South Carolina bill H3864 mandates licensing for individuals managing three or more rental properties.

South Carolina bill H3864 amends the state code to require a valid, active real estate brokerage or property manager license for individuals managing three or more rental properties. It prohibits unlicensed individuals from managing or operating these properties without a license or a contract with a licensed holder. The bill also makes conforming changes to the applicability of the chapter regulating real estate brokers, brokers-in-charge, associates, and property managers. This act takes effect upon approval by the Governor.

South Carolina bill H3864 mandates licensing for individuals managing three or more rental properties.

South Carolina bill H3864 amends the state code to require a valid, active real estate brokerage or property manager license for individuals managing three or more rental properties. It prohibits unlicensed individuals from managing or operating these properties without a license or a contract with a licensed holder. The bill also makes conforming changes to the applicability of the chapter regulating real estate brokers, brokers-in-charge, associates, and property managers. This act takes effect upon approval by the Governor.