NAR released a summary of existing-home sales data showing that housing market activity this September was down 3.4 percent from last month, and dropped 4.1 percent from last year. September’s existing-home sales reached a 5.15 million seasonally adjusted annual rate, which was the lowest since November 2015 when the index reached 4.78 million. The national… Continue Reading September 2018 Existing-Home Sales
"CHAPTER 30 Homeowners Associations Article 1 South Carolina Homeowners Association Act Section 27-30-110. This article may be cited as the 'South Carolina Homeowners Association Act'. Section 27-30-120. As used in this article: (1) 'Board' means the representative body, regardless of name, designated in the governing documents to act on behalf of a homeowners association and… Continue Reading New HOA Laws
https://www.scstatehouse.gov/query.php?search=DOC&searchtext=3886&category=LEGISLATION&session=122&conid=10940687&result_pos=0&keyval=1223886&numrows=10 Posted by : Byron King on 10/19/18 (This information is only accurate as of 10/19/18. You must contact SCR for updates and changes to this information after 10/19/18 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)
Star Wars scents, a hurricane-proof house, productivity tips, a shipping container Starbucks and much more compiled by Anne-Marie Siudzinski, Senior Library Information Specialist. This way to Bob’s house. When should we put up the Halloween Christmas Tree ? How about the Twelfth of Never? Increase your productivity and focus with these tips from Fast Company.… Continue Reading What We’re Reading–October 15-19
As of October 17, 2018: Both the SCR Executive Committee and Board of Directors approved: 1. The legal hotline will (when practical/appropriate) begin to email a follow up to calls/texts/conversations. CC'd in the email will be the BIC. This is to increase professionalism by harnessing the experience, education, and problem-solving of the BIC. There is… Continue Reading Legal and Ethical News
Earlier this week, during an address to the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C, Treasury Department Secretary Deputy Craig Phillips reiterated a Trump administration priority to end the conservatorship of Fannie Mae and Freddie Mac. NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued… Continue Reading Realtors® Applaud Administration’s Calls to End Conservatorship
With rates rising and home price growth starting to slow, I started to consider how much income is used towards housing in this current economic climate. Mortgage rates are trending upwards to near the highs of 2011 at 4.98 percent, home prices are still rising but at a slower pace, and the median income has… Continue Reading How much of my income goes towards housing?
When a landlord and their law firm want to deny an animal for a disabled potential tenant, here are some issues. These types of animals are not to be considered pets and not to be subject to "no pets" and pet fees and pet rents and pet deposits. NAR White Paper on this issue: https://realtorparty.realtor/state-local-issues/issues/issues/fair-housing-ada-reasonable-accommodations-with-service-animals… Continue Reading When Landlords and their Law Firm Want to Deny Service Animals and Comfort Animals and Emotional Support Animals
Photo Credit: Crate and Barrel By Laura Love Bardell, guest contributor This year in home decor, green is really having a moment. Far from being a short-lived trend, however, this verdant color is definitely here to stay. Luckily for us, green goes with just about everything, and it’s easy to incorporate into any room of… Continue Reading It’s Easy Being Green: How to Add This Year’s Hottest Hues of Green to Your Décor
US Supreme Court case: https://magazine.realtor/sites/realtormag.realtor.org/files/Decision-Quicken.pdf Don't charge junk fees. Justify your fees. MLS rules require unconditional offers of compensation to cooperating participants. Lawyer drafted agreements signed outside of MLS and agreed between brokerages can control compensation. Posted by : Byron King on 10/12/18 (This information is only accurate as of 10/12/18. You must contact SCR… Continue Reading Admin Fees, Be Able to Justify, Put into Signed Document Agreements