Legal FAQs

Listing Reps who receive a written offer or counteroffer from a buyer or buyer offer should timely and properly present the offer to the seller. Buyer Reps should always put offers and counteroffers in writing. REO servicer/sellers often are dealing with thousands of REO properties across the USA and rely on technology such as offer… Continue Reading Listing Rep Receive and Offer/Countoffer, Present to Seller, Respond to Buyer

SCR310 Section 28 states that the most recent changes, amendments, attachments, contingencies, stipulations, addendum, additions, exhibits, or writings agreed to by the Parties is evidence of the Parties' intent and agreement and shall control any Contract language conflicts. Parties shall initial and date Contract changes. Parties can initial all SCR310 pages. Changes on the SCR310… Continue Reading Initial SCR310 Pages and Copy Full Sentence into the SCR506/SCR507

Call SCR hotline if you have an animal issue. The laws in South Carolina are not settled. Don't be the test case unless you want to be the test case. NAR "The Hub" has a White Paper on this issue. SCR has a video from SC Human Affairs Commission at the SC REALTORS Youtube channel.… Continue Reading NAR White Paper on Animals: Pets, Service, Comfort, Emotional Support, Comfort, Therapy

New technology to alter/enhance listing photograph images is becoming less expensive and easier to use, but the risks remain under license law and NAR ethics on advertising and lawsuits. To help build a potential defense to an accusation of deceptive or misleading images, here are some ideas for listing REALTORS®. 1. Display actual images "side… Continue Reading Potential Considerations for Advertising Using Enhanced/Altered Images

NAR reports the wire fraud email hacking scheme that sends fake wiring instructions to the buyer or law firm or other victim has a new issue. NAR reports the crooks are now sending fake wiring instructions that appear to be pertinent to an eminent real estate deal both via hacked/mimicked email addresses and via paper… Continue Reading NAR Reports Wire Fraud Scam Now Expanding to Courier Services

https://www.sacbee.com/news/nation-world/national/article226921079.html ‘Emotional support’ pit bull attacked 5-year-old girl at Oregon airport, lawsuit says BY DON SWEENEY FEBRUARY 28, 2019 09:05 AM, UPDATED FEBRUARY 28, 2019 09:05 AM When 5-year-old Gabriella Gonzalez spotted a dog at the Portland, Oregon, airport in December 2017, she asked permission to pet it, The Oregonian reported. But the dog, reportedly… Continue Reading Emotional Support Comfort Animal Bites Bystander, Owner and Related Businesses get Sued

Section #9 of SCR220 ERTS listing agreement requires the seller to disclose defects and keep the seller disclosure completed and updated. Also, the listing agreement allows the brokerage to sue the seller for related damages and receive indemnification from the seller. PROPERTY INFORMATION/SELLER'S PROPERTY DISCLOSURE STATEMENT: Owner warrants that, to Owner's knowledge, there are no… Continue Reading Listing Agreement Requires Seller Disclosure

Listing reps need to brief sellers to secure all drugs, prescriptions, poisons, opioids and alcohol to prevent pilfering during showings of listings. Children sometimes accompany parents on showings. Additionally, secure all weapons, valuables, pets, children, identity theft info/items, credit cards, sentimental items, expensive clothing, art, etc. Open house safety includes alerting neighbors and partners and… Continue Reading Risk Management: Substance Abuse, Alcohol, Suicide, Depression, Taxis/Uber, Rehab, Counseling

To comply with pre-contract SC Vacation Rental Act disclosure to buyers/buyer rep: Send this written information: " Property __________________________________________________________ SC is subject to vacation rentals from _____________________, 2019 through ________________________ 20__." Send this written information to the buyers/buyer rep prior to contract via: Paper (delivered by US mail, courier, hand) Text Email Fax Seller Disclosure… Continue Reading From Byron King: SC Vacation Rental Act Compliance

https://www.nar.realtor/legal/irs-requires-reporting-of-cooperative-commissions IRS Requires Reporting of Cooperative Commissions Share Facebook Twitter LinkedIn Print The Internal Revenue Service (“IRS”) requires that listing brokers who pay a cooperative commission in excess of $600 to an individual who is not their employee must complete a Form 1099-MISC. While this is not a new law, it has come to NAR’s… Continue Reading NAR on 1099 coop brokers, referral brokers