§ 40-57-310 Qualifications for licensure
§ 40-57-320 Conditions for license application; education; examination; fees
§ 40-57-330 Broker-in-charge license requirements; active broker or salesperson must be licensed under broker-in-charge
§ 40-57-340 Conditions for license renewal; background checks; continuing education; exemptions
§ 40-57-350 Real estate brokerage firm duties to client; agency relationship; applicability of common law
§ 40-57-360 Broker-in-charge responsible for team supervision
§ 40-57-370 Duty of licensee to provide disclosure of brokerage relationships; exceptions
§ 40-57-380 Effect of termination, expiration, completion or performance of agency agreements; accounting and confidentiality

Terms Used In South Carolina Code > Title 40 > Chapter 57 > Article 3 - Real Estate Brokers, Brokers-in-Charge, and Salespersons

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Department: means the Department of Labor, Licensing and Regulation;

    (5) "Director" means the Director of the Department of Labor, Licensing and Regulation or the director's official designee;

    (6) "Licensee" means a person granted an authorization to practice pursuant to this article and refers to a person holding a license, permit, certification, or registration granted pursuant to this article;

    (7) "Licensing act" means the individual statute or regulations, or both, of each regulated profession or occupation which include, but are not limited to, board governance, the qualifications and requirements for authorization to practice, prohibitions, and disciplinary procedures;

    (8) "Person" means an individual, partnership, or corporation;

    (9) "Profession" or "occupation" means a profession or occupation regulated or administered, or both, by the department pursuant to this article. See South Carolina Code 40-1-20
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.