S.C. Code § 40-57-360

Current through 2024 Act No. 209.
Section 40-57-360 - Broker-in-charge responsible for team supervision
(A) The broker-in-charge must be responsible for supervising the team and all licensed members of the team. The broker-in-charge may not delegate supervisory responsibilities to the team members or team leader. Written office policy of the broker-in-charge shall address team relationships in which supervised licensees may engage.
(B) The team may act as disclosed dual agents only and with the prior informed and written consent of all parties and as addressed in the broker-in-charge's written office policy.
(C) Team members must conduct all real estate brokerage activities from their commission-established office under the supervision of a broker-in-charge.
(D) All team advertising and marketing must contain the full name of the real estate brokerage firm and all team members must display and promote that they are directly connected to the brokerage firm under which the team works. In all team advertising and marketing, the team name may not be more than twice the size, prominence, or frequency of the full name of the brokerage firm.
(E) No team may imply that the team is a separate entity from the brokerage firm of its employment. Team names must end in "[team name] team at [name of real estate brokerage firm]".
(F) The commission may promulgate regulations regarding the creation and operation of real estate teams, including requiring the registration of team names on a form prescribed by the commission.

S.C. Code § 40-57-360

Amended by 2024 S.C. Acts, Act No. 204 (HB 4754),s 3, eff. 5/21/2024.
Added by 2016 S.C. Acts, Act No. 170 (SB 1013), s 1, eff. 1/1/2017.