Listing agents must always properly respond to all offers in writing/ewriting. Proper responses can include: Seller acceptance Seller counter offer Seller rejection Seller rejection with an invitation for all competing buyers to submit their highest and best terms offer by a deadline for the seller to consider All seller rejections require properly using the LLR… Continue Reading Listing Agents Always Properly Respond to Offers
https://www.nar.realtor/the-facts/consumer-guide-seller-disclosures FYI - few buyers sue sellers and agents for over disclosure of issues. The SC state government's seller disclosure form aka SCR230 aka LLR SCRPCDS has statutory and case law protections for sellers and buyers and agents when handled properly. The SCRPCDS is designed for residential properties and contains questions and issues commonly found… Continue Reading NAR Consumer Guide, Seller Disclosures
https://www.nar.realtor/legal/hot-topics-for-brokers This information is only accurate as of 3/5/25. You must contact SCR for updates and changes to this information after 3/5/25 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… Continue Reading Hottest Hot Topics for Brokers, BIC’s from NAR
https://www.nar.realtor/legal/nar-insurance-program/employment-practices-legal-hotline This information is only accurate as of 3/5/25. You must contact SCR for updates and changes to this information after 3/5/25 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… Continue Reading NAR HR Hotline
The Treasury Department and Financial Crimes Enforcement Network (FinCEN) recently announced that it will suspend enforcement actions related to compliance with the Corporate Transparency Act at this time. FinCEN nor Treasury will take any action against reporting companies and owners for failure to file any Beneficial Ownership Information (BOI) reports by March 21, 2025. FinCEN… Continue Reading NAR on CTA FinCEN BOI, no enforcement news 3/21/25, new deadlines coming
We wanted to let you know that, earlier today, the US Court of Appeals for the Ninth Circuit ruled in NAR's favor by denying Real Estate Exchange's (REX) appeal in the REX v. Zillow et al case. This is an important win that validates our position in this antitrust litigation. REX initially filed suit against… Continue Reading NAR News on Win REX Appeal, Co Mingling
https://www.nar.realtor/washington-report/fincen-update-regarding-a-new-interim-rule-lack-of-enforcement This information is only accurate as of 3/3/25. You must contact SCR for updates and changes to this information after 3/3/25 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… Continue Reading NAR Washington Report News on CTA, FinCEN, BOI, no fines/penalties USA
https://home.treasury.gov/news/press-releases/sb0038 This information is only accurate as of 3/3/25. You must contact SCR for updates and changes to this information after 3/3/25 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… Continue Reading FinCEN, US Treasury Weighs In on BOI, CTA, No fines/penalties USA
Some SCR forms FAQs from 2/26/25.... SCR504 is not a mandatory addendum to SCR310 contract. SCR504 is a SCR form that helps when the buyer needs/wants to sell another property prior to buying the subject property. Most of SCR310 addendums/contingencies could be replaced with a proper due diligence section in SCR310 (e.g., long enough length,… Continue Reading Forms FAQs, SCR110, SCR310 due diligence, SCR504, Broker’s lawyer drafted proprietary forms
https://www.youtube.com/watch?v=t6HoSTqjU8M This information is only accurate as of 2/24/25. You must contact SCR for updates and changes to this information after 2/24/25 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… Continue Reading SCR Grievance Committee Video – Sarah Takacs