1. Forms 2. Other 3. Compensation 4. License law 5. Professionalism (ethics, arbitration, complaints, mediation) 6. Due diligence 7. Advertising 8. Broker in Charge BIC and office management 9. Earnest money 10.Agency Thanks to Shantee Albin CSR for the SCR legal hotline. Thanks to Alan Leichtle CFO/COO for the SCR & SCR legal hotline Zoho [...]
https://www.nar.realtor/videos/window-to-the-law/independent-contractor-status-update Use an independent contractor agreement. https://www.screaltors.org/wp-content/uploads/Forms/501.pdf Have lawyer drafted compensation agreements and separation agreements. Let independent contractors set their own work schedule (e.g., no required desk time) and provide their own work tools (e.g., car, phone, computer). Never refer to independent contractors as employees. The less brokerage control over the independent contractor while in [...]
SCR assisted a 6% assessment ratio taxpayer argue that they can file for their ATI discount at any time prior to the county reassessing all properties. The administrative deadline is before January 31 each year. SCR assisted the taxpayer's win in the SC Court of Appeals with a friend of the court brief filed. Recently, [...]
https://www.bleepingcomputer.com/news/security/loandepot-says-ransomware-gang-stole-data-of-166-million-people/ Posted by: Byron King on 01/22/24 (This information is only accurate as of 01/22/24. You must contact SCR for updates and changes to this information after 01/22/24 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 [...]
12-13-2023 - Opinions 6038 - Portrait Homes v. Pennsylvania National Mutual This very complicated case concerns insurance coverage under commercial general-liability insurance policies, including claims of bad faith, arising out of underlying construction defect lawsuits when Penn National Mutual Casualty Insurance Company asserts its insured, a subcontractor, did not notify it of the lawsuits and [...]
6044 - Susan Brooks Knott Floyd v. Elizabeth Pope Knott Dross In this declaratory judgment action, Appellant Elizabeth Pope Knott Dross (Betsy) seeks review of the circuit court's order granting partial summary judgment to Respondent Susan Brooks Knott Floyd (Susan). Betsy argues the circuit court erred by concluding that Susan had an express easement over [...]
https://www.sccourts.org/opinions/HTMLFiles/COA/6043.pdf Posted by: Byron King on 01/18/24 (This information is only accurate as of 01/18/24. You must contact SCR for updates and changes to this information after 01/18/24 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 [...]
https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/how-brokers-can-preserve-independent-contractor-status?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&lrh=f3d3398596de554c8ce28d0171fc77ec79f4cbe447d90ba1a9b8eade908d8477&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=C4AD366B-0C3A-4165-BA1D-0137D2AD270F Posted by: Byron King on 01/18/24 (This information is only accurate as of 01/18/24. You must contact SCR for updates and changes to this information after 01/18/24 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 [...]
NAR Acronyms ABR® Accredited Buyer Representative®, an NAR designation offered by REBAC for real estate buyer agents ADF Applicant Data Form, used to submit qualifications for RCE designation AE Association Executive, applies to all staff at a REALTOR® association (including the chief staff executive and staff specialists) AEC Association Executives Committee, an NAR committee comprised [...]
https://tsc-gis-wp1.schneidercorp.com/pickens/wp-content/uploads/sites/55/2022/01/25-Exemption-for-6-ATI-Conveyances-2024-11-7-23-1.pdf Posted by: Byron King on 01/17/24 (This information is only accurate as of 01/17/24. You must contact SCR for updates and changes to this information after 01/17/24 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 [...]