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Indicates Matter Stricken
Indicates New Matter
Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
March 7, 2017
H. 3861
S. Printed 3/7/17--H.
Read the first time February 28, 2017.
To whom was referred a Bill (H. 3861) 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, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
WILLIAM E. SANDIFER III for Committee.
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.
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 further amended to read:
"(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."
SECTION 2. This act takes effect upon approval by the Governor.
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