South Carolina § 40-57-330 Broker-in-charge license requirements; active broker or associate must be licensed under broker-in-charge.

South Carolina Statutes

§ 40-57-330 — Broker-in-charge license requirements; active broker or associate must be licensed under broker-in-charge.

South Carolina § 40-57-330

Title 40PROFESSIONS AND OCCUPATIONS

Ch. 57REAL ESTATE BROKERS, BROKERS-IN-CHARGE, ASSOCIATES, AND PROPERTY MANAGERS

This text of South Carolina § 40-57-330 (Broker-in-charge license requirements; active broker or associate must be licensed under broker-in-charge.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 40-57-330 (2026).

Text

(A)A broker-in-charge license may not be issued to or renewed for an applicant unless the applicant:

(1)has an ownership interest in the applicant's company; or (2) is actively engaged in the operation and management of the company.

(B)An individual holding an active broker or associate license must be licensed under a broker-in-charge who is licensed by the commission and may not be licensed during the same period with more than one broker-in-charge. When a licensee becomes disassociated with a broker-in-charge, he immediately shall notify the commission by completion of the proper form. The licensee must furnish a new business address to the commission, the authorization of the new broker-in-charge, and proof of notification to the former broker-in-charge.

(C)When a designated broker

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(A) A broker-in-charge license may not be issued to or renewed for an applicant unless the applicant: (1) has an ownership interest in the applicant's company; or (2) is actively engaged in the operation and management of the company. (B) An individual holding an active broker or associate license must be licensed under a broker-in-charge who is licensed by the commission and may not be licensed during the same period with more than one broker-in-charge. When a licensee becomes disassociated with a broker-in-charge, he immediately shall notify the commission by completion of the proper form. The licensee must furnish a new business address to the commission, the authorization of the new broker-in-charge, and proof of notification to the former broker-in-charge. (C) When a designated broker-in-charge becomes disassociated with the office registered with the commission, the broker-in-charge shall notify the commission within five days. The broker-in-charge designation will be removed and the licensee's license will be deactivated.

Legislative History

HISTORY: 2016 Act No. 170 (S.1013), SECTION 1, eff January 1, 2017; 2024 Act No. 204 (H.4754), SECTION 3, eff May 21, 2024. Effect of Amendment 2024 Act No. 204, SECTION 3, in (B), in the first sentence, substituted "associate" for "salesperson"; and added (C).