Which of the following is a requirement of a broker in charge in South Carolina?

Must South Carolina property management companies have a real estate broker's license?

NO. South Carolina has a separate limited license for property managers. Real estate brokers and salespeople may also be involved in property management. Property managers must be licensed under a "property manager-in-charge" or a "broker-in-charge."

A "property manager" is defined as an individual, who, for a fee, salary, or commission, or other valuable consideration or who with the intent or expectation of receiving compensation:

• Negotiates or attempts to negotiate the rental or leasing of real estate or improvements thereon;
• Lists or offers to list and provide services in connection with the leasing or rental of real estate or improvements thereon;
• Advertises or otherwise holds himself out to the public as being engaged in any of the foregoing activities.

A "property manager in charge" is the property manager who has responsibility for the actions of the associate property managers and who has responsibility and control over and liability for trust accounts.

Generally, residential property managers are not exempt from the requirement that they have either a property manager license or a broker license, even if they do not engage in leasing activities.

Are there any exceptions to the requirement that a property manager have a real estate broker's license or a property manager license?

YES. There are very limited exceptions to the requirement, including one for owners of property.

For more information about these and other South Carolina property management requirements and exceptions, please contact the South Carolina Real Estate Commission.

Before hiring a property manager to manage your South Carolina rental property, you should always check that he or she is licensed appropriately. You can check the license status of South Carolina property managers by referring to the state's online license verification service.

South Carolina Community Association Management Licensing

There is no requirement that a community association manager or condo association manager in South Carolina hold a real estate broker's license.

South Carolina Property Manager Licensing Requirements

South Carolina property manager licensing requirements include:

• Age: must be at least 18 to be a property manager, and 21 to be a property manager in charge
• High School: must be a high school graduate or equivalent
• Education: must complete a commission approved 30 hour course in property management fundamentals. A law degree or B.A. with a major in real estate will also qualify.
• Exam: must past property management exam and apply for the property manager or property manager in charge license within one year. Exam fee is $63

South Carolina Real Estate Broker Licensing Requirements

South Carolina real estate broker licensing requirements include:

• Age: must be at least 21 years of age
• High School: must be a high school graduate or equivalent
• Education: must complete 150 hours of advanced real estate principles and practice and related topics. 90 of those hours may be the hours required for a salespersons license
• Experience: must show three years active licensure as a salesperson in the last five
• Exam: must past brokers exam

South Carolina Real Estate Salesperson Licensing Requirements

South Carolina real estate salesperson licensing requirements include:

• Age: must be at least 18 years of age
• High School: must be a high school graduate or equivalent
• Education: must complete 60 hour course in real estate fundamentals; in addition in the first year of licensure must complete 30 hours of post license education
• Exam: must past salespersons exam

For more information about these and other licensing requirements and exceptions, please contact the South Carolina Real Estate Commission. Specific information about licensing, including applications, is available online.

Steps to Becoming a Licensed Broker in South Carolina

Every day more real estate agents are deciding they want the economic advantage of owning their own brokerage. Becoming a broker is a great step towards advancing the career of any real estate agent. Below we have outlined the complete set of requirements for any South Carolina based realtor to get their broker's license and be well on their way to opening their own office.

South Carolina Real Estate Broker’s License Requirements

• Proof of age 21 and above
• You must have at least 3 years of active experience as a salesman within the last 5 years
• Proof of completion of 150 hours pre-license education
• Complete and submit the application online
• You must go through a background check
• You must fill in the affidavit of eligibility to take the exam
• Pass the real estate examination
• Fees: Examination Fees (Broker: $63). License fee (Initial $25 + $250 after passing the exam for a broker in charge or $125 for broker)

Exam

The broker exam consists of 80 national questions and 35 state specific questions. To pass, you must correctly answer 60 national questions and 25 state questions.

You will have 3 hours in total for the exam

Source

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Our main goals are to help brokers save time managing day-to-day operations, get detailed insight into production data and remain in compliance with all real estate regulations. No more wondering how to set up commission structures, managing sliding scales, and real estate checklists . Emphasys Software's time-tested solution is great for satisfying all the aspects of your business needs and more.

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