Property Management requirements in South Carolina

Must South Carolina property management companies have a real estate broker's license?

Yes, if a property manager is going to lease or list real estate, or negotiate or attempt to negotiate to perform any of those acts, or if he or she holds herself out as engaging in any of those activities, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

In South Carolina a "property manager" 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:

• Negotiates or attempts to negotiate the rental or leasing of real estate or improvements thereon;
  
  
• Lists or offers to list and provide services in connection with the leasing or rental of real estate or improvements thereon;
  
  
• Advertises or otherwise holds himself out to the public as being engaged in any of the foregoing activities.

A "property manager in charge" 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.

Must South Carolina community association managers have a real estate broker's license?

NO. A broker's license is not required to manage community associations in New Hampshire.