The SC seller disclosure documents (SC RPCDS) are a great liability shield for sellers and brokerages (e.g. statutory, case law). The seller is in the best position of others in the transaction to have the best knowledge of all the owners association issues. While designed for typical residential transactions, the RPCDS can be used in… Continue Reading SC Seller Disclosure Laws
In addition to disclosing in advertising/MLS, the seller can also disclose in the seller disclosure documents (e.g. rental management company contact info, info on future rentals). Seller disclosure has leasing questions. ARTICLE 2 The South Carolina Vacation Rental Act SECTION 27-50-210. Short title. This article may be cited as the "South Carolina Vacation Rental Act".… Continue Reading SC Vacation Rental Act
Fatal selfies, lawn art, corn mazes, an environmentally friendly doghouse and more compiled by Anne-Marie Siudzinski, Senior Library Information Specialist. How to move an entire town. Living in a compact penthouse. What can you do with a pile of autumn leaves? Make lawn art, of course! Heath Cajandig/flickr/2013 Would you trust a robot to… Continue Reading What We’re Reading: October 1-October 5
SCR contract discusses leased/financed issues in Section 3 (property) and Section 4 (conveyance - clear title without liens) and Section 22 Adjustments (proration/etc): Section 3: Buyer acknowledges opportunity to inquire about owners association issues, common area issues, condominium master deed issues, assigned parking/storage areas, memberships, lease issues and financed equipment prior to signing Contract. Leasing… Continue Reading Leased/Financed solar panels, alarm systems, fuel tanks, tenants, future vacation renters
HVAC issues will become more important for consumers as EPA regulations on refrigerant changes post 2020. https://www.epa.gov/ods-phaseout/purchasing-and-repairing-home-air-conditioners-or-heat-pumps Posted by : Byron King on 10/04/18 (This information is only accurate as of 10/04/18. You must contact SCR for updates and changes to this information after 10/04/18 as laws and regulations may change over time). SCR 803-772-5206… Continue Reading Summer is Coming
In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 29 days, just a day shorter time compared to one year ago (30 days), according to the August 2018 REALTORS® Confidence Index Survey.[1] This indicates that in many states, the supply of homes for sale is still inadequate compared… Continue Reading In Which States Did Properties Sell Most Quickly in August 2018?
Here are some NAR mediation and ombudsman (ethics mediation) training videos. Congratulations to the 2018 SCR mediation school graduates and SCR ombudsman school graduates. Thank you to the instructor, Stephanie Walker! Great job! https://www.youtube.com/user/NAREALTORS/search?query=mediation Posted by : Byron King on 10/03/18 (This information is only accurate as of 10/03/18). You must contact SCR for updates… Continue Reading Mediation and Ethics Mediation (ombudsman)
The big win for real estate in last year’s tax reform law is the new 20 percent business income deduction. You take it on your net pass-through income. Pass-through income is what most real estate professionals earn. If you’re an independent contractor or if you’ve structured yourself as a sole proprietor, your income is considered… Continue Reading How to Factor 20% Deduction Into Your 2018 Estimated Quarterly Payments
By Melissa Dittmann Tracey, REALTOR® Magazine So you don’t typically think of concrete as a decor item inside your home but something more reserved for your driveway or a home’s foundation. It can be a cold, harsh surface. So, why are so many designers now using it in the design of interior spaces? The faux… Continue Reading The Concrete Craze in Home Design
Left turn danger, unwanted iPhone apps, THE cutest sheep, Over-the-top decorating and more compiled by Donna McCormick, Budget & Operations Manager. Who knew there was so much danger in left turns? I need to book a flight to France ASAP! 9 Ways Being Single Can Improve Your Life. Delete those iPhone apps you don’t really… Continue Reading What We’re Reading: September 24-28