Sc Property Management Exam Latest Update

OUTLAWS ALL CONTRACTS AND CONSPIRACIES THAT RESTRAIN TRADE, WHERE COMPETITORS FIX PRICES AND RIG BIDS {Ans: SHERMAN ANTI-TRUST LAW}Security officers {Ans: Life Safety officers}What are considered good reasons to defer maintenance on a property? {Ans: 1. not enough time or money 2. seasonal or weather conditions 3. property is being sold "as-is" 4. parts or labor unavailable}legal description of property {Ans: NOT the street address}National Association of Residential Property Managers, NARPM {Ans: permanent trade organization for property managers who specialize in managing single-family dwellings}MEANS TO USE TRUST FUNDS FOR A PURPOSE OTHER THAN THE PURPOSE FOR WHICH THEY ARE HELD. {Ans: CONVERSION}