Michael Crist, Author at South Carolina REALTORS

Miscalculation of Square Footage = Half Million Dollar Judgment Against Brokerage

Michael Crist2018-10-30T08:50:19-05:00October 30th, 2018|Legal FAQs|

https://www.nar.realtor/legal-case-summaries/licensee-liable-for-negligent-statement Read the full decision: Slauson Avenue, LLC v. Thomas Gilleran (link is external) California appellate court affirms verdict against real estate professional who the court ruled had misstated a property’s square footage. A real estate professional (“Licensee”) informed the managing partner (“MP”) of an LLC (“Buyer”) about a property consisting of two residential and… Continue Reading Miscalculation of Square Footage = Half Million Dollar Judgment Against Brokerage

Be Careful Who You Deposit Large Earnest Money Deposits With, Agency and Vicarious Liability

Michael Crist2018-10-30T08:45:09-05:00October 30th, 2018|Legal FAQs|

https://www.nar.realtor/legal-case-summaries/franchisor-not-vicariously-liable Read the full decision: New Star Realty, Inc. v. Jungang PRI USA, LLC (link is external) Georgia appellate court reverses jury verdict that held the franchisor vicariously liable for actions of franchisee because there was no evidence to support the verdict against the franchisor. A residential and commercial real estate franchisor (“Franchisor”) based in… Continue Reading Be Careful Who You Deposit Large Earnest Money Deposits With, Agency and Vicarious Liability

Another Reason to Fill Out Page 8 of SCR310, Get Paid

Michael Crist2018-10-30T08:40:11-05:00October 30th, 2018|Legal FAQs|

A New York court denied a broker suing a seller for commission from a deal because the broker was working as an undisclosed dual agent. SCR310 page 8 is how REALTORS® can disclose their agency or non-agency position(s) in the transaction. SCR310 page 8 is how the clients and or customers in a transaction can… Continue Reading Another Reason to Fill Out Page 8 of SCR310, Get Paid

USA Real Estate Cases Summarized

Michael Crist2018-10-30T08:21:27-05:00October 30th, 2018|Legal FAQs|

Want to learn what is happening in courts across the USA regarding real estate? Read NAR legal summaries here: https://www.nar.realtor/legal-case-summaries Posted by : Byron King on 10/30/18 (This information is only accurate as of 10/30/18. You must contact SCR for updates and changes to this information after 10/30/18 as laws and regulations may change over… Continue Reading USA Real Estate Cases Summarized

Coming Together to Form a Diverse Whole

Michael Crist2018-10-29T16:06:02-05:00October 29th, 2018|NAR|

Do you ever get frustrated because attempts at working with others seem to get bogged down with the same issues? Whether you’re taking part in contentious negotiations in a real estate deal, trying to merge two different brokerages, or working on bringing disparate groups together in a committee or association context, it’s important to learn… Continue Reading Coming Together to Form a Diverse Whole

NAR Article on Buyer Injured at Illinois Property, Sues Listing Brokerage

Michael Crist2018-10-29T13:36:52-05:00October 29th, 2018|Legal FAQs|

If a buyer wants a roof inspection, recommend the buyer hire a roofing expert inspector and do not give the buyer a ladder to climb high to look at the roof because if the buyer falls and gets injured, the buyer's attorney might sue you. https://www.nar.realtor/legal-case-summaries/broker-not-liable-for-injuries-0 Broker Not Liable for Injuries October 24, 2018 Being… Continue Reading NAR Article on Buyer Injured at Illinois Property, Sues Listing Brokerage

Why Is This Hairy Chair Popping Up Everywhere?

Michael Crist2018-10-29T02:00:48-05:00October 29th, 2018|NAR|

By Melissa Dittmann Tracey, REALTOR® Magazine Love it or hate it, faux fur furniture is having a big moment in home design, and you’ll spot it creeping up in a lot more interiors lately. The faux fur trend started off as sheepskin throws over the sofa or as a fluffy accent pillow. But now that… Continue Reading Why Is This Hairy Chair Popping Up Everywhere?

How Delegating Can Take Your Business to the Next Level

Michael Crist2018-10-26T15:55:41-05:00October 26th, 2018|NAR|

By Brandon Doyle As the old adage says, it takes a village to raise a child. Why should running your real estate business be any different? When in a leadership role, such as broker-owner or team leader, it can be easy to feel like the weight of the company is resting on your shoulders and… Continue Reading How Delegating Can Take Your Business to the Next Level

September 2018 Pending Home Sales

Michael Crist2018-10-26T14:41:23-05:00October 26th, 2018|NAR|

NAR released a summary of pending home sales data showing that September’s pending home sales pace was up 0.5 percent last month but fell 1.0 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data… Continue Reading September 2018 Pending Home Sales

Access to Listed Property During Contract

Michael Crist2018-10-26T09:18:07-05:00October 26th, 2018|Legal FAQs|

SCR310 contract's Section 8 allows all sorts of inspections during the inspection period (e.g. home inspector, elevator inspector, pool inspector, hvac inspector, surveyor, engineer, contractor, roof expert, chimney sweep, electrician, plumber, well expert, septic expert, tree expert, soil expert, air quality inspector, asbestos expert, mold expert, radon expert, sprinkler expert, lawn expert, foundation expert, driveway… Continue Reading Access to Listed Property During Contract

Michael Crist

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