Legal FAQs

https://www.scstatehouse.gov/sess125_2023-2024/prever/881_20231130.htm Consumers impacted should contact their attorney asap. S.881 , Prohibition of unfair service agreements, was signed into law on May 20, 2024. This legislation prohibits the recording of unfair service agreements (long term listing agreements) and deems them unfair if they meet certain criteria (like running with the property or creating a lien or… Continue Reading NTRAPS, Unfair Service Agreements, Multiple Years Long Marketing/Listing Agreements, Regulated in 2024

New appraisal statute for the appraisers was updated in 2024: https://www.scstatehouse.gov/code/t40c060.php#40-60-30 SECTION 1.Section 40-60-30(1) of the S.C. Code is amended to read: (1) A real estate licensee licensed in accordance with Chapter 57, Title 40 who performs a market analysis or gives an opinion as to the price of real estate on the condition that… Continue Reading Put This Language in Your BPO CMA RPR

https://www.benefits.va.gov/HOMELOANS/documents/circulars/26-24-14.pdf Posted by: Byron King on 06/17/24 (This information is only accurate as of 06/17/24. You must contact SCR for updates and changes to this information after 06/17/24 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… Continue Reading VA Circular or Rules Variance

Post Settlement MLS Rules Changes will remove the OFFER of compensation from MLS. Recall that MLS is a CONTRACT between participants. Recall from your real estate schooling that a CONTRACT results from an OFFER and an ACCEPTANCE and CONSIDERATION. Therefore, the OFFER of compensation in MLS becomes a mere COMMUNICATION or ADVERTISEMENT of compensation, but… Continue Reading NAR: Advertising Compensation, Seller Concessions Post Settlement MLS Rules Changes Coming in August

https://www.nar.realtor/magazine/real-estate-news/veterans-affairs-signals-temporary-suspension-of-buyer-agent-payment-ban?lrh=f3d3398596de554c8ce28d0171fc77ec79f4cbe447d90ba1a9b8eade908d8477&nwsltr=navnar&utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA Posted by: Byron King on 06/11/24 (This information is only accurate as of 06/11/24. You must contact SCR for updates and changes to this information after 06/11/24 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… Continue Reading NAR: Good News on VA Loans

https://www.southcarolinapublicradio.org/show/south-carolina-business-review/2024-06-06/will-sc-real-estate-commissions-be-dropping-soon Will SC real estate commissions be dropping soon? - South Carolina Public RadioSouth Carolina Public Radio Nick Kremydas, CEO of SC Realtors in Columbia, S.C.. You may have heard about the recent court case that is supposed to immediately lower real estate sales commissions. What is the potential effect on the real estate industry… Continue Reading SCR CEO on the Radio

2022 https://www.youtube.com/watch?v=JFE3-7m9vUY 2017 https://www.youtube.com/watch?v=6jfRoDx6N-Y Posted by: Byron King on 06/06/24 (This information is only accurate as of 06/06/24. You must contact SCR for updates and changes to this information after 06/06/24 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… Continue Reading 2022/2017 Royal Palm Coast’s AOR’s Mock Ethics Hearing Videos

https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/mediation-resources/mediation-demonstration-videos Settlement is often used to resolve issues. Mediation is organized settlement. Posted by: Byron King on 06/06/24 (This information is only accurate as of 06/06/24. You must contact SCR for updates and changes to this information after 06/06/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or… Continue Reading NAR’s Mock Mediation Videos

https://www.youtube.com/watch?v=X35KvdoHKC0 WARNING: EPA rules changes on RRP requires the property manager to have the remediation certification even if the contractor holds this certification when the property manager orders the remediation work. Posted by: Byron King on 06/06/24 (This information is only accurate as of 06/06/24. You must contact SCR for updates and changes to this… Continue Reading 2024 EPA Lead Audits, See 2023 EPA Lead Video

REALTOR® Party Mobile Alerts, Realtors advocacy texting platform, offers REALTOR® associations and REALTORS® a way to stay connected directly from their cell phone or tablet. When a national or state legislative call for action is launched, or an important advocacy update needs to be communicated, subscribers will receive a short text message with more information.… Continue Reading To Sign Up for REALTOR(R) Text Alerts: Text REALTORS to 30644