S.C. Code Regs. § 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.
Notes
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