Download This Bill in Microsoft Word format
Current Status Bill Number:View additional legislative information at the LPITS web site.3415 Ratification Number:43 Act Number:18 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19990128 Primary Sponsor:Bailey All Sponsors:Bailey, Walker, Sandifer Drafted Document Number:l:\council\bills\nbd\11120jm99.doc Companion Bill Number:511 Date Bill Passed both Bodies:19990324 Governor's Action:S Date of Governor's Action:19990503 Subject:Real estate salesmen, brokers; education requirements, classroom instruction time increased; Property History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ ------ 19990524 Act No. A18 ------ 19990503 Signed by Governor ------ 19990428 Ratified R43 Senate 19990324 Read third time, enrolled for ratification Senate 19990323 Reconsidered vote whereby amendment was adopted on 19990317, amendment withdrawn Senate 19990318 Reconsidered vote whereby read third time, returned to third reading Calendar Senate 19990317 Amended, read third time, returned to House with amendment Senate 19990316 Read second time, notice of general amendments Senate 19990311 Committee report: Favorable 12 SLCI Senate 19990211 Introduced, read first time, 12 SLCI referred to Committee House 19990211 Read third time, sent to Senate House 19990210 Read second time House 19990204 Committee report: Favorable 26 HLCI House 19990128 Introduced, read first time, 26 HLCI referred to Committee Versions of This Bill Revised on February 4, 1999 - Word format Revised on March 11, 1999 - Word format Revised on March 17, 1999 - Word format Revised on March 23, 1999 - Word format
(A18, R43, H3415)
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.
This web page was last updated on Wednesday, December 9, 2009 at 9:14 A.M.