S.C. Code Regs. § § 79-44

Current through Register Vol. 48, No. 11, November 22, 2024

Section 79-44 - Retail Managers; Finance Managers

A. Persons designated as retail managers must be licensed as retail salespersons. A retail manager is any person who has the authority to act on behalf of a retail dealer in the management of a retail center or to supervise any function that requires a retail salesperson license.

B. Activities which indicate a person is a manager include, but are not limited to, the general supervision of a retail center, the authority to approve purchase agreements or other contracts, the practice of receiving funds on behalf of the retail dealer, the approval of advertising, and the hiring, firing, supervision or compensation of salespersons.

C. The retail manager is responsible under Section 40-29-150, concurrently with the retail dealer and salespersons, for any activities (1) carried out by the retail manager related to the operation of the retail center or (2) carried out by anyone acting in an area supervised by the retail manager.

D. Any person who holds himself out to a consumer as the retail dealer's representative for the purpose of obtaining financing falls under the definition of retail salesperson and must be so licensed.

S.C. Code Regs. § 79-44

Added by State Register Volume 29, Issue No. 2, eff February 25, 2005.