H4754: Real Estate Associates

Legislative Summary

Amend The South Carolina Code Of Laws By Adding Article 9 To Chapter 57, Title 40 So As To Outline Requirements For Providers Of Prelicensing And Continuing Education Courses For Real Estate Brokers, Brokers-in-charge, Associates, And Property Managers; By Adding Section 40-57-725 So As To Establish Administrative Citations And Penalties And Appeals; By Amending Chapter 57, Title 40, Relating To Real Estate Brokers, Brokers-in-charge, Associates, And Property Managers, So As To, Among Other Things, Define Terms, Make Conforming Changes, Define The Use Of Application Fees, Outline The Procedure For A License Classification Change, Allow For Reciprocal Agreements With Other Jurisdictions, Prohibit Bad Faith Agreements, Reduce The Amount Of Required Classroom Instruction For Brokers-in-charge, Prohibit Engaging In, Representing Others In, Or Assisting Others In The Practice Of Wholesaling, Regulate Team Marketing, And Address Licensing After Revocation; And By Adding Section 40-57-820 So As To Establish That Licensees Are Responsible For Their Work Product. - Ratified Title