Legal FAQs

https://llr.sc.gov/re/RECPDF/RealEstateNewsletter_October2019.pdf Information on earnest money disbursement. Risk management tip from SCR: use a trusted SC law firm as escrow agent and always get the lawyer to draft an escrow agreement upfront which states how the money is disbursed in a closing and failed closing. Warning: LLR has prosecuted BICs for disbursing without a release/disbursement agreement/order… Continue Reading October 2019 LLR SC Real Estate Commission Newsletter

https://www.nar.realtor/commitment-to-excellence And you get a suitable for framing downloadable certificate upon completing your Commitment to Excellence C2EX coursework. Posted by: Byron King on 10/23/19 (This information is only accurate as of 10/23/19. You must contact SCR for updates and changes to this information after 10/23/19 as laws and regulations may change over time. SCR 803-772-5206… Continue Reading FREE NAR online self paced course: Commitment to Excellence

November 6, 2019 SC Department of Consumer Affairs presents an HOA webinar at 2 pm. Read HOA information and register for this webinar at this website: https://consumer.sc.gov/HOA-Ed Homeowners Association Education Released; Webinar November 6th COLUMBIA, S.C. – South Carolina consumers who live in neighborhoods under homeowners associations (HOA) or those who serve on association boards… Continue Reading SC Government: HOA Information

Posted by NAR: U.S. Department of Labor (“DOL”) published its Final Overtime Rules (“Final Rules), amending the Fair Labor Standards Acts overtime provisions, which will take effect January 1, 2020. Below is a list of items you’ll want to keep in mind regarding the Final Rules: 1) Minimum Salary Level - The new minimum salary… Continue Reading NAR Overtime Rules if you Have Employees

https://www.fema.gov/podcast Posted by: Byron King on 10/15/19 (This information is only accurate as of 10/15/19. You must contact SCR for updates and changes to this information after 10/15/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

https://realtorparty.realtor/about-us/long-awaited-fha-condo-rules-go-into-effect-oct-15?utm_source=rpnews&utm_medium=email&utm_campaign=rpNews1019 Posted by: Byron King on 10/10/19 (This information is only accurate as of 10/10/19. You must contact SCR for updates and changes to this information after 10/10/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

https://magazine.realtor/daily-news/2019/10/09/california-tightens-up-on-rent-control Posted by: Byron King on 10/10/19 (This information is only accurate as of 10/10/19. You must contact SCR for updates and changes to this information after 10/10/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

Case #1-4: Fidelity to Client Client A contacted REALTOR® B to list a vacant lot. Client A said he had heard that similar lots in the vicinity had sold for about $50,000 and thought he should be able to get a similar price. REALTOR® B stressed some minor disadvantages in location and grade of the… Continue Reading Ethics Case 1-4: You Decide: Unprofessional NAR Ethics Violation or No Ethics Violation

https://www.nar.realtor/national-flood-insurance-program/state-flood-hazard-disclosures-survey Posted by: Byron King on 10/08/19 (This information is only accurate as of 10/08/19. You must contact SCR for updates and changes to this information after 10/08/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

https://www.nar.realtor/window-to-the-law/flood-insurance-and-disclosures Posted by: Byron King on 10/08/19 (This information is only accurate as of 10/08/19. You must contact SCR for updates and changes to this information after 10/08/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)