Legal FAQs

NAR Fall Mediation School

2018-03-21T09:31:12-05:00March 21st, 2018|Legal FAQs|

NAR offers mediation training in Chicago each fall. This is one of the best mediator training courses in the world. https://www.nar.realtor/events/mediator-mediation-training SCR plans to offer mediation training in SC this fall. All mediators should attend. Anyone interested in mediation should attend. iupdate Posted by: Byron King

Professional Standards

2018-03-20T17:42:03-05:00March 20th, 2018|Legal FAQs|

REALTORS, AE's and Professional Standards Staff This is a must read webpage. Ensure you save this link and use it often. Great information on the REALTOR professional standards program: http://www.realtor.org/code-of-ethics/ethics-complaints-arbitration-requests-and-related-information?om_rid=AAAZah&om_mid=_BT4i3cB87oJU%243&om_ntype=INSWeekly Posted by : Byron King

SC Supreme Court on MOU’s

2018-03-20T17:41:01-05:00March 20th, 2018|Legal FAQs|

SC Supreme Court Rules on Contracts, MOU's Memorandums of Understand (MOU) are not contracts says the SC Supreme Court. http://www.judicial.state.sc.us/opinions/HTMLFiles/SC/27434.pdf MOU's are common in commercial real estate transactions. Posted by : Byron King

Jail for Fraud

2018-03-20T17:37:55-05:00March 20th, 2018|Legal FAQs|

Man Gets 30 Months for Manufactured and Modular Home Loan Fraud http://www.charlotteobserver.com/2014/08/13/5104483/hickory-man-sentenced-to-30-years.html#emlnl=Top_Stories%3A_Business_Review Posted by : Byron King

Mold

2018-03-20T17:36:51-05:00March 20th, 2018|Legal FAQs|

Rain = Moisture = Mold US EPA on mold. Remember: Molds are common in the southern USA. Buyers should always consider hiring mold inspectors who check air quality (spores, etc.) too. Some people have medical reactions to common molds. Some molds are toxic to humans. SCR forms reference mold as a way to manage risk.… Continue Reading Mold

Psychologically Stigmatized Property

2018-03-20T17:35:30-05:00March 20th, 2018|Legal FAQs|

Murder/Suicide: PA Supreme Court Says Not a Material Defect SC law labels pure psychologically affected stigma to a real property as something that is not legally required to be disclosed. (SC Code 27-50-270 and 40-57-180) http://www.scstatehouse.gov/code/t27c050.php http://www.scstatehouse.gov/code/t40c057.php However to avoid upset buyers and lawsuits as occurred in PA, sellers should consider disclosing psychological stigma. While… Continue Reading Psychologically Stigmatized Property

Due Process and Professional Standards

2018-03-20T17:34:48-05:00March 20th, 2018|Legal FAQs|

Due Process in Ethics and Arbitration Hearings Remember in high school civics class when fundamental rights in trials were discussed? Those same ideas apply to REALTOR ethics hearings and arbitration (commission dispute) hearings. Right to know the charges against you. Right to face your accuser and question them. Right to legal counsel. Right to time… Continue Reading Due Process and Professional Standards

Fair Housing Demographic Data

2018-03-20T17:34:03-05:00March 20th, 2018|Legal FAQs|

Good and Bad Demographic Information from Fair Housing Point of View Recent reports are that providing racial demographic maps to buyer clients can lead to the REALTOR® being accused of racial steering and fair housing violations. While NAR Code of Ethics allow REALTORS® to provide good demographic information, REALTORS® may not provide race, religion or… Continue Reading Fair Housing Demographic Data

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