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.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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