South Carolina H 3864: Rental property management licensure

Bill Text

2025-2026 Bill 3864 Text of Previous Version (Jan. 30, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3864

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING 
SECTION 40-57-20, RELATING TO LICENSURE REQUIREMENTS FOR REAL ESTATE BROKERS, 
SALESPERSONS, AND PROPERTY MANAGERS, SO AS TO REQUIRE LICENSURE FOR INDIVIDUALS 
RESPONSIBLE FOR THE RENTAL OR MANAGEMENT OF THREE OR MORE PROPERTIES; AND BY 
AMENDING SECTION 40-57-240, RELATING TO APPLICABILITY OF THE CHAPTER REGULATING 
REAL ESTATE BROKERS, BROKERS-IN-CHARGE, ASSOCIATES, AND PROPERTY MANAGERS, SO 
AS TO MAKE CONFORMING CHANGES.

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

SECTION 1. Section 40-57-20 of the S.C. Code is amended to read:

 Section 
40-57-20. It is unlawful for an individual:

 (1) to act as a real estate 
broker, real estate associate, or real estate property manager or to advertise 
or provide services as such without an active, valid license issued by the 
commission.; or

 (2) to directly or indirectly manage or 
operate three or more rental properties that he directly or indirectly owns in 
whole or in part in this State without:

 (a) a valid, active real estate 
brokerage license or property manager license in this State, or

 (b) contracting with the holder of a 
valid, active real estate brokerage license or property manager license in this 
State.

SECTION 2. Section 40-57-240(1) of the S.C. Code is amended to 
read:

 (1) the sale, lease, or rental of real 
estate by an unlicensed owner of real estate who directly 
or indirectly owns any interest in the real estate if the interest being 
sold, leased, or rented is identical to the owner's legal interest, except as provided for an individual responsible for the 
rental or management of three or more rental properties pursuant to Section 
40-57-20(2);

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

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This web page was last updated on January 30, 2025 at 12:17 PM