Bill Text: SC H3861 | 2017-2018 | 122nd General Assembly | Comm Sub

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Bill Title: Real-estate commission authority

Spectrum: Partisan Bill (Republican 5-0)

Status: (Passed) 2017-05-31 - Act No. 77 [H3861 Detail]

Download: South_Carolina-2017-H3861-Comm_Sub.html

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COMMITTEE AMENDMENT ADOPTED

May 3, 2017

H. 3861

Introduced by Reps. Hixon, Hamilton, Crawford, Sandifer and Hewitt

S. Printed 5/3/17--S.

Read the first time March 9, 2017.

            

A BILL

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 REMOVE THE REQUIREMENT THAT SUCH NONRESIDENT APPLICANTS SEEKING LICENSURE IN THIS STATE FIRST MUST COMPLETE SUCCESSFULLY THE STATE PORTIONS OF THE APPLICABLE EXAMINATIONS.

Amend Title To Conform

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

SECTION    1.    Section 40-57-120(A) of the 1976 Code, as last amended by Act 170 of 2016, is 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."

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