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H*3861 Session 122 (2017-2018)
H*3861(Rat #0114, Act #0077 of 2017) General Bill, By Hixon, Hamilton,
Crawford, Sandifer and Hewitt
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. -
ratified title
02/28/17 House Introduced and read first time (House Journal-page 35)
02/28/17 House Referred to Committee on Labor, Commerce and
Industry (House Journal-page 35)
03/07/17 House Committee report: Favorable Labor, Commerce and
Industry (House Journal-page 3)
03/08/17 House Member(s) request name added as sponsor: Hewitt
03/08/17 House Read second time (House Journal-page 19)
03/08/17 House Roll call Yeas-102 Nays-0 (House Journal-page 20)
03/09/17 House Read third time and sent to Senate
(House Journal-page 9)
03/09/17 Senate Introduced and read first time (Senate Journal-page 11)
03/09/17 Senate Referred to Committee on Labor, Commerce and
Industry (Senate Journal-page 11)
04/27/17 Senate Committee report: Favorable with amendment Labor,
Commerce and Industry (Senate Journal-page 54)
05/03/17 Senate Committee Amendment Adopted (Senate Journal-page 33)
05/03/17 Senate Read second time (Senate Journal-page 33)
05/03/17 Senate Roll call Ayes-41 Nays-0 (Senate Journal-page 33)
05/04/17 Senate Read third time and returned to House with
amendments (Senate Journal-page 16)
05/10/17 House Concurred in Senate amendment and enrolled
(House Journal-page 32)
05/10/17 House Roll call Yeas-105 Nays-0 (House Journal-page 32)
05/15/17 Ratified R 114
05/19/17 Signed By Governor
05/25/17 Effective date 5/19/17
05/31/17 Act No. 77
H. 3861
(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."
Time effective
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.
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