South Carolina § 40-60-50 Administrative support; lists of licensed and certified real estate appraisers; fees.

South Carolina Statutes

§ 40-60-50 — Administrative support; lists of licensed and certified real estate appraisers; fees.

South Carolina·Title 40 PROFESSIONS AND OCCUPATIONS·Ch. 60 REAL ESTATE APPRAISERS AND APPRAISAL MANAGEMENT COMPANIES

(A)The Department of Labor, Licensing and Regulation shall provide all administrative, fiscal, investigative, inspection, clerical, secretarial, and license renewal operations and activities of the board in accordance with Section 40-1-50.

(B)The board periodically shall transmit to the appraisal subcommittee as defined in Section 40-60-20(6), a roster of individuals who have become state licensed real estate appraisers and state certified real estate appraisers and shall collect and transmit any information or fees established under Public Law 101-73, Title XI, Real Estate Appraisal Reform Amendments. The board may collect a processing fee necessary to carry out its duties under this subsection.

(C)Initial fees must be established by the board in statute or regulation and shall serve a

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(A) The Department of Labor, Licensing and Regulation shall provide all administrative, fiscal, investigative, inspection, clerical, secretarial, and license renewal operations and activities of the board in accordance with Section 40-1-50. (B) The board periodically shall transmit to the appraisal subcommittee as defined in Section 40-60-20(6), a roster of individuals who have become state licensed real estate appraisers and state certified real estate appraisers and shall collect and transmit any information or fees established under Public Law 101-73, Title XI, Real Estate Appraisal Reform Amendments. The board may collect a processing fee necessary to carry out its duties under this subsection. (C) Initial fees must be established by the board in statute or regulation and shall serve as the basis for necessary adjustments in accordance with Section 40-1-50 to ensure that they are sufficient, but not excessive, to cover expenses, including the total of the direct and indirect costs to the State for the operations of the board. (D) Application and license fees are payable to the department in advance and must accompany an application or proper documentation. Fees are nonrefundable.

South Carolina § 40-60-50 (Administrative support; lists of licensed and certified real estate appraisers; fees.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 2006 Act No. 257, SECTION 1; 2016 Act No. 243 (H.5023), SECTION 6, eff June 5, 2016; 2024 Act No. 196 (H.3278), SECTION 11, eff May 21, 2024. Effect of Amendment 2016 Act No. 243, SECTION 6, in (D), deleted the former second sentence, relating to certified funds. 2024 Act No. 196, SECTION 11, in (D), in the first sentence, substituted "application or proper documentation" for "examination application or a license application".