Current South Carolina Real Estate Income, Sales, and Trends

Just like any other career, you definitely have to weigh out your options just to make sure that real estate is the right path for you. It is vital to determine the pros and cons of being a real estate agent, but the most attractive part is how lucrative the job can be.

You can do it part-time or even full-time, and you will not regret the perks that come with it.

However, can you be your own real estate agent? Yes, you can as long as you have the right skill set, and you can even later on become a partner in a reputable firm.

How Lucrative Is the Real Estate Industry in South Carolina?

So, how much can you make a year as a real estate agent? Leading recruiters will be quick to point out that you can make as much as $90,000 in a single year or even more if you work in cities like Lexington.¹

You can even learn how to invest in real estate with little money and end up making a fortune. One more common concern from beginners is: are real estate agent fees tax deductible?

All the fees are normally regarded as deductible expenditures on your income tax returns, so tax will be deducted as usual.

Real Estate License Reinstatement and Mutual State Licensing Agreements in South Carolina

There is one more question about becoming a real estate agent in South Carolina. What if you already have a license from a different state?

Does SC have a mutual state licensing agreement, or will you have to go through all the application processes again to start practicing in SC? Good news for you.

South Carolina actually offers license reciprocity with virtually all the other states, and in addition to that, there are fewer requirements for you to meet to have the SC license.²

What you will do is take the South Carolina part of the real estate exam and, alongside that, submit all their licensure certifications from where they had their licenses. The rule is that you should have had your previous license 6 months before you apply for the SC license.