# S.C. Code Ann. § 40-57-70: SECTION 40-57-70. Application and license fees; allocation of fees; annual report

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-70

## Section

- **Citation:** S.C. Code Ann. § 40-57-70
- **Heading:** SECTION 40-57-70. Application and license fees; allocation of fees; annual report
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 40 / Chapter 57 / Article 1 / Section 40-57-70

## Text

(A) Fees relevant to the licensure and regulation of real estate brokers, associates, and property managers must be established in accordance with Section 40-1-50(D) and promulgated by regulation prior to implementation. (B) Application and license fees must be paid to the commission in advance and must accompany an examination application or a license application. An application fee is nonrefundable. (C)(1) The department may allocate up to ten dollars of each license renewal fee to the South Carolina Real Estate Commission Education and Research Fund which is established as a separate and distinct account within the Office of the State Treasurer. The funds collected must be deposited in this account and used exclusively for the advancement and dissemination of education, tools, and research: (a) for the benefit, safety, and protection of those licensed under this chapter and the public; or (b) for the improvement and increased efficiency of the real estate industry in this State through analysis and evaluation of factors which affect the real estate industry in this State. (2) The commission annually by August first shall submit a report on how the funds were expended for the preceding fiscal year to the Chairs of the Senate Labor, Commerce and Industry Committee and House Labor, Commerce and Industry Committee. Effect of Amendment 2016 Act No. 170, SECTION 1, in (A), substituted "Fees relevant" for "All fees relevant"; deleted former (B), related to reinstatement penalty, and redesignated former (C) and (D) as (B) and (C); in (B) substituted "commission" for "department"; in (C)(1), substituted "is established" for "must be established"; and made nonsubstantive and gender neutral changes throughout. 2024 Act No. 204, SECTION 3, rewrote the section.

## Nearby sections

- [S.C. Code Ann. § 40-57-5 SECTION 40-57-5. Applicability of chapter; conflicts of laws.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-5.md)
- [S.C. Code Ann. § 40-57-10 SECTION 40-57-10. South Carolina Real Estate Commission created; purpose.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-10.md)
- [S.C. Code Ann. § 40-57-20 SECTION 40-57-20. Valid Licensure Requirement for Real Estate Brokers, Salespersons, and Property Managers.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-20.md)
- [S.C. Code Ann. § 40-57-30 SECTION 40-57-30. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-30.md)
- [S.C. Code Ann. § 40-57-40 SECTION 40-57-40. Commissioners.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-40.md)
- [S.C. Code Ann. § 40-57-50 SECTION 40-57-50. Election of officers; seal; rules and procedures.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-50.md)
- [S.C. Code Ann. § 40-57-60 SECTION 40-57-60. Powers and duties of commission.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-60.md)
- [S.C. Code Ann. § 40-57-65 SECTION 40-57-65. Annual report.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-65.md)
- [S.C. Code Ann. § 40-57-70 SECTION 40-57-70. Application and license fees; allocation of fees; annual report.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-70.md)
- [S.C. Code Ann. § 40-57-90 SECTION 40-57-90. Application for examination or licensure; form and fees.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-90.md)
- [S.C. Code Ann. § 40-57-110 SECTION 40-57-110. Issuance and classification of license; inactive status; renewal; lapse.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-110.md)
- [S.C. Code Ann. § 40-57-115 SECTION 40-57-115. Criminal background checks required for initial applicants and licensure renewals.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-115.md)
- [S.C. Code Ann. § 40-57-120 SECTION 40-57-120. Nonresident licensees; change in residency; referral fees by resident licensees.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-120.md)
- [S.C. Code Ann. § 40-57-135 SECTION 40-57-135. Duties of broker-in-charge and property manager-in-charge; supervised licensees; office locations; policies and recordkeeping; management agreements; unlicensed employees.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-135.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C57_A1_S40-57-70. Check the current official text before relying on it. Not legal advice.