnace/air conditioning filters, termite, insect, or pest treatment, regularly scheduled
periodic services set forth in writing in the rental agreement and prior to entering the
landlord announces his intent to enter to perform services.
Requested Service - correct answer-Between the 8:00 am and 8:00pm for the purpose
of providing services requested by the tenant
Notice for Entering - correct answer-Landlords shall give a twenty four hour notice of the
intent to enter and may enter only at reasonable times.
Week to Week - correct answer-The landlord or tenant may terminate a tenancy by a
written notice given to the other at lease SEVEN DAYS before the termination date
specified in the notice.
Month to Month - correct answer-The landlord or tenant may terminate a tenancy by a
written notice given to the other at least thirty days before the termination date specified
in the notice.
Tenant Remaining in Possession without Landlord's consent - correct answer-The
landlord may bring an action for possession. If the holdover is not in good faith, the
landlord may recover reasonable attorney's fees. If the tenant's holdover is a willful
violation of the provisions of the rental agreement the landlord may also recover an
amount not more than three months periodic rent or twice the actual damages sustained
by them. Whichever is greater and reasonable attorney's fees.
Landlord and Tenant Remedies for Abuse of Access - correct answer-If the tenant
refuses to allow lawful access, the landlord may obtain injunctive relief in magistrates or
circuit court without posting bond to compel access, or terminate the rental agreement.
In either case the landlord/tenant may recover actual damages and reasonable
attorney's fees.
, Fudiciary - correct answer-One who is in a position of trust and confidence with respect
to another (the principal). It is the person with whom a principal has a fiduciary
relationship.
Agent - correct answer-In common law one is authorized and empowered to perform
actions for another called the principal/client. An agent may be a legal entity such as a
corporation or a natural person. Acts done by an agent, within the scope of authority
granted by the principal/clients, are deemed to be as if the principal/client had done the
acts.
Principal - correct answer-In common law, in an agency relationship is one who retains
the services of an agent for representation in legal and/or business dealings with third
parties. May be a corporation or a natrual person.
South Carolina Real Estate Commission - correct answer-Under the administration of
Labor, Licensing, and Regulation (LLR)
Purpose of Real Estate Commission - correct answer-Prelicense Education, Testing of
Applicants, Supervision of BIC/PMIC, Punish violators.
Powers of Real Estate Commision - correct answer-Deny a license, determine the
qualification standards, conduct discipliary hearings
Property Managers - correct answer-Licensees who are paid or want to be paid for
negotiating real estate rentals or leases.
Boycotting - correct answer-When firms agree to single out one firm and not cooperate
with that firm.
Allocation of Markets - correct answer-The practice may occur if competing businesses
agreed to divide up a territory and further agree not to do business in each other's
market area.
Allocation of Customers - correct answer-Competitors would decide which type of
potential customers for their product or services.
