South Carolina General Assembly
115th Session, 2003-2004

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Indicates Matter Stricken
Indicates New Matter

H. 3310

STATUS INFORMATION

General Bill
Sponsors: Reps. Huggins and Cotty
Document Path: l:\council\bills\nbd\11120sl03.doc

Introduced in the House on January 15, 2003
Currently residing in the House Committee on Labor, Commerce and Industry

Summary: Automatic renewal of a property management

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/15/2003  House   Introduced and read first time HJ-9
   1/15/2003  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-9
    2/4/2003  House   Member(s) request name added as sponsor: Cotty

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/15/2003

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 40-57-135, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DUTIES OF A BROKER-IN-CHARGE AND A PROPERTY MANAGER-IN-CHARGE, SO AS TO PROHIBIT THE AUTOMATIC RENEWAL OF A MANAGEMENT AGREEMENT; AND TO AMEND SECTION 40-57-150, RELATING TO INVESTIGATIONS OF VIOLATIONS OF LAW BY REAL ESTATE BROKERS, SO AS TO REMOVE THE TIME LIMIT THE COMMISSION HAS TO RENDER A DECISION AND SERVE NOTICE.

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

SECTION    1.    Section 40-57-135(E)) of the 1976 Code is amended by adding an appropriately numbered item at the end to read:

"( )    In addition to the above requirements, a management agreement may not contain a provision requiring a party signing the agreement to notify the licensee of his intention to cancel the listing after the definite expiration date."

SECTION    2.    Section 40-57-150(C)(3) of the 1976 Code is amended to read:

"(3)    The commission shall render a decision and shall serve immediate notice, in writing, of the commission's decision to the applicant or licensee charged. The commission also shall state in the notice the date upon which the ruling or decision becomes effective."

SECTION    3.    This act takes effect upon approval by the Governor.

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