Legal FAQs

Please read below if you or your brokerage receives anything of value from a lender where there are buyer referrals to that lender (e.g., quid pro quo) to learn of federal laws risks from the federal RESPA (settlement laws) and the federal CFPB (consumer financial protection bureau). https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/real-estate-settlement-procedures-act/ https://www.consumerfinance.gov/rules-policy/regulations/1024/14/ https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/ https://www.huschblackwell.com/newsandinsights/respa-revival-cfpb-sets-their-sights-on-illegal-kickbacks https://doeren.com/viewpoint/cfpb-issues-respa-kickback-penalty https://www.consumerfinance.gov/about-us/newsroom/cfpb-penalizes-freedom-mortgage-and-realty-connect-for-illegal-kickbacks/ This information… Continue Reading Federal Laws on Real Estate Closings (RESPA) – Beware quid pro quo. Lender risks.

https://www.thestate.com/news/local/article299639094.html This information is only accurate as of 2/6/25. You must contact SCR for updates and changes to this information after 2/6/25 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… Continue Reading The State Newspaper: Condition of Residential Property Lawsuits

Suggestions or Topics for the Monthly NAR Broker Power Hour Webinar? Send to BrokerForum@nar.realtor This information is only accurate as of 2/3/25. You must contact SCR for updates and changes to this information after 2/3/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)… Continue Reading Suggestions or Topics for the Monthly NAR Broker Power Hour Webinar?

https://www.nar.realtor/brokers This information is only accurate as of 2/3/25. You must contact SCR for updates and changes to this information after 2/3/25 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… Continue Reading NAR Information for Brokers

https://events.m1.realtor/EventHome/567 This information is only accurate as of 2/3/25. You must contact SCR for updates and changes to this information after 2/3/25 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… Continue Reading NAR Broker Summit April 8-9 2025

https://realtors.zoom.us/rec/play/2BIpShX9CdOduR8lRLv3xh9XokMqoaZxTuxeE1RyFBgcMC2uAWGPstZNAdKLgXuWjYtGMJIZYtafeEKY.XErS369Ji3ZtLde3?canPlayFromShare=true&from=share_recording_detail&continueMode=true&componentName=rec-play&originRequestUrl=https%3A%2F%2Frealtors.zoom.us%2Frec%2Fshare%2FSOIp20EQOqv47y9hmsZxq7uhhtTLUM-aURPIPMawFXEUiV5rNtS9vC7dq1l7meuQ.IKH8ASfw6nRCyd3y This information is only accurate as of 2/3/25. You must contact SCR for updates and changes to this information after 2/3/25 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… Continue Reading Recording of January 2025 NAR Broker Power Hour

https://www.nar.realtor/center-for-realtor-financial-wellness/virtual-summits February 2025 Tax Summit 4-part series, virtual Wednesday, February 5, 12, 19, and 26. 10:00am PT | 11:00am MT | 12:00pm CT | 1:00pm ET (1 hour) All sessions will be recorded. Register now Managing finances can be challenging, and REALTORS® are facing a long list of tax changes for the 2024 filing year.… Continue Reading NAR Tax Summit Online for REALTORS

New Consumer Guide: Preparing to Sell Your Home NAR is pleased to share the latest consumer guide focused on preparing consumers to sell their home. This guide covers common steps sellers may consider taking to ready their home for listing and viewing by potential buyers, such as repairs or cosmetic updates, pre-sale inspections, and staging.… Continue Reading New NAR Consumer Guide: Preparing to Sell Your Home

Key Fundamentals of Flood Insurance Webinar 2.0 Presented by the National Flood Insurance Program February 2025 Webinars - Register Now! (Capacity is Limited) Key Fundamentals of Flood Insurance for Agents 2.0 Parts One and Two Please register for both parts of this course. Part One: February 4 - 2:00 p.m. - 4:00 p.m. Central Time… Continue Reading US FEMA Flood Insurance Webinars February 4, 5, and 6 2025

1. Forms 2. License laws 3. Other Miscellaneous Questions, Ethics, Ethics Packages, Professionalism 4. Advertising and Settlement Questions and State Law Questions (tied) 5. Compensation and Disclosure Questions (tie) 6. Due Diligence 7. Agency, Brokerage Office Management/Policy, Federal Laws (tied) 8. Property Management. This information is only accurate as of 1/29/25. You must contact SCR… Continue Reading Top (Ten/Eight/Sixteen) Hotlines December 2024