The bill, S. 496, is a joint resolution introduced in the South Carolina Senate to approve regulations set forth by the Department of Labor, Licensing and Regulation concerning the South Carolina Real Estate Appraisers Board. Specifically, it pertains to Regulation Document Number 5340, which aims to amend Chapter 137 in alignment with H.3278, legislation passed in 2024, and to implement various other changes. The resolution confirms that these regulations have been submitted to the General Assembly in accordance with Article 1, Chapter 23, Title 1 of the South Carolina Code of Laws.

Upon approval by the Governor, this joint resolution will take effect, thereby formalizing the proposed amendments and updates to the regulations governing real estate appraisers in South Carolina. The process for these amendments began with a Notice of Drafting published in the State Register on May 24, 2024, indicating the agency's intent to revise the existing regulations.