https://llr.sc.gov/re/FAQ_Renewal.aspx
(C) A license only may be renewed in accordance with procedures established by the commission pursuant to Section 40-1-50(D). A licensee is responsible for renewing his license whether or not he receives notice.
(D) A license that is not renewed before its expiration date lapses. Further practice may be sanctioned as unlicensed practice and subject to disciplinary action by the commission pursuant to Sections 40-57-710, 40-57-720, and 40-57-725.
(E) A license that has lapsed and is not reinstated by the last day of the twenty-fourth month following expiration is canceled.
(C) A broker or associate who takes more than the required number of hours during a two-year period may carry forward up to four hours of elective courses to another renewal period.
Section 40-57-780. A real estate broker, associate, or property manager who fails to renew or register a license and continues to engage in the business permitted pursuant to the license is guilty of a misdemeanor and, upon conviction, must be fined not more than five hundred dollars or imprisoned not more than six months, or both.
(21) "Lapsed license" means the termination of a person’s authorization to practice under this chapter due to the person’s failure to renew his license within the renewal period but before the license is canceled.
(9) "Canceled license" means a license that is invalidated, can no longer be reinstated or renewed, and requires an individual seeking to be licensed again after cancellation of his prior license to reapply and meet current licensure requirements.
(B) A licensee may place a license on inactive status by informing the commission in writing. To maintain an inactive license status, the license must be renewed in the same manner as provided for active license renewals. Upon proper compliance with the renewal requirements, a license may remain on inactive status for an indefinite period of time. An individual seeking to reactivate a license shall apply for the same license classification which was placed on inactive status, pay the appropriate fee, and meet the continuing education requirements as prescribed.
(1) Inactive licensees are prohibited from practicing real estate brokerage as defined in this chapter and regulations.
(2) The status of an associate, broker, or property manager license can be verified on the commission’s website or by contacting commission staff.
(3) Licensees seeking to change their license classification shall adhere to the procedures provided by the commission in regulations.
(4) An individual seeking to reactivate an inactive license shall meet the reactivation requirements as prescribed in regulations.
(C) A license only may be renewed in accordance with procedures established by the commission pursuant to Section 40-1-50(D). A licensee is responsible for renewing his license whether or not he receives notice.
(D) A license that is not renewed before its expiration date lapses. Further practice may be sanctioned as unlicensed practice and subject to disciplinary action by the commission pursuant to Sections 40-57-710, 40-57-720, and 40-57-725.
Posted by: Byron King on 06/03/24 (This information is only accurate as of 06/03/24. You must contact SCR for updates and changes to this information after 06/03/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.