https://screaltors.org/wp-content/uploads/2017/12/220draft-1.pdf Please send comments to byron This rough draft was posted in 2017 for members to comment upon for desired 2018-2019 update. Posted by : Byron King
Give the feds your input on rules such as RESPA and RESPA enforcement: https://www.nar.realtor/washington-report/cfpbs-latest-requests-for-information Posted by : Byron King
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
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 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
Form Lesson! There are two SCR standard forms that can be used to release a listing (SCR250) or buyer agency relationship (SCR255) prior to the expiration date of the listing agreement or buyer agency agreement. The client can agree to a protection period or payment in exchange for early release. While a client (principal) can… Continue Reading When Rep Agreements End
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
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
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 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