Michael Crist

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SC Courts: Builder

2026-03-24T10:06:39-05:00March 24th, 2026|Legal FAQs|

https://www.postandcourier.com/business/real_estate/johns-island-homes-eastwood-lawsuit-contract/article_e6a9e363-5dd1-48d6-810d-676a4c98b4ec.html Posted by: Byron King on 3/24/26 (This information is only accurate as of 3/24/26. You must contact SCR for updates and changes to this information after 3/24/26, 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… Continue Reading SC Courts: Builder

SCR Forms 3/9/26 Update Videos (Town Halls x2, SCR 120, 130, 220)

2026-03-23T16:09:10-05:00March 23rd, 2026|Legal FAQs|

Here are some videos on the 3/9/26 SCR forms updates that might be helpful. Here are the two broadcast town halls on the forms updates: https://www.youtube.com/watch?v=izjfKltWHkI https://www.youtube.com/watch?v=wgpzOK7sRMI Here are the three SCR forms Walkthrough videos broadcast as of today: SCR120 Compensation Agreement [Seller/FSBO to Buyer Broker] https://www.youtube.com/watch?v=AIuJ_Fkhyog SCR220 Exclusive Right to Sell Listing Agency Agreement… Continue Reading SCR Forms 3/9/26 Update Videos (Town Halls x2, SCR 120, 130, 220)

SCR Forms Walkthrough (120, 130, 220) March 9, 2026 updates covered.

2026-03-23T15:02:54-05:00March 23rd, 2026|Legal FAQs|

SCR120 Compensation Agreement [Seller/FSBO to Buyer Broker] https://www.youtube.com/watch?v=AIuJ_Fkhyog SCR220 Exclusive Right to Sell Listing Agency Agreement [SCR210 Exclusive Agency Listing Agency Agreement is similar but allows the seller to seek buyers alongside the Listing Brokerage.] https://www.youtube.com/watch?v=l5t3hDmIJeo SCR130 Exclusive Right to Buy Buyer Agency Agreement. [SCR135 Exclusive Agency Buyer Agency Agreement is similar, but allows the buyer… Continue Reading SCR Forms Walkthrough (120, 130, 220) March 9, 2026 updates covered.

LLR SCREC Alert: Guidance Letter, Documenting Earnest Money at Lawyer’s Trust Account

2026-03-23T12:29:52-05:00March 23rd, 2026|Uncategorized|

The South Carolina Real Estate Commission (SCREC) issued a new guidance letter this week addressing how to handle trust funds held by an outside party (like an attorney or escrow agent) rather than the brokerage. Here is a quick overview: The Legal Requirement: Per S.C. Code §40-57-136(H), licensees are legally responsible for ensuring that trust… Continue Reading LLR SCREC Alert: Guidance Letter, Documenting Earnest Money at Lawyer’s Trust Account

SCR130 ERTB BAA Video Walkthrough (exclusive right to buy, buyer agency agreement)

2026-03-23T12:23:08-05:00March 23rd, 2026|Legal FAQs|

SCR130 ERTB BAA Video Walkthrough (exclusive right to buy, buyer agency agreement) https://www.youtube.com/watch?v=5_qknommN7c Compensation agreement: Form 120: https://www.youtube.com/watch?v=AIuJ_Fkhyog Both of these updated on March 9, 2026. Posted by: Byron King on 3/23/26 (This information is only accurate as of 3/23/26. You must contact SCR for updates and changes to this information after 3/23/26, as laws… Continue Reading SCR130 ERTB BAA Video Walkthrough (exclusive right to buy, buyer agency agreement)

LLR SCREC alerts

2026-03-23T12:16:59-05:00March 23rd, 2026|Legal FAQs|

AlertConfirmation of Delivery of Trust Funds AlertLimited-Service Brokerage Practices Reminder AlertSame Brokerage, Different BIC Alert2025 Changes to Real Estate Practice Act AlertNo Builder’s Exemption in SC AlertA.I. Use AlertReminder of Advertising Restrictions AlertVideo on Office Inspections & How to Be Prepared AlertFraud Awareness & Prevention Techniques AlertImportant Board Information The Real Estate Commission regulates real… Continue Reading LLR SCREC alerts

LLR on trust funds, duties licensees under LLR SCREC

2026-03-23T12:16:10-05:00March 23rd, 2026|Legal FAQs|

https://llr.sc.gov/re/recpdf/Confirmation%20of%20Delivery%20of%20Trust%20Funds.pdf AlertConfirmation of Delivery of Trust Funds AlertLimited-Service Brokerage Practices Reminder AlertSame Brokerage, Different BIC Alert2025 Changes to Real Estate Practice Act AlertNo Builder’s Exemption in SC AlertA.I. Use AlertReminder of Advertising Restrictions AlertVideo on Office Inspections & How to Be Prepared AlertFraud Awareness & Prevention Techniques AlertImportant Board Information The Real Estate Commission regulates… Continue Reading LLR on trust funds, duties licensees under LLR SCREC

SCR forms training videos (SCR220 and SCR120)

2026-03-23T11:47:26-05:00March 23rd, 2026|Legal FAQs|

SCR220 ERTS LAA (exclusive right to sell listing agency agreement): https://www.youtube.com/watch?v=l5t3hDmIJeo SCR120 Compensation Agreement (Seller to Buyer Broker) Used with FSBO sellers and when sellers agree to help buyers with transaction costs such as some/all of the buyer brokerage fee (e.g., SCR130 ERTB BAA). https://www.youtube.com/watch?v=AIuJ_Fkhyog Posted by: Byron King on 3/23/26 (This information is only… Continue Reading SCR forms training videos (SCR220 and SCR120)

3/23/26: NAR on FinCEN Court Ruling on 3/19/26

2026-03-23T10:38:35-05:00March 23rd, 2026|Legal FAQs|

https://www.nar.realtor/washington-report/court-decision-on-fincen-residential-real-estate-rule Posted by: Byron King on 3/23/26 (This information is only accurate as of 3/23/26. You must contact SCR for updates and changes to this information after 3/23/26, 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… Continue Reading 3/23/26: NAR on FinCEN Court Ruling on 3/19/26

3/20/26: NAR Releases Statement on Pre-Marketing and Coming-Soon Listingsb

2026-03-23T10:05:40-05:00March 23rd, 2026|Legal FAQs|

3/20/26: NAR Releases Statement on Pre-Marketing and Coming-Soon Listings https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/nar-releases-statement-on-pre-marketing-and-coming-soon-listings Posted by: Byron King on 3/23/26 (This information is only accurate as of 3/23/26. You must contact SCR for updates and changes to this information after 3/23/26, as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron… Continue Reading 3/20/26: NAR Releases Statement on Pre-Marketing and Coming-Soon Listingsb

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