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A77, R114, H3861
Sponsors: Reps. Hixon, Hamilton, Crawford, Sandifer and Hewitt
Document Path: l:\council\bills\agm\19105wab17.docx
Introduced in the House on February 28, 2017
Introduced in the Senate on March 9, 2017
Last Amended on May 3, 2017
Passed by the General Assembly on May 10, 2017
Governor's Action: May 19, 2017, Signed
Summary: Real-estate commission authority
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/28/2017 House Introduced and read first time (House Journal-page 35) 2/28/2017 House Referred to Committee on Labor, Commerce and Industry (House Journal-page 35) 3/7/2017 House Committee report: Favorable Labor, Commerce and Industry (House Journal-page 3) 3/8/2017 House Member(s) request name added as sponsor: Hewitt 3/8/2017 House Read second time (House Journal-page 19) 3/8/2017 House Roll call Yeas-102 Nays-0 (House Journal-page 20) 3/9/2017 House Read third time and sent to Senate (House Journal-page 9) 3/9/2017 Senate Introduced and read first time (Senate Journal-page 11) 3/9/2017 Senate Referred to Committee on Labor, Commerce and Industry (Senate Journal-page 11) 4/27/2017 Senate Committee report: Favorable with amendment Labor, Commerce and Industry (Senate Journal-page 54) 5/3/2017 Senate Committee Amendment Adopted (Senate Journal-page 33) 5/3/2017 Senate Read second time (Senate Journal-page 33) 5/3/2017 Senate Roll call Ayes-41 Nays-0 (Senate Journal-page 33) 5/4/2017 Senate Read third time and returned to House with amendments (Senate Journal-page 16) 5/10/2017 House Concurred in Senate amendment and enrolled (House Journal-page 32) 5/10/2017 House Roll call Yeas-105 Nays-0 (House Journal-page 32) 5/15/2017 Ratified R 114 5/19/2017 Signed By Governor 5/25/2017 Effective date 5/19/17 5/31/2017 Act No. 77
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VERSIONS OF THIS BILL
(A77, R114, H3861)
AN ACT TO AMEND SECTION 40-57-120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AUTHORITY OF THE REAL ESTATE COMMISSION TO RECOGNIZE NONRESIDENT REAL ESTATE LICENSES ON ACTIVE STATUS FROM OTHER JURISDICTIONS WHICH RECIPROCATE, SO AS TO PROVIDE THE COMMISSION MAY ENTER INTO RECIPROCAL AGREEMENTS WITH REAL ESTATE REGULATORY AUTHORITIES OF OTHER JURISDICTIONS THAT PROVIDE WAIVERS OF EDUCATION REQUIREMENTS OR EXAMINATIONS IF THE COMMISSION CONSIDERS THE EDUCATION AND EXAMINATION REQUIREMENTS OF THE OTHER JURISDICTION TO BE SUBSTANTIALLY EQUIVALENT TO THE REQUIREMENTS OF THE COMMISSION.
Be it enacted by the General Assembly of the State of South Carolina:
Reciprocity agreements for nonresident licenses
SECTION 1. Section 40-57-120(A) of the 1976 Code, as last amended by Act 170 of 2016, is further amended to read:
"Section 40-57-120. (A) The commission may recognize nonresident real estate licenses on active status from other jurisdictions only if the other jurisdiction recognizes South Carolina real estate licenses on active status. An applicant from another jurisdiction successfully shall complete the state portion of the applicable examination before license recognition will be acknowledged. The commission may enter into reciprocal agreements with real estate regulatory authorities of other jurisdictions that provide for waivers of education requirements or examinations if the commission considers the education and examination requirements of another jurisdiction to be substantially equivalent to the requirements of this chapter."
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 15th day of May, 2017.
Approved the 19th day of May, 2017.
This web page was last updated on June 21, 2017 at 4:01 PM