AN ACT TO AMEND SECTION 40-57-120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AUTHORITY OF THE REAL ESTATE COMMISSION TO RECOGNIZE NONRESIDENT REAL ESTATE LICENSES ON ACTIVE STATUS FROM OTHER JURISDICTIONS WHICH RECIPROCATE, SO AS TO PROVIDE THE COMMISSION MAY ENTER INTO RECIPROCAL AGREEMENTS WITH REAL ESTATE REGULATORY AUTHORITIES OF OTHER JURISDICTIONS THAT PROVIDE WAIVERS OF EDUCATION REQUIREMENTS OR EXAMINATIONS IF THE COMMISSION CONSIDERS THE EDUCATION AND EXAMINATION REQUIREMENTS OF THE OTHER JURISDICTION TO BE SUBSTANTIALLY EQUIVALENT TO THE REQUIREMENTS OF THE COMMISSION. - ratified title