Property Management requirements in South Carolina
Must South Carolina property management companies have a real estate broker's license?
NO. South Carolina has a separate limited license for property managers. Real estate brokers and salespeople may also be involved in property management. Property managers must be licensed under a â€œproperty manager-in-chargeâ€ or a â€œbroker-in-charge.â€
A â€œproperty managerâ€ is defined as an individual, who, for a fee, salary, or commission, or other valuable consideration or who with the intent or expectation of receiving compensation:
A â€œproperty manager in chargeâ€ is the property manager who has responsibility for the actions of the associate property managers and who has responsibility and control over and liability for trust accounts.
Generally, residential property managers are not exempt from the requirement that they have either a property manager license or a broker license, even if they do not engage in leasing activities.
Are there any exceptions to the requirement that a property manager have a real estate broker's license or a property manager license?
YES. There are very limited exceptions to the requirement, including one for owners of property.
Before hiring a property manager to manage your South Carolina rental property, you should always check that he or she is licensed appropriately. You can check the license status of South Carolina property managers by referring to the state's online license verification service.
South Carolina Community Association Management Licensing
There is no requirement that a community association manager or condo association manager in South Carolina hold a real estate broker's license.
South Carolina Property Manager Licensing Requirements
South Carolina property manager licensing requirements include:
South Carolina Real Estate Broker Licensing Requirements
South Carolina real estate broker licensing requirements include:
South Carolina Real Estate Salesperson Licensing Requirements
South Carolina real estate salesperson licensing requirements include:
For more information about these and other licensing requirements and exceptions, please contact the South Carolina Real Estate Commission. Specific information about licensing, including applications, is available online.
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.