What is the consequence of failing to renew your real estate license on time?

Failing to renew a real estate license on time in South Carolina does not result in a permanent loss of the license, but rather, it requires the individual to cease operations until the renewal is completed. However, the state allows for a grace period of up to six months during which the license can be renewed. During this time, the licensee cannot conduct any business related to real estate activities. This structure is intended to provide a cushion for licensees to correct their oversight without facing the severe consequence of losing their license entirely.

In contrast, the other options mention continued operations or permanent loss of the license, which do not align with the regulatory framework established by South Carolina. This framework allows for a process that recognizes unintentional lapses while maintaining the integrity and standards of the profession.