Property management license Exam Questions with Complete Solutions

Property management license Exam Questions with Complete Solutions 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 rat