How Do Judges Interpret Real Estate Contracts? In construing a contract, the primary objective is to ascertain and give effect to the intention of the parties. Contracts should be liberally construed so as to give them effect and carry out the intentions of the parties. The parties' intention, must in the first instance, be derived… Continue Reading Judges and Contracts
What are the Remedies for a Breach of Contract of SCR Standard Foms? Firstly, the SCR standard forms encourage disputants to settle their contract disputes instead of expensive/lengthy/uncertain of outcome litigation/appeals. The SCR standard forms require an attempt at voluntary mediation settlement prior to litigation proceeding. Parties can self settle or mediate a settlement. Lawyers… Continue Reading Contract Remedies
HOA Collecting Dog DNA HOA snoop dog DNA to catch owners who do not scoop dog waste. http://www.news4jax.com/news/fight-over-dna-testing-dog-feces-continues/22924154 Posted by : Byron King on 5/8/18 (This information is only accurate as of 5/8/18. You must contact SCR for updates and changes to this information after 5/8/18 as laws and regulations may change over time. SCR… Continue Reading HOA’s on the Prowl/Howl
Carbon Monoxide Detector Alarms in SC Building Code Now Fossil fueled equipment can increase risk of occupant death from deadly carbon monoxide gas if not venting and operating properly. Some examples of fossil fueled equipment: HVAC, water heater, pool heater, vehicle/generator running in a garage, kitchen stove/oven. http://www.collinsandlacy.com/updated-south-carolina-building-and-fire-codes-include-carbon-monoxide-alarm-requirements-aimed-at-protecting-against-the-silent-killer/ Posted by : Byron King on 5/8/18… Continue Reading CO2 Issues
NC hog farm neighbors awarded $50 million for smells. http://www.newsobserver.com/news/business/article209927914.html SC seller disclosure asks about "atmosphere" problems/conditions/characteristics/defects in question #20 http://www.llr.state.sc.us/POL/REC/RECPDF/Property%20Condition%20Disclosure%20Statement.pdf Posted by : Byron King on 5/9/18 (This information is only accurate as of 5/9/18. You must contact SCR for updates and changes to this information after 5/9/18 as laws and regulations may change… Continue Reading Smells
Section 1: SCR505 is sent from the Seller side to the SCR504 Buyer when a subsequent buyer exists and Seller desires to put Buyer "on the clock" per the SCR504 timetable for a subsequent buyer who is not asking for a sale of buyer's property contingency (e.g. SCR504). https://screaltors.org/wp-content/uploads/Forms/505.pdf Once Buyer side receives a SCR505… Continue Reading SCR505 Buyer Sale Contingency Notice
Page one of SCR310 Section 2 has checkboxes if the deal is contingent upon buyer selling other real property and if SCR504 is attached. SCR504 can be used when the buyer needs/desires to sell their real property before closing on the subject property. https://screaltors.org/wp-content/uploads/Forms/504.pdf Section 1: Describe the Buyer's other Property and Address on which… Continue Reading SCR504 – Sale of Buyer’s Property Contingency
Ixact Contact is a software company that offers CRM and email marketing products to real estate professionals. It’s hosting a webinar on Tuesday, May 22, at 2 p.m., Eastern time, on using its CRM product to grow your business. Shannon McGee, the company’s sales manager, is the speaker. From Ixact: Wondering exactly how a real… Continue Reading Sponsor Webinar: Growing Your Business With a Real Estate CRM
Listing reps should alert sellers to secure all opioid drugs and painkillers and all prescription drugs at all times during the listing. All drugs, alcohol, chemicals, poisons, etc. should be safely stored. There are sometimes children with parents who are potential buyers viewing the property. Valuables, weapons, identity theft info, sentimental items, pilferable items should… Continue Reading Opioid Crisis, Listings
The SCR620 earnest money disclosure form is used to reinforce earnest money issues when BIC is holding earnest money in addition to SCR310 residential contract's earnest money section which states earnest money issues. SCR620 is useful to remind buyers and sellers that BIC held earnest money requires some legal formalities prior to disbursement. https://screaltors.org/wp-content/uploads/Forms/620.pdf LLR… Continue Reading Earnest Money Disclosure Form SCR620