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Competition and Real Estate by State

South Carolina South Carolina

Positive icon Allows choice of brokerage services
Positive icon Allows brokers to offer rebates to consumers

Previously, South Carolina state law prohibited a real estate broker from paying a rebate to any unlicensed individual, apparently to prevent unlicensed individuals from acting as real estate brokers. In June 2006, the South Carolina Legislature changed the law, which now clarifies that real estate brokers may pay consumers rebates as long as they do not pay unlicensed persons to perform real estate services.

Learn more about:

Brokerage services: Discount Brokers Can Make Selling a Home Less Costly

Rebates: Rebates Make Buying a Home Less Expensive

Press Releases

May 2, 2008

Justice Department Files Lawsuit Against Consolidated Multiple Listing Service of South Carolina for Restraining Competition Among Real Estate Brokers

October 16, 2007

Justice Department Reaches Settlement with the Multiple Listing Service of Hilton Head Island Inc.

Case Filing

U.S. v. Consolidated Multiple Listing Service, Inc.

U.S. v. Multiple Listing Service of Hilton Head Island, Inc.

Related document on the Internet:

South Carolina Code § 40-57-145(11) allows brokers to pay rebates to consumers

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