South Carolina Code of Laws
Chapter 57 - Real Estate Brokers, Salesmen, And Property Managers
Section 40-57-740. Actions against owners and agents; education standards; education providers or instructors.

(A) No cause of action may arise against an owner of real estate or licensed real estate agent of a party to a transaction for failure to disclose in a transaction:
(1) that the subject real estate is or was occupied by an individual who was infected with a virus or another disease which has been determined by medical evidence as being highly unlikely to be transmitted through occupancy of a dwelling place either presently or previously occupied by the infected individual;
(2) that the death of an occupant of a property has occurred or the manner of the death;
(3) any off-site condition or hazard that does not directly impact the property being transferred; or
(4) any psychological impact that has no material impact on the physical condition of the property being transferred.
(B) Nothing in subsection (A) precludes an action against an owner of real estate or agent of the owner who makes intentional misrepresentations in response to direct inquiry from a buyer or prospective buyer with regard to psychological impacts, offsite conditions, or stigmas associated with the real estate.
(C) The commission shall establish and publish standards relevant to the approval and conduct of education required by this chapter. The commission shall review, approve, and regulate education courses required by this chapter and providers and instructors of these courses including, but not limited to, accredited colleges, universities, private business entities, organizations, schools, associations, and institutions.
(D) The commission may deny, reprimand, fine, suspend, or revoke the approval of an education provider or instructor if the commission finds that the education provider or instructor has violated or failed to satisfy the provisions of this chapter or the regulations and standards promulgated pursuant to this chapter.
(E) An application by a provider who seeks approval to offer and conduct educational instruction or an application by an instructor must be made on a form prescribed by the commission and accompanied by applicable fees not less than sixty days before a course offering and must be approved by the department before it may commence instruction.
(F) If an application for a provider, instructor, or course is not approved, the reason must be detailed and the applicant must be given thirty days to respond.
(G) If the commission approves an application, a certificate must be issued by the commission to a provider or an instructor and for an approved course to be renewed biennially.
(H) An approved course must be taught by an approved instructor who is qualified and has demonstrated knowledge of the subject matter to be taught as well as the ability to teach.
(I) Approved instructors shall attend instructor development workshops sponsored by the commission or provide evidence of equivalent hours of continuing education that increases their knowledge of the subject content in their area of expertise or their teaching techniques.
HISTORY: 1997 Act No. 24, Section 1; 2004 Act No. 218, Sections 24, 25; 2005 Act No. 141, Section 10; 2008 Act No. 412, Section 3; formerly 1976 Code Section 40-57-180; 2016 Act No. 170 (S.1013), Section 1, eff January 1, 2017.
Effect of Amendment
2016 Act No. 170, Section 1, rewrote the section.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 40 - Professions and Occupations

Chapter 57 - Real Estate Brokers, Salesmen, And Property Managers

Section 40-57-5. Applicability of chapter; conflicts of laws.

Section 40-57-10. South Carolina Real Estate Commission created; purpose.

Section 40-57-20. Valid Licensure Requirement for Real Estate Brokers, Salespersons, and Property Managers.

Section 40-57-30. Definitions.

Section 40-57-40. Membership; terms of appointment.

Section 40-57-50. Election of officers; seal; rules and procedures.

Section 40-57-60. Powers and duties of commission.

Section 40-57-65. Annual report.

Section 40-57-70. Application and license fees; allocation of fees; annual report.

Section 40-57-80. Reserved.

Section 40-57-90. Application for examination or licensure; form and fees.

Section 40-57-100. Reserved.

Section 40-57-110. Issuance and classification of license; inactive status; renewal; lapse.

Section 40-57-115. Criminal background checks required for initial applicants and licensure renewals.

Section 40-57-120. Nonresident licensees; change in residency; referral fees by resident licensees.

Section 40-57-135. Duties of broker-in-charge and property manager-in-charge; associated licensees; office locations; policies and recordkeeping; management agreements; unlicensed employees.

Section 40-57-136. Trust accounts; disputes; records.

Section 40-57-240. Applicability of chapter.

Section 40-57-250. Omitted.

Section 40-57-310. Qualifications for licensure.

Section 40-57-320. Conditions for license application; education; examination; fees.

Section 40-57-330. Broker-in-charge license requirements; active broker or salesperson must be licensed under broker-in-charge.

Section 40-57-340. Conditions for license renewal; background checks; continuing education; exemptions.

Section 40-57-350. Real estate brokerage firm duties to client; agency relationship; applicability of common law.

Section 40-57-360. Broker-in-charge responsible for team supervision.

Section 40-57-370. Duty of licensee to provide disclosure of brokerage relationships; exceptions.

Section 40-57-380. Effect of termination, expiration, completion or performance of agency agreements; accounting and confidentiality.

Section 40-57-510. Manager or property manager-in-charge license.

Section 40-57-520. Management of residential multiunit rental locations.

Section 40-57-710. Grounds for denial of issuance of license or for disciplinary action against licensee.

Section 40-57-720. Investigations; restraining orders; surrender of license; disciplinary action; report to be posted.

Section 40-57-730. Licensure after revocation.

Section 40-57-740. Actions against owners and agents; education standards; education providers or instructors.

Section 40-57-750. Costs of investigation and prosecution of violations.

Section 40-57-760. Imposition of costs; collection.

Section 40-57-770. Confidentiality and privileged communications.

Section 40-57-780. Failure to renew or register license; penalties.

Section 40-57-790. Civil actions.

Section 40-57-800. Service of notice; continuance.

Section 40-57-810. Severability.