Frequently Asked Questions

 

1. What is the Real Estate Commission?

A state regulatory office which administers the real estate license law found in Title 40, Chapter 57 of the S.C. Code of Laws.

2. What is the purpose of the Real Estate Commission?

To protect the public's interest when involved in a real estate transaction?

3. How does the Real Estate Commission protect the public?

By licensing real estate practitioners, enforcing certain standards of practice required by the license law, and investigating and taking disciplinary action against licensees found in violation of the license law.

4. What is the composition of the Real Estate Commission?

An administrative staff and nine appointed or elected Commission members--one from each of the six congressional districts and one-at-large, all of whom are actively engaged in the real estate business; and two public members who are no engaged in the real estate business.

5. What are the basic responsibilities of the Commission members?

To establish general qualifications for licensure; to act as hearing panel for determination of disciplinary action against licensees charged with license law violation; to monitor and recommend legislation which protects the public's interest without stifling innovation and growth in the industry.

6. What is the difference between the S.C. Real Estate Commission and the S. C. Association of Realtors (SCAR) or the National Association of Realtors (NAR)?

The Real Estate Commission is a state government office which regulates all real estate licensees. SCAR and NAR are the real estate industry's professional licensees who choose to join.