South Carolina · statute · S.C. Code tit. 40, ch. 60 · 59 active provisions
(A) This chapter may be cited as the "South Carolina Real Estate Appraiser License and Certification Act". (B) Unless otherwise provided for in this chapter, Article 1, Chapter 1 of Title 40 applies to real estate appraisers; however, if there is a conflict between this chapter and Article 1, Chapter 1 of Title 40, the…
(A) There is created the South Carolina Real Estate Appraisers Board under the administration of the Department of Labor, Licensing and Regulation. The purpose of this board is to regulate the real estate appraisal industry so as to protect the public's interest regarding real estate appraisal transactions. (B) The Sou…
As used in this chapter unless the context requires otherwise: (1) "Analysis" means a study of real estate or real property other than one estimating value. (2) "Appraisal", as a noun, means the act or process of developing an opinion of value; as an adjective, "appraisal" means of or pertaining to appraising and relat…
It is unlawful for an individual to assume or use a title, designation, or abbreviation likely to create the impression that the person is a real estate appraiser or to engage in real estate appraisal activity or advertise as an appraiser without a valid license issued by the department. However, nothing in this chapte…
To qualify as an appraiser, an applicant shall: (1) have attained the age of eighteen years; (2) satisfy educational requirements of having: (a) as an apprentice, state-licensed, or mass appraiser: (i) a high school diploma; or (ii) hold a certificate of equivalency; (b) as a state-certified residential appraiser: (i)…
An application for examination, permit, licensure, or certification must be completed in writing on a form prescribed by the department.
In addition to the requirements of Section 40-60-31, an applicant for a permit, license, or certification shall provide proof of having met the following educational and applicable experience requirements: (1) To qualify as an apprentice appraiser, an applicant shall: (a) furnish evidence that the applicant will be sup…
(A) The board shall prescribe the form of a license and certificate containing an identification number that the appraiser shall use when signing appraisal reports. When an appraiser advertises or executes contracts or other instruments, the appraiser's name, appraiser classification, and number assigned by the board m…
(A)(1) For renewal of an active license or certification, an appraiser shall present evidence biennially of satisfactory completion by the applicant of twenty-eight hours of instruction in courses or seminars that have been approved by the board, of which seven hours must be the National USPAP update course current at…
(A) The board shall establish and publish standards relevant to the approval and conduct of appraiser education required by this chapter. (B) The board shall review, approve, and regulate educational courses required by this chapter and providers and instructors of these courses including, but not limited to, accredite…
(A) The board must grant a reciprocal credential to an appraiser credentialed in another jurisdiction if: (1) the appraiser holds a valid credential to value real property that is in good standing in at least one other jurisdiction; and (2) the requirements to obtain a credential to value real property in the jurisdict…
The board shall adopt the standards and amendments to these standards of professional appraisal practice, as promulgated by the Appraisal Standards Board of the Appraisal Foundation. All apprentice appraisers and state licensed and certified appraisers shall conform their professional conduct to the National USPAP and…
The board is authorized to waive or to modify any experience, examination, or education requirements established for appraisers in this chapter in order to bring those requirements into conformity with any requirements established by federal statutes and regulations relating to state licensure of appraisers as establis…
(A) Each licensee and apprentice must maintain on file with the board a current physical address at which they may be found. (B) Each licensee and apprentice must notify the board in writing within fifteen days of any change in residential address, office address, office telephone number, or email address. (C) Service…
(A) The Department of Labor, Licensing and Regulation shall provide all administrative, fiscal, investigative, inspection, clerical, secretarial, and license renewal operations and activities of the board in accordance with Section 40-1-50. (B) The board periodically shall transmit to the appraisal subcommittee as defi…
Appraisers shall conduct themselves in accordance with a code of ethics as established in the Uniform Standards of Professional Appraisal Practice (USPAP) and adopted by the board.
(A) The department shall investigate complaints and violations of this chapter as provided in this chapter and Section 40-1-80. (B) If a complaint filed with the board involves an appraisal report that varies from a sales, lease, or exchange price, the board may decline to conduct an investigation. (C) If a complaint f…
In addition to the powers and duties enumerated in Section 40-1-90, the presiding officer of the board may administer oaths when taking testimony upon any and all matters pertaining to the business or duties of the board.
Restraining orders and cease and desist orders may be issued in accordance with Section 40-1-100.
In addition to the grounds provided in Section 40-1-110, the board may deny licensure to an applicant or may take disciplinary action against an appraiser who: (1) fails to meet the minimum qualifications for a license or certification established by or pursuant to this chapter; (2) procures or attempts to procure a li…
The board has jurisdiction over the actions committed or omitted by current and former licensees as provided in Section 40-1-115.
(A) In addition to the powers and duties enumerated in Section 40-1-120, the board may impose a fine of up to two thousand dollars to be paid for each violation of the provisions of this chapter or of the regulations promulgated by the board, but the total penalty or fine for violations may not exceed ten thousand doll…
As provided in Section 40-1-130, the board may deny licensure to an applicant based on the same grounds for which the board may take disciplinary action against a licensee.
A license may be denied based on a person's prior criminal record, only as provided for in Section 40-1-140.
A licensee under investigation for a violation of this chapter or a regulation promulgated under this chapter may voluntarily surrender the license to practice in accordance with and subject to the provisions of Section 40-1-150. A person whose license is voluntarily surrendered may not practice or represent himself or…