SCR is updating the forms libraries. https://screaltors.org/wp-content/uploads/Forms/110.pdf LLR SCREC approved the updated SCDREBR on 12/11/24 and posted on 12/19/24. Always properly use SCR110 (e.g., explain, sign, copies) whenever you communicate orally or in writing with a consumer about real estate and before you show properties (e.g., in person showings, virtual showings) to comply with license [...]
LLR SCREC Posts Updated SCDREBR aka SCR110 https://llr.sc.gov/re/recpdf/Doc170%20SC_Disclosure_of_Real_Estate_Brokerage_Relationships.pdf SCR legal video on this issue: https://www.youtube.com/watch?v=beqJDN3e838 On Thursday Dec 19, 2024, the LLR SCREC posted their updated SCDREBR aka SCR110. The SCR forms libraries are currently being updated for this update. On Wednesday Dec 11, 2024 the REC voted unanimously to approve an updated version of [...]
https://www.nar.realtor/videos/risk-management-webinar-series/2025-nar-insurance-program-overview This information is only accurate as of 12/16/24. You must contact SCR for updates and changes to this information after 12/16/24 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 information is intended only to provide [...]
https://www.maynardnexsen.com/publication-fincen-announces-compliance-with-cta-is-voluntary-following-nationwide-injunction This information is only accurate as of 12/09/24. You must contact SCR for updates and changes to this information after 12/09/24 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 information is intended only to provide [...]
https://llr.sc.gov/re/News/Wholesaling-Assignment-of-Contracts-Guidance.pdf This information is only accurate as of 12/09/24. You must contact SCR for updates and changes to this information after 12/09/24 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 information is intended only to provide [...]
NAR on FinCEN BOI, court hold: On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction enjoining the federal government from enforcing the Corporate Transparency Act (CTA). This means the Financial Crimes Enforcement Network (FinCEN), as part of the Treasury Department, cannot currently enforce the Beneficial [...]
Beware paid sites for FinCEN. Hotline is hearing of $300+ charges for filing. The government's filing website is free: https://fincen.gov/boi NAR has a webinar on December 10. https://www.nar.realtor/washington-report/real-estate-compliance-webinar-on-the-fincen-beneficial-ownership-rule A court just put a hold that NAR will discuss December 10 or sooner: https://www.maynardnexsen.com/publication-texas-district-court-issues-injunction-blocking-beneficial-ownership-information-reporting-requirements-under-the-corporate-transparency-act This information is only accurate as of 12/03/24. You must contact SCR [...]
https://www.youtube.com/watch?v=6BYU1Kaltaw This information is only accurate as of 12/02/24. You must contact SCR for updates and changes to this information after 12/02/24 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 information is intended only to provide [...]
https://www.nar.realtor/washington-report/real-estate-compliance-webinar-on-the-fincen-beneficial-ownership-rule Brokerages can easily input their corporate information on the fed website for FINCEN BOI. You do not need a FINCEN # to complete the online registration for FINCEN BOI. FINCEN BOI registration is due by the end of the year, January 1, 2025. NAR legal says that non-profits are exempt. This information is only [...]
https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/educational-resources This information is only accurate as of 11/26/24. You must contact SCR for updates and changes to this information after 11/26/24 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 information is intended only to provide [...]