Each license issued is for an indefinite term unless revoked or suspended. If the biennial license fee of a broker is not paid at the time and in the manner the department provides by regulation, the license must be canceled. If the license is to be reinstated, an original application must be filed and a reinstatement fee equal to the biennial license fee unpaid must be paid in addition to the regular biennial license fee.
S.C. Code Ann. § 38-45-50
Duration of broker's license; nonpayment of license fee
Former 1976 Code SECTION 38-45-50 [1947 (45) 322; 1952 Code SECTION 37-805; 1962 Code SECTION 37-805; 1964 (53) 2054] recodified as SECTION 38-17-50 by 1987 Act No. 155, SECTION…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.