H 4464

Abstract

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 40-57-20, RELATING TO THE REQUIREMENT OF LICENSURE BY THE REAL ESTATE COMMISSION TO ENGAGE IN CERTAIN ACTIVITIES, SO AS TO PROVIDE IT IS UNLAWFUL FOR COMPANIES TO ENGAGE IN THE REAL ESTATE BROKERAGE BUSINESS UNLESS ITS ACTIVITIES ARE CONDUCTED BY LICENSEES OR UNDER THE SUPERVISION OF A BROKER-IN-CHARGE OR PROPERTY MANAGER-IN-CHARGE; AND BY AMENDING SECTION 40-57-30, RELATING TO DEFINITIONS APPLICABLE TO THE REGULATION OF REAL ESTATE BROKERS, SALESPERSONS, AND PROPERTY MANAGERS, SO AS TO INCLUDE PROVISIONS CONCERNING SHORT-TERM AND LONG-TERM RENTALS AND THE CONDUCT OF REAL ESTATE BROKERAGE WORK.