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The Real Estate Commission publishes documents for the public on real estate practices in the state.
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Publication Commission Guidance : Recent Settlement and South Carolina Law(South Carolina State Library, 2024-10-25) South Carolina Real Estate CommissionIn August of 2024, a settlement agreement involving the National Association of Realtors, among other defendants, went into effect. The Commission takes this opportunity to remind South Carolina licensees that at the first practical opportunity, they must provide the following to all potential buyers and sellers with whom they have substantive contact: (1) a meaningful explanation of brokerage relationships in real estate transactions that are offered by that real estate brokerage firm, including an explanation of customer and client services; and (2) the Commission-prescribed “Disclosure of Brokerage Relationships” form.Publication Commission Guidance : Advertising Real Estate as “Coming Soon”(South Carolina State Library, 2024-07-02) South Carolina Real Estate CommissionThis paper discusses the issue of concerns with advertising real estate as “coming soon”Publication 2024 Changes to the Real Estate Practice Act(South Carolina State Library, 2024-06-11) South Carolina Real Estate CommissionHouse Bill 4754 was signed into law on May 21, 2024. The bill created Act No. 204 and comprehensively updates and clarifies the licensing laws governing the practice of real estate in South Carolina, as codified in Section 40-57-5 et seq. (2024) (“Real Estate Practice Act”).Publication Reciprocity(South Carolina State Library, 2024-03-04) South Carolina Real Estate CommissionS.C. Code Ann. §40-57-120(A) authorizes the Commission to enter into reciprocal agreements with other jurisdictions that provide waivers for education, experience, and/or examination. As such, the Commission is not able to recognize prior licensure experience in another jurisdiction if the other jurisdiction and the Commission have not entered into a reciprocal agreement. The Commission has reciprocal agreements with Georgia and North Carolina.Publication Reciprocity(South Carolina State Library, 2024-02-16) South Carolina Real Estate CommissionS.C. Code Ann. §40-57-120(A) authorizes the Commission to enter into reciprocal agreements with other jurisdictions that provide waivers for education, experience, and/or examination. As such, the Commission is not able to recognize prior licensure experience in another jurisdiction if the other jurisdiction and the Commission have not entered into a reciprocal agreement. The Commission has reciprocal agreements with Georgia and North Carolina.Publication Criminal history reporting(South Carolina State Library, 2023-05) South Carolina Real Estate CommissionIn accordance with the purpose of the South Carolina Real Estate Commission, all applicants and licensees are required to submit to criminal background checks and self-report their criminal history to ensure the public’s interest is protected when involved in real estate transactions.Publication Fake seller/fake buyer scam alert - sale of vacant lots(South Carolina State Library, 2023-01-04) South Carolina Real Estate CommissionThe South Carolina Real Estate Commission is aware of a rise in fraudulent sales and mortgages, most commonly associated with vacant lots. The scam targets unencumbered, vacant lots owned by persons out of state. With this scam, South Carolina real estate licensees may be contacted by a person acting as the seller seeking to have a vacant lot promptly sold for below market value. This is a list published by the North Carolina Real Estate Commission of “red flag” action to be aware of.Publication Property management license requirements : residents and non-residents(South Carolina State Library, 2022-06) South Carolina Real Estate CommissionThis paper gives licensing requirements for becoming a property manager.Publication Agency disclosure brochure : agency relationships in real estate(South Carolina State Library, 2013-01) South Carolina Real Estate Commission