Governor Haley to sign South Carolina REALTORS® Point of Sale bill Monday

COLUMBIA, S.C. – August 12, 2011 – (RealEstateRama) — South Carolina REALTORS® (SCR) President Rusty Garrett will join Governor Nikki Haley and other business leaders at Daniel Island Real Estate on Monday, August 15 at 10:30 am for a ceremonial bill signing of H.3713, the Point of Sale bill. The bill passed this summer, shortly after an economic analysis revealed eliminating Point of Sale reassessments could increase investment in South Carolina real estate upward of $2.4 billion, resulting in a direct impact on jobs and the economy.

Majority Leader Harvey Peeler and Senators Hugh Leatherman, Paul Campbell and Tom Davis, along with Speaker Bobby Harrell and Representatives Jim Merrill, Alan Clemmons and Liston Barfield, among others, supported H.3713.

“We are very thankful to our South Carolina legislators for realizing the importance of this issue and its effect on South Carolina’s economy. South Carolina is open for business again and we are excited to have supported this legislation that will create jobs and spur growth while making our state more competitive,” said SCR CEO, Nick Kremydas.

The bill signing will be held at Daniel Island Real Estate, 101 Riverlanding Drive, Charleston. All members of the media are invited to attend.

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South Carolina REALTORS® (SCR) is the largest professional trade association in the state, serving as the voice of real estate for more than 14,000 members involved in all aspects of the residential and commercial real estate industries. REALTOR® is a registered trademark that identifies a professional in real estate who subscribes to a strict code of ethics as a member of SCR and the National Association of REALTORS®.