SC Property Management Exam South
Carolina Real Estate Commission Actual
Exam 2026/2027 with Detailed Rationales
| Complete Exam-Style Questions | Pass
Guaranteed – A+ Graded
SC Real Estate Commission (SCREC) & Property Management Licensing (Questions 1–10)
Q1: Under South Carolina law, which license is required to independently manage residential rental
properties for others without broker supervision?
● A. Real Estate Salesperson License
● B. Property Manager License only
● C. Property Manager-in-Charge (PMIC) License [CORRECT]
● D. Real Estate Appraiser License
Correct Answer: C
Rationale: The best answer is C. Under SCREC regulations, a Property Manager-in-Charge (PMIC)
License is required to independently manage properties and supervise other property managers. A
regular property manager license requires supervision, and a salesperson license alone does not
authorize property management activities.
,Q2: How long must a property manager maintain trust account records according to SCREC
requirements?
● A. 1 year
● B. 3 years [CORRECT]
● C. 5 years
● D. 7 years
Correct Answer: B
Rationale: The best answer is B. SCREC regulations require property managers to maintain trust
account records for at least 3 years. While 5 years is recommended for other documentation, the
minimum requirement for trust account records is 3 years.
Q3: Which of the following is a prohibited activity for an unlicensed individual in South Carolina?
● A. Managing their own rental property
● B. Acting as an on-site manager for a large apartment complex for a salary
● C. Advertising property management services for others without a license [CORRECT]
● D. Collecting rent on behalf of a family member without compensation
Correct Answer: C
Rationale: The best answer is C. Under Section 40-57 of the South Carolina Code of Laws, it is
unlawful to advertise or hold oneself out as being engaged in property management activities for
others without a valid license. Managing one's own property or working as a salaried employee (not
for fees/commissions) may be exempt.
Q4: What is the minimum age requirement to obtain a Property Manager-in-Charge license in South
Carolina?
, ● A. 18 years
● B. 21 years [CORRECT]
● C. 25 years
● D. There is no age requirement
Correct Answer: B
Rationale: The best answer is B. According to Section 40-57-310 of the South Carolina Code of Laws,
an applicant must be at least 21 years old to be licensed as a broker, broker-in-charge, or property
manager-in-charge. An associate or regular property manager must be at least 18.
Q5: A property manager receives a security deposit from a tenant. Where must these funds be held
according to SCREC regulations?
● A. In the property manager's personal checking account
● B. In a separate trust/escrow account designated for client funds [CORRECT]
● C. In the property owner's personal savings account
● D. In any business operating account
Correct Answer: B
Rationale: The best answer is B. SCREC regulations strictly require that all trust funds, including
security deposits and rents held for others, must be maintained in a separate trust account.
Commingling these funds with personal or business operating funds is prohibited.
Q6: Which of the following is an essential term that must be included in a South Carolina property
management agreement?
● A. The property manager's personal home address
● B. The management fee structure and authority to lease [CORRECT]
● C. A guarantee of 100% occupancy rate
● D. The property manager's religious affiliation
, Correct Answer: B
Rationale: The best answer is B. A property management agreement must include the fee structure
(percentage of rent, flat fee, leasing fees), the broker's authority to execute leases on the owner's
behalf, and other material terms. SCREC requires written contracts between owners and brokers that
clearly establish these parameters.
Q7: How many hours of continuing education are required annually for property managers in South
Carolina?
● A. 2 hours
● B. 4 hours [CORRECT]
● C. 8 hours
● D. 12 hours
Correct Answer: B
Rationale: The best answer is B. South Carolina requires 4 hours of continuing education annually for
property managers, which must include 2 hours of mandatory SCREC topics covering license law,
contracts, agency, and ethics.
Q8: A broker-in-charge is responsible for all of the following EXCEPT:
● A. Supervising all property management activities
● B. Reviewing trust accounts regularly
● C. Personally performing every repair on managed properties [CORRECT]
● D. Ensuring compliance with SCREC regulations
Correct Answer: C
Carolina Real Estate Commission Actual
Exam 2026/2027 with Detailed Rationales
| Complete Exam-Style Questions | Pass
Guaranteed – A+ Graded
SC Real Estate Commission (SCREC) & Property Management Licensing (Questions 1–10)
Q1: Under South Carolina law, which license is required to independently manage residential rental
properties for others without broker supervision?
● A. Real Estate Salesperson License
● B. Property Manager License only
● C. Property Manager-in-Charge (PMIC) License [CORRECT]
● D. Real Estate Appraiser License
Correct Answer: C
Rationale: The best answer is C. Under SCREC regulations, a Property Manager-in-Charge (PMIC)
License is required to independently manage properties and supervise other property managers. A
regular property manager license requires supervision, and a salesperson license alone does not
authorize property management activities.
,Q2: How long must a property manager maintain trust account records according to SCREC
requirements?
● A. 1 year
● B. 3 years [CORRECT]
● C. 5 years
● D. 7 years
Correct Answer: B
Rationale: The best answer is B. SCREC regulations require property managers to maintain trust
account records for at least 3 years. While 5 years is recommended for other documentation, the
minimum requirement for trust account records is 3 years.
Q3: Which of the following is a prohibited activity for an unlicensed individual in South Carolina?
● A. Managing their own rental property
● B. Acting as an on-site manager for a large apartment complex for a salary
● C. Advertising property management services for others without a license [CORRECT]
● D. Collecting rent on behalf of a family member without compensation
Correct Answer: C
Rationale: The best answer is C. Under Section 40-57 of the South Carolina Code of Laws, it is
unlawful to advertise or hold oneself out as being engaged in property management activities for
others without a valid license. Managing one's own property or working as a salaried employee (not
for fees/commissions) may be exempt.
Q4: What is the minimum age requirement to obtain a Property Manager-in-Charge license in South
Carolina?
, ● A. 18 years
● B. 21 years [CORRECT]
● C. 25 years
● D. There is no age requirement
Correct Answer: B
Rationale: The best answer is B. According to Section 40-57-310 of the South Carolina Code of Laws,
an applicant must be at least 21 years old to be licensed as a broker, broker-in-charge, or property
manager-in-charge. An associate or regular property manager must be at least 18.
Q5: A property manager receives a security deposit from a tenant. Where must these funds be held
according to SCREC regulations?
● A. In the property manager's personal checking account
● B. In a separate trust/escrow account designated for client funds [CORRECT]
● C. In the property owner's personal savings account
● D. In any business operating account
Correct Answer: B
Rationale: The best answer is B. SCREC regulations strictly require that all trust funds, including
security deposits and rents held for others, must be maintained in a separate trust account.
Commingling these funds with personal or business operating funds is prohibited.
Q6: Which of the following is an essential term that must be included in a South Carolina property
management agreement?
● A. The property manager's personal home address
● B. The management fee structure and authority to lease [CORRECT]
● C. A guarantee of 100% occupancy rate
● D. The property manager's religious affiliation
, Correct Answer: B
Rationale: The best answer is B. A property management agreement must include the fee structure
(percentage of rent, flat fee, leasing fees), the broker's authority to execute leases on the owner's
behalf, and other material terms. SCREC requires written contracts between owners and brokers that
clearly establish these parameters.
Q7: How many hours of continuing education are required annually for property managers in South
Carolina?
● A. 2 hours
● B. 4 hours [CORRECT]
● C. 8 hours
● D. 12 hours
Correct Answer: B
Rationale: The best answer is B. South Carolina requires 4 hours of continuing education annually for
property managers, which must include 2 hours of mandatory SCREC topics covering license law,
contracts, agency, and ethics.
Q8: A broker-in-charge is responsible for all of the following EXCEPT:
● A. Supervising all property management activities
● B. Reviewing trust accounts regularly
● C. Personally performing every repair on managed properties [CORRECT]
● D. Ensuring compliance with SCREC regulations
Correct Answer: C
