South Carolina Real Estate Salesperson Exam — All Questions
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Real estate salespersons in South Carolina are licensed and regulated by:
- a.The South Carolina Association of Realtors
- b.The South Carolina Real Estate Commission, under the Department of Labor, Licensing and Regulation✓
- c.The South Carolina Secretary of State
- d.The county register of deeds
The South Carolina Real Estate Commission, part of the Department of Labor, Licensing and Regulation (LLR), licenses and disciplines real estate licensees under South Carolina Code Title 40, Chapter 57. A trade association is a private membership group and does not license practitioners.
In South Carolina, each real estate office must be managed and supervised by a:
- a.Property manager
- b.Licensed attorney
- c.Broker-in-charge✓
- d.Certified appraiser
South Carolina requires that each real estate brokerage office have a broker-in-charge (BIC) who is responsible for supervising affiliated licensees and for maintaining the office's trust (escrow) accounts and records. A salesperson works under the supervision of the broker-in-charge and may not operate independently.
A South Carolina salesperson may lawfully be paid a commission for brokerage services by:
- a.The broker with whom the salesperson is affiliated✓
- b.The buyer directly at closing
- c.The seller directly upon listing
- d.Any cooperating broker in the deal
A South Carolina salesperson works under and is compensated only by the broker (through the broker-in-charge) with whom the salesperson is affiliated. A salesperson may not accept commissions or fees directly from a buyer, seller, or another broker. The broker is responsible for supervision and for handling client funds.