H*3415(Rat #0043, Act #0018 of 1999)  General Bill, By Bailey, Walker and 
Sandifer

Similar(S 511)
 A BILL TO AMEND SECTION 40-57-100, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO REAL ESTATE BROKERS, SALESMEN, AND PROPERTY MANAGERS AND THE
 EDUCATIONAL REQUIREMENTS WHICH ARE CONDITIONAL TO AN APPLICATION FOR
 LICENSURE, SO AS TO PROVIDE THAT FOR A SALESMAN'S LICENSE THE APPLICANT FOR
 LICENSURE MUST COMPLETE SIXTY, RATHER THAN THIRTY, HOURS OF CLASSROOM
 INSTRUCTION IN FUNDAMENTALS OF REAL ESTATE PRINCIPLES AND PRACTICES ON
 EVIDENCE, AND TO PROVIDE THAT FOR A BROKER'S LICENSE, THE APPLICANT FOR
 LICENSURE MUST COMPLETE ONE HUNDRED FIFTY, RATHER THAN ONE HUNDRED TWENTY,
 HOURS OF CERTAIN CLASSROOM INSTRUCTION, NINETY, RATHER THAN SIXTY, HOURS OF
 WHICH MAY BE THE HOURS REQUIRED FOR A SALESMAN'S LICENSE.

   01/28/99  House  Introduced and read first time HJ-26
   01/28/99  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-27
   02/04/99  House  Committee report: Favorable Labor, Commerce and
                     Industry HJ-2
   02/10/99  House  Read second time HJ-18
   02/11/99  House  Read third time and sent to Senate HJ-10
   02/11/99  Senate Introduced and read first time SJ-10
   02/11/99  Senate Referred to Committee on Labor, Commerce and
                     Industry SJ-10
   03/11/99  Senate Committee report: Favorable Labor, Commerce and
                     Industry SJ-15
   03/16/99  Senate Read second time SJ-14
   03/16/99  Senate Ordered to third reading with notice of
                     amendments SJ-14
   03/17/99  Senate Amended SJ-9
   03/17/99  Senate Read third time and returned to House with
                     amendments SJ-9
   03/18/99  Senate Reconsidered SJ-3
   03/23/99  Senate  Sen. Elliott's amendment reconsidered and
                     withdrawn SJ-7
   03/24/99  Senate Read third time and enrolled SJ-13
   04/28/99         Ratified R 43
   05/03/99         Signed By Governor
   05/03/99         Effective date 05/03/99
   05/25/99         Copies available
   05/28/99         Act No. 18

AN ACT TO AMEND SECTION 40-57-100, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REAL ESTATE BROKERS, SALESMEN, AND PROPERTY MANAGERS AND THE EDUCATIONAL REQUIREMENTS WHICH ARE CONDITIONAL TO AN APPLICATION FOR LICENSURE, SO AS TO PROVIDE THAT FOR A SALESMAN'S LICENSE THE APPLICANT FOR LICENSURE MUST COMPLETE SIXTY, RATHER THAN THIRTY, HOURS OF CLASSROOM INSTRUCTION IN FUNDAMENTALS OF REAL ESTATE PRINCIPLES AND PRACTICES ON EVIDENCE, AND TO PROVIDE THAT FOR A BROKER'S LICENSE, THE APPLICANT FOR LICENSURE MUST COMPLETE ONE HUNDRED FIFTY, RATHER THAN ONE HUNDRED TWENTY, HOURS OF CERTAIN CLASSROOM INSTRUCTION, NINETY, RATHER THAN SIXTY, HOURS OF WHICH MAY BE THE HOURS REQUIRED FOR A SALESMAN'S LICENSE.

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

Hours of classroom instruction increased

SECTION 1. Section 40-57-100(A) of the 1976 Code, as amended by Act 24 of 1997, is further amended to read:

"(A) As a condition for and before applying to take a license examination, an applicant for a salesman, broker, or property manager license shall provide proof of having met these educational requirements within the last five years:

(1) For a salesman's license, completion of sixty hours of classroom instruction in fundamentals of real estate principles and practices or evidence submitted to the department of a Juris Doctor, Bachelor of Laws degree, or a baccalaureate degree with a major in real estate from an accredited college or university. Within one year following licensure, a salesman shall provide proof of satisfactory completion of thirty hours of post-licensing instruction in advanced real estate principles and practices. Failure to complete the post-licensing education within one year will result in cancellation of the license;

(2) For a broker's license, completion of one hundred fifty hours, ninety hours of which may be the hours required for a salesman's license, of classroom instruction in advanced real estate principles and practices and related topics, and three years of experience with a salesman's license or evidence submitted to the department of a Juris Doctor, Bachelor of Laws degree, or a baccalaureate degree with a major in real estate from an accredited college or university or the commission may accept proof of related education and at least five years of experience immediately preceding license application in business activities equivalent to or closely related to real estate transactions;

(3) For a property manager's license, completion of thirty hours of classroom instruction in property management principles and practices or evidence submitted to the department of a Juris Doctor, Bachelor of Laws degree, or a baccalaureate degree with a major in real estate from an accredited college or university."

Time effective

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

Ratified the 28th day of April, 1999.

Approved the 3rd day of May, 1999.