South Carolina § 40-57-330 - Broker-in-charge license requirements; active broker or associate must be licensed under broker-in-charge.
Full text of South Carolina South Carolina Code of Laws § 40-57-330 — Broker-in-charge license requirements; active broker or associate must be licensed under broker-in-charge., with citation guidance and answers to common questions.
§ 40-57-330. Broker-in-charge license requirements; active broker or associate must be licensed under broker-in-charge.
(A) A broker-in-charge license may not be issued to or renewed for an applicant unless the applicant:
(1) has an ownership interest in the applicant's company; or
(2) is actively engaged in the operation and management of the company.
(B) An individual holding an active broker or associate license must be licensed under a broker-in-charge who is licensed by the commission and may not be licensed during the same period with more than one broker-in-charge. When a licensee becomes disassociated with a broker-in-charge, he immediately shall notify the commission by completion of the proper form. The licensee must furnish a new business address to the commission, the authorization of the new broker-in-charge, and proof of notification to the former broker-in-charge.
(C) When a designated broker-in-charge becomes disassociated with the office registered with the commission, the broker-in-charge shall notify the commission within five days. The broker-in-charge designation will be removed and the licensee's license will be deactivated.
HISTORY: 2016 Act No. 170 (S.1013), SECTION 1, eff January 1, 2017; 2024 Act No. 204 (H.4754), SECTION 3, eff May 21, 2024.
Effect of Amendment
2024 Act No. 204, SECTION 3, in (B), in the first sentence, substituted "associate" for "salesperson"; and added (C).
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 40-57-330
What does South Carolina Code of Laws § 40-57-330 cover?
Section 40-57-330 ("Broker-in-charge license requirements; active broker or associate must be licensed under broker-in-charge.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 40-57-330?
A common citation format is "South Carolina Code of Laws § 40-57-330" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 40-57-330 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.