Michael Crist

About Michael Crist

This author has not yet filled in any details.
So far Michael Crist has created 4518 blog entries.

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

Reuters: FinCEN BOI News “Judge Strikes Down…”

2026-03-20T11:13:19-05:00March 20th, 2026|Legal FAQs|

https://www.reuters.com/legal/government/us-judge-strikes-down-rule-targeting-money-laundering-real-estate-2026-03-20/ Posted by: Byron King on 3/20/26 (This information is only accurate as of 3/20/26. You must contact SCR for updates and changes to this information after 3/20/26, 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 Reuters: FinCEN BOI News “Judge Strikes Down…”

SCR Forms Videos

2026-03-18T08:26:09-05:00March 18th, 2026|Legal FAQs|

RISK MANAGEMENT SCR Town Hall Update - New Listing Agreement and FinCEN SCR is updating its forms library and conducted a Town Hall to go over the most recent changes. Click the link below to watch it now. Some forms are available now and can be found at screaltors.org/forms (login required) or via your preferred… Continue Reading SCR Forms Videos

Go to Top