Michael Crist, Author at South Carolina REALTORS

Earnest Money Disputes, BIC Holding Earnest Money (Mediation/Litigation)

Michael Crist2018-09-13T08:49:18-05:00September 13th, 2018|Legal FAQs|

Here is the link to the SCR mediation information: https://screaltors.org/mediation/ Here is the link to the SCR mediator list: https://screaltors.org/wp-content/uploads/2017/11/MediatorPamphlet2016.pdf Recommend the parties seek legal counsel asap. The parties will talk and decide which mediator they want to hire and where/when to meet. Then, the parties will meet and split the money in some percentages… Continue Reading Earnest Money Disputes, BIC Holding Earnest Money (Mediation/Litigation)

Don’t Put Conditions (other than procuring cause) on Coop Compensation in MLS

Michael Crist2018-09-12T10:43:38-05:00September 12th, 2018|Legal FAQs|

Section 5, Compensation Specified on Each Listing, in the NAR Model MLS Rules provides in pertinent part that compensation “…offers are unconditional except that entitlement to compensation is determined by the cooperating broker’s performance as the procuring cause of the sale (or lease)…” It can be a potential MLS rules violation to do otherwise. Posted… Continue Reading Don’t Put Conditions (other than procuring cause) on Coop Compensation in MLS

Disaster Relief Resources

Michael Crist2018-09-12T08:38:32-05:00September 12th, 2018|NAR|

The National Weather Service has issued advisories for the Atlantic on Hurricane Florence, Hurricane Helene, and Tropical Storm Isaac. A state of emergency and mandatory evacuations have been ordered in the Carolinas, and a state of emergency has been ordered in D.C. The North Carolina REALTORS® have canceled the State of Real Estate and XCHANGE… Continue Reading Disaster Relief Resources

How to Win a Multiple-Offer Situation for Your Buyers

Michael Crist2018-09-12T04:05:56-05:00September 12th, 2018|NAR|

By Samantha Jones Multiple offers are the elephant in the room in today’s market. Let’s be honest, it’s a dog eat dog world out there. The majority of real estate markets are moving at supersonic speed. Forget Keeping Up with the Kardashians, we’re striving to keep up with the market. We want to give our… Continue Reading How to Win a Multiple-Offer Situation for Your Buyers

Be Very Careful About Using the ROD/MLS/GIS as Your Personal Lead Generation System

Michael Crist2018-09-11T16:25:17-05:00September 11th, 2018|Legal FAQs|

State law and the NAR code of ethics address your risks: State law: SECTION 30-2-50. Obtaining personal information from state agency, local government, or other political subdivision for commercial solicitation; penalty. (A) A person or private entity shall not knowingly obtain or use personal information obtained from a state agency, a local government, or other… Continue Reading Be Very Careful About Using the ROD/MLS/GIS as Your Personal Lead Generation System

Realtors Release 2018 Member Safety Report

Michael Crist2018-09-11T12:31:12-05:00September 11th, 2018|NAR|

As a part of Realtor® Safety Month, the National Association of Realtors® released its 2018 Member Safety Report, which surveyed over 3,000 Realtors®, members of the National Association of Realtors®, about how safe they feel while on the job, their personal safety experiences and the safety procedures they follow. The report found that nearly a… Continue Reading Realtors Release 2018 Member Safety Report

Storms and SCR310 and SCR311 due diligence addendum

Michael Crist2018-09-11T08:25:46-05:00September 11th, 2018|Legal FAQs|

First, the buyers can avoid being trapped into a deal with SCR311 due diligence addendum when the inspectors and contractors are not working for storm reasons (e.g. mandatory evacuation, roads impassable, weather interference, utilities are not functioning properly). Second, the SCR310 casualty section covers storm damages. Third, the SCR310 property section requires maintenance that can… Continue Reading Storms and SCR310 and SCR311 due diligence addendum

How to Understand Home Staging Pricing and Proposals: Do’s and Don’ts

Michael Crist2018-09-10T02:00:31-05:00September 10th, 2018|NAR|

By Audra Slinkey, Home Staging Resource A lot of real estate agents are looking for a good, reliable home stager that can magically transform their listings into the price point their seller is hoping to achieve. The trouble and confusion sometimes comes when the real estate professional asks a few home stagers to “bid” or… Continue Reading How to Understand Home Staging Pricing and Proposals: Do’s and Don’ts

What We’re Reading: September 3-September 7

Michael Crist2018-09-07T08:36:40-05:00September 7th, 2018|NAR|

A home in a cave, Dorothy’s ruby slippers, deadly books, new words, hexagons in outer space and life hacks. Would you want to live in a cave home? Sean Winters/flickr/2007 Finding a lost baseball mitt, 40 years later. Now Saturn has two hexagons–both mysterious. We love a good life… Continue Reading What We’re Reading: September 3-September 7

Homes Typically Sold in 27 Days in July 2018

Michael Crist2018-09-07T07:59:33-05:00September 7th, 2018|NAR|

Amid strong demand compared to homes for sale, REALTORS® reported that properties were typically on the market for 27 days, a shorter time compared to one year ago (30 days) and about the same level during the prior month (26 days), according to the July 2018 REALTORS® Confidence Index Survey.[1] During the May–July 2018, properties… Continue Reading Homes Typically Sold in 27 Days in July 2018

Michael Crist

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