This 4-hour 2024-2026 South Carolina Core-Legal Hot Topics course focuses on the following four topics as a means to set you on the right track for lawfully fulfilling your duties as a South Carolina real estate licensee: (1) Jurisdiction; (2) Transaction brokerage; (3) Funds, compensation, and trust money; and (4) Investigations.
COURSE HIGHLIGHTS
• Gain an understanding of the primary objectives and influencing role of the SC Real Estate Commission and the difference between the regulatory framework and enforcement authority of the SC Real Estate Commission, a REALTORS® Association, and the SCLLR’s Office of Investigations and Enforcement.
• Learn how to locate, identify, and describe the laws and regulations that govern SC real estate transactions and professional conduct, and demonstrate how to adhere to these laws and regulations in practical scenarios to prevent legal repercussions.
• Improve your understanding of how state law pertains to transaction brokerage and agency relationships and how to apply the law through common real estate scenarios, including knowing the legal requirements for offering customer services, requirements for transaction brokerage agreements, and the exact moment when you must stop treating buyers and sellers as customers and start treating them as clients.
• Learn essential requirements regarding compensation, including state disclosure laws regarding multiple commission sources and licensee purchases; and, compensation dos and don’ts specific to transaction delays, kickbacks, and other activities that can be construed as collusion.
• Gain a better understanding of the role and steps taken by the SCLLR’s Office of Investigations and Enforcement in handling complaints and enforcing licensee compliance with state laws and regulations.