The usual hotline answer to listing agents when a deal fails and the parties have not yet signed the SCR518 release: Tell seller, "In my experience as a REALTOR®, once the release is signed then everyone moves forward cleanly without legal entanglements. So self-settlement or mediator assisted self-settlement of the earnest money on the release… Continue Reading Listing Agent Thoughts When Deals Fail
Need legal funding help with your law firm bills? SCR legal action committee may be interested in supporting you in your legal action depending on the situation. Contact the SCR legal team for a SCR legal action fund application. 803-772-5206 Byron Austin Posted by : Byron King on 10/30/18 (This information is only accurate as… Continue Reading SCR Legal Action Committee and Fund
Interesting read on real estate licensee that rationalized and failed to have the courage to do the right thing and ended up imprisoned. https://magazine.realtor/daily-news/2018/11/06/ex-agent-reflects-on-mistakes-that-sent-her-to-prison?tp=i-H43-Bb-38c-5fPYb-1p-A5BZ-1c-5fapG-u1BrU&om_rid=83751373&Om_ntype=RMOdaily&om_mid=12066 Posted by : Byron King on 10/30/18 (This information is only accurate as of 10/30/18. You must contact SCR for updates and changes to this information after 10/30/18 as laws and… Continue Reading Carolina Real Estate Agent Talks about Crimes/Prison
Some things to consider when self-dealing. Self-dealing can occur when a licensee or the licensee's LLC or the licensee's partnership or the licensee's spouse enters into a transaction with the licensee's brokerage's client (e.g. listed seller client, buyer client in a buyer agency agreement). Self-dealing is a very high-risk strategy for REALTORS®. Avoid if possible.… Continue Reading Self Dealing – Means Disclose and Manage Risks
Drone imagery of roofs, common areas, sheds, etc. are common uses but drones can breach privacy such as imaging interiors of residences through windows. Copyright of video, movies, music, photos, etc. are commonly used but illegally using someone else's intellectual property can create a lawsuit (e.g. playing music at parties, showing movies outdoors, using stock… Continue Reading Top Three Ways HOA’s Get Sued
Get your 2.5 hours of ethics training completed no later than December 31, 2018. If classes qualify...several providers offer. You can do CE ethics classes. Several providers offer. You can do online ethics classes. NAR offers see below. You can do free online ethics classes. NAR offers see below. See this link: https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/code-of-ethics-training Posted by… Continue Reading Ethics Deadline is December 31, 2018
https://www.nar.realtor/washington-report/opportunity-zones-proposed-rules-released On October 19, the Treasury Department released proposed rules for Qualified Opportunity Zones, a federal program created by the Tax Cuts and Jobs Act in 2017. The program incentivizes investment and development in distressed communities, designated as “Qualified Opportunity Zones” (QOZs) through tax benefits for investors. These benefits include deferral of federal capital gains… Continue Reading Opportunity Zones
SCR forms committee attempts to hold the number of forms to a minimum so there are some multi-purpose forms. SCR390 addendum is the most multi-purpose form. https://screaltors.org/wp-content/uploads/Forms/390.pdf Note that the title of SCR390 can be changed by checking the box for contract or lease or fill in the blank (e.g. buyer agency, listing agreement, land… Continue Reading Extending the Listing Agreement
Response to tenant or potential tenant (edit the pet policy as needed): The landlord of property ______________________________________ prohibits all pets in the property. You have requested the landlord modify or provide an exception to the pet prohibition for an assistance animal as a reasonable accommodation for your disability. Because your disability or the disability-related need… Continue Reading Tenant Requests Reasonable Accommodation for Assistance Animal
Owners and licensees are not required to disclose psychologically affected issues, psychological impact, psychological stigma (e.g. the suspected presence of ghosts, murders, death) affecting real estate so long as there is no material impact on the physical condition of the property being transferred. So if there is a skeleton or blood or body on the… Continue Reading Happy Halloween!