South Carolina General Assembly
116th Session, 2005-2006

Download This Version in Microsoft Word format

Bill 3478

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

Indicates Matter Stricken

Indicates New Matter

COMMITTEE REPORT

March 2, 2006

H. 3478

Introduced by Rep. Huggins

S. Printed 3/2/06--S.

Read the first time April 13, 2005.

            

THE COMMITTEE ON

LABOR, COMMERCE AND INDUSTRY

To whom was referred a Bill (H. 3478) to amend Section 40-57-145, as amended, relating to grounds for denial of licensure or for disciplinary action against real estate professionals, including brokers, agents, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

GLENN F. McCONNELL for Committee.

            

A BILL

TO AMEND SECTION 40-57-145, AS AMENDED, RELATING TO GROUNDS FOR DENIAL OF LICENSURE OR FOR DISCIPLINARY ACTION AGAINST REAL ESTATE PROFESSIONALS, INCLUDING BROKERS, AGENTS, AND PROPERTY MANAGERS, SO AS TO CLARIFY THAT PAYMENT OF A COMMISSION OR COMPENSATION TO AN UNLICENSED INDIVIDUAL IS PROHIBITED FOR CONDUCTING ACTIVITIES REQUIRING A LICENSE AND TO FURTHER PROVIDE WHEN SUCH PAYMENTS ARE AUTHORIZED.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 40-57-145(A)(11) of the 1976 Code, as last amended by Act 218 of 2004, is further amended to read:

"(11)    pays a commission or compensation to an unlicensed individual for conducting activities requiring a license under this chapter;"

SECTION    2.    This act takes effect upon approval by the Governor.

----XX----

This web page was last updated on Tuesday, June 23, 2009 at 2:24 P.M.