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South Carolina · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 South CarolinaSouth Carolina requires real-estate advertising to be truthful and not misleading, and licensees generally must advertise under the name of the brokerage firm rather than as an independent individual. The broker-in-charge (BIC) is responsible for ensuring the firm's advertising complies with license law and for overseeing affiliated licensees. Brokerages must keep transaction and trust-account records, with client and earnest-money funds held in proper trust accounts and never commingled with the firm's operating funds. Failure to maintain accurate records or to keep funds properly segregated is a common basis for Commission discipline.
Yes. State License Law is a scored domain on the South Carolina real estate licensing exam, and this topic appears in the state license-law portion.
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South Carolina applies its own license law on top of the national portion. This page covers the South Carolina rules specifically, which is what the state section of your exam tests.