https://www.alta.org/advocacy/advocacy-issues/ntraps-faq
(9) An agreement regarding residential real estate that is to be in effect for greater than one year and either expressly or impliedly purports to do any of the following is unenforceable and is considered to be done in bad faith, and a licensee involved in such an agreement is subject to disciplinary action by the commission:
(a) the agreement runs with the land or binds future owners or heirs of the residential real estate;
(b) the agreement allows for assignment of the right to provide service without notice to and consent of the owner of residential real estate; or
(c) the agreement creates a lien, encumbrance, or other real property security interest, or is otherwise recorded.
Posted by: Byron King on 10/29/26 (This information is only accurate as of 10/29/26. You must contact SCR for updates and changes to this information after 10/29/26, as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.