The Committee on Labor, Commerce and Industry proposed the following amendment (WAB\158C001.RT.WAB21):

Amend the bill, as and if amended, by deleting all after the enacting words and inserting:

/ SECTION 1. Section 40-57-340(B) of the 1976 Code is amended to read:

"(B) (1) Exempt from the biennial continuing education required by subsection (A) are a:

(1)(a)salesperson who successfully completes a post-licensing course or takes a broker course is exempt for the renewal period during which the course was taken;

(2)(b)licensee while on inactive status;

(3)(c)nonresident broker or salesperson who has successfully satisfied the continuing education requirements in their jurisdiction of residence may be exempt with approval of the commission;

(4)(d) broker or salesperson with twenty-five years or more of experience in South Carolina who is sixty-five years of age or more is exempt from the continuing education requirements of this chapter; or

(e) broker or salesperson with a minimum of twenty-five years of licensure in South Carolina may apply to be granted an experience-based partial continuing education waiver, and upon granting of the waiver, is required to complete only the mandatory four hour core course biennially to maintain active licensure.

(2) A broker-in-charge who has been granted a partial continuing education waiver is required to take the four hour core course and the mandated four hour broker-in-charge course biennially. A licensee who previously has been granted a full continuing education waiver by the commission is exempt from the continuing education requirements of this chapter."

SECTION2. This act takes effect upon approval by the Governor. /