Indicates Matter Stricken

Indicates New Matter

 

Amended

April 24, 2025

 

H. 3947

 

Introduced by Reps. Hixon, Pedalino, McCabe, Vaughan and Taylor

 

S. Printed 4/24/25--S.

Read the first time March 4, 2025

 

________

 

 

 

 

 

 

 

 

A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 40-57-340, RELATING TO BIENNIAL CONTINUING EDUCATION REQUIREMENTS FOR LICENSURE RENEWAL BY THE REAL ESTATE COMMISSION, SO AS TO PROVIDE NONRESIDENT BROKERS AND NONRESIDENT ASSOCIATES WHO SUCCESSFULLY SATISFY CONTINUING EDUCATION REQUIREMENTS OF THEIR JURISDICTION OF RESIDENCE MAY BE EXEMPT FROM THE CONTINUING EDUCATION REQUIREMENTS OF THIS STATE WITH APPROVAL OF THE COMMISSION.

    Amend Title To Conform

 

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

 

SECTION 1.  Section 40-57-340(B)(1) of the S.C. Code is amended to read:

 

        (1) Exempt from the biennial continuing education required by subsection (A) are:

           (a) an associate who successfully completes a post-licensing course or takes a broker course is exempt for the renewal period during which the course was taken;

           (b) a licensee while on inactive status;

           (c) a broker or associate with twenty-five years or more of licensure in South Carolina who is sixty-five years of age or more may apply for an age and experience-based full continuing education waiver, and upon granting of the waiver, is exempt from the continuing education requirements of this chapter;  or

           (d) a broker or associate with a minimum of twenty-five years of licensure in South Carolina who may apply to be granted an experience-based partial continuing education waiver, and upon granting of the waiver, is required to complete only a mandatory four-hour core course biennially to maintain active licensure; or

           (e) a nonresident broker or a nonresident associate who has successfully satisfied the continuing education requirements of their jurisdiction of residence may be exempt with approval of the commission.

 

SECTION 2.  Chapter 57, Title 40 of the S.C. Code is amended by adding:

 

    Section 40-57-345. An individual with an expired license who, at the time of expiration, was in good standing, has twenty-five years or more of licensure in South Carolina, and who is sixty-five years of age, may apply to the Real Estate Commission for a renewal of the expired license. The applicant must pay the renewal fee as provided by law. Upon renewal, the licensee is exempt from continuing education requirements as provided by law.

 

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

----XX----