(b) "Gross income for agents" means gross commissions received or retained. If commissions are divided with other brokers or agents, then only the amount retained by the broker or agent is considered gross income. SECTION 6-1-315. Limitation on imposition or increase of business license and real estate professional and auctioneer fees. (A) By ordinance adopted… Continue Reading Biz License FAQ
SECTION 6-1-650. Notice of dropped rental property. Real estate agents, brokers, corporations, or listing services required to remit fees under this section must notify the appropriate governing body if rental property, previously listed by them, is dropped from their listings. HISTORY: 2014 Act No. 188 (S.503), Section 1, eff June 2, 2014. Posted by: Byron… Continue Reading property management faq
SECTION 6-1-560. Real estate agents required to report when rental property listing dropped. Real estate agents, brokers, corporations, or listing services required to remit taxes under this section must notify the appropriate local governmental entity or entities if rental property, previously listed by them, is dropped from their listings. HISTORY: 1997 Act No. 138, Section… Continue Reading Property Management info
https://www.nar.realtor/about-nar/grants-and-funding/legal-action-program Posted by: Byron King on 12/06/22 (This information is only accurate as of 12/06/22. You must contact SCR for updates and changes to this information after 12/06/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading NAR Legal Action Funding Information
https://www.nar.realtor/videos/window-to-the-law/legal-issues-for-teams State License Laws - team advertising must not give false impression of a standalone brokerage and must use the brokerage/company name in all advertising BIC Supervising associated licensees and teams, have copy of team agreement drafted by lawyers Employment Law/Policy (classifications...generally salespersons are often independent contractors and control can create non-licensed administrative employees or… Continue Reading NAR Legal: A BIC’s Team Risk Management Video
Favorite Interior Design Trend by Decade The latest home design fads often are inspired by the past. Find out the trends from years ago that are among consumers’ favorites. Design Trends Powered by WPeMatico
Instant Reaction: Mortgage Rates, December 1, 2022 The rate on a 30-year fixed mortgage fell to 6.49% from 6.58% the previous week, dropping the median mortgage payment by $140 in the last three weeks. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
Instant Reaction: Jobs, December 2, 2022 Even with the increasing number of layoffs in some industries, the overall job market remains strong. By: Lawrence Yun Powered by WPeMatico
October Pending Home Sales Down; Qualifying Harder October 2022's pending home sales pace weakened by 4.6% last month and fell 37.0% from a year ago. By: Michael Hyman Powered by WPeMatico
1. Q3 Risk Report The new Q3 Risk Report from the NAR Insurance Program is now available, and attached to this post. This quarter we're taking a deep dive into workplace safety. This issue covers: Legal requirements for workplace safety; Guidance for assessing threats of workplace violence; Best practices for workplace safety; NAR resources for… Continue Reading NAR Risk Management Issues (12/6/22 Employment Law Webinar)