Property management license Exam Questions And Solutions
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Module
Property management license
Institution
Property Management License
Property management license Exam
Questions And Solutions
All of the following are protected classes under the Fair Housing Laws EXCEPT -
ANSWER -age
The duties and powers of the SC Real Estate Commission include all of the following
EXECPT - ANSWER -conducting investigations of a real estate...
Property management license Exam
Questions And Solutions
All of the following are protected classes under the Fair Housing Laws EXCEPT -
ANSWER -age
The duties and powers of the SC Real Estate Commission include all of the following
EXECPT - 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 - ANSWER -a written complaint submitted by an agent about a cooperative
commission
arrangement
The SC Real Estate Commission has the authority to - 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? - 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 - ANSWER -may take disciplinary action against the licensee
In SC, all of the following would be grounds for revoking a licensee's license EXCEPT -
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 - 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 - ANSWER -age
A housing discrimination charge must be filed with the SC Human Affairs Commission
within - ANSWER -6 months
, All of the following may be grounds for disciplinary action by the SC Real Estate
Commission EXCEPT - 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? - ANSWER -being paid a salary to manage an agent's
marketing campaign
In SC, applications for any real estate license must - ANSWER -be completed before
taking the written exam
A licensee on inactive status may - ANSWER -not conduct real estate activities
Which of the following is correct regarding an applicant for Property Manager-in-
charge? - ANSWER -must complete a seven hour Property Manager-in-charge class
A real estate licensee who wishes to also become a property manager - ANSWER -
may manage property with a real estate license
When a licensed Property Manager-in-charge changes his or her place of business, -
ANSWER -the property manager-in-charge must notify the SC Real Estate Commission
within 10 days
In SC, licenses are renewed - 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? - ANSWER -Yes, if the SC Real Estate
Commission approves one PMIC acting as PMIC of
two offices
A property management license is required for all of the following EXCEPT - ANSWER
-managing a personal mobile home
An applicant for a real estate license in SC must - ANSWER -submit to a background
check
A PMIC fails to renew her license by June 30 but continues to engage in management
transactions. What penalties could be incurred? - ANSWER -$500 fine and/or six
months imprisonment upon conviction
A licensee who wishes to manage condominiums - ANSWER -may have a property
management license
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