Legal FAQs

REALTOR Safety! http://realtormag.realtor.org/sales-and-marketing/feature/article/2010/09/real-estates-6-most-dangerous-everyday-situations Posted by : Byron King

Changing Brokerages? Know Your REALTOR Ethics on Listing Agreements, Buyer Agency Agreements, and other Brokerage Contractual Agreements: • Standard of Practice 16-20 Realtors®, prior to or after their relationship with their current firm is terminated, shall not induce clients of their current firm to cancel exclusive contractual agreements between the client and that firm. This… Continue Reading Changing Brokerages?

NAR Legal Highlights Video http://www.realtor.org/videos/video-legal-pulse-1q-2014-highlights Posted by : Byron King

What are the Remedies for a Breach of Contract of SCR Standard Foms? Firstly, the SCR standard forms encourage disputants to settle their contract disputes instead of expensive/lengthy/uncertain of outcome litigation/appeals. The SCR standard forms require an attempt at voluntary mediation settlement prior to litigation proceeding. Parties can self settle or mediate a settlement. Lawyers… Continue Reading Remedies for Sellers and Buyers

How Do Judges Interpret Real Estate Contracts? In construing a contract, the primary objective is to ascertain and give effect to the intention of the parties. Contracts should be liberally construed so as to give them effect and carry out the intentions of the parties. The parties' intention, must in the first instance, be derived… Continue Reading Judges Interpreting Contracts

Treating Listings With Respect REALTORS should educate agents and potential buyers about treating listings with respect. REALTORS should educate agents and sellers about listing issues such as securing all valuables, weapons, drugs, identity information, alcohol, and items of sentimental value. When visiting a listing, ensure the property is left secured from easy burglary (windows and… Continue Reading Oh Behave!

HOA Collecting Dog DNA HOA snoop dog DNA to catch owners who do not scoop dog waste. http://www.news4jax.com/news/fight-over-dna-testing-dog-feces-continues/22924154 Posted by : Byron King

Carbon Monoxide Detector Alarms in SC Building Code Now Fossil fueled equipment can increase risk of occupant death from deadly carbon monoxide gas if not venting and operating properly. Some examples of fossil fueled equipment: HVAC, water heater, pool heater, vehicle/generator running in a garage, kitchen stove/oven. http://www.collinsandlacy.com/updated-south-carolina-building-and-fire-codes-include-carbon-monoxide-alarm-requirements-aimed-at-protecting-against-the-silent-killer/ Posted by : Byron King

Lawsuit Risk: Agency, Delayed MLS Entry Interesting editorial discussing lawsuit risks of agency and delayed MLS entry. http://realuoso.com/editorials/dangers-pre-mls-pocket-listings-listing-clubs-mls-listings/

NAR on Marketing Agreement Risks Tune in to the SCR webinar on market agreements on May 20th to learn how to legally have marketing agreements and avoid the federal Consumer Financial Protection Bureau from prosecuting and fining you under federal RESPA laws. Here is NAR article on risks of the new federal Consumer Financial Protection… Continue Reading Marketing Agreements