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Property Management License Questions And Answers With Verified Solutions 100% Correct!!!
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Property Management License Questions And Answers With Verified Solutions 100% Correct!!!
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Property Management LicenseQuestions And Answers With Verified
Solutions 100% Correct!!!
The Civil Rights act of 1866 reaffirmed - ANSWER✔✔
Security deposits received in the agent's personal rental transaction are not required
to be deposited in a trust account - ANSWER✔✔ FALSE
Disputed trust funds can be disbursed in the following way - 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. - ANSWER✔✔ true
In South Carolina, real estate license law is administered by the - ANSWER✔✔
South Carolina Real Estate Commission
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
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