Legal FAQs

https://llr.sc.gov/re/recpdf/Confirmation%20of%20Delivery%20of%20Trust%20Funds.pdf AlertConfirmation of Delivery of Trust Funds AlertLimited-Service Brokerage Practices Reminder AlertSame Brokerage, Different BIC Alert2025 Changes to Real Estate Practice Act AlertNo Builder’s Exemption in SC AlertA.I. Use AlertReminder of Advertising Restrictions AlertVideo on Office Inspections & How to Be Prepared AlertFraud Awareness & Prevention Techniques AlertImportant Board Information The Real Estate Commission regulates… Continue Reading LLR on trust funds, duties licensees under LLR SCREC

SCR220 ERTS LAA (exclusive right to sell listing agency agreement): https://www.youtube.com/watch?v=l5t3hDmIJeo SCR120 Compensation Agreement (Seller to Buyer Broker) Used with FSBO sellers and when sellers agree to help buyers with transaction costs such as some/all of the buyer brokerage fee (e.g., SCR130 ERTB BAA). https://www.youtube.com/watch?v=AIuJ_Fkhyog Posted by: Byron King on 3/23/26 (This information is only… Continue Reading SCR forms training videos (SCR220 and SCR120)

https://www.nar.realtor/washington-report/court-decision-on-fincen-residential-real-estate-rule Posted by: Byron King on 3/23/26 (This information is only accurate as of 3/23/26. You must contact SCR for updates and changes to this information after 3/23/26, 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 3/23/26: NAR on FinCEN Court Ruling on 3/19/26

3/20/26: NAR Releases Statement on Pre-Marketing and Coming-Soon Listings https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/nar-releases-statement-on-pre-marketing-and-coming-soon-listings Posted by: Byron King on 3/23/26 (This information is only accurate as of 3/23/26. You must contact SCR for updates and changes to this information after 3/23/26, as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron… Continue Reading 3/20/26: NAR Releases Statement on Pre-Marketing and Coming-Soon Listingsb

https://www.reuters.com/legal/government/us-judge-strikes-down-rule-targeting-money-laundering-real-estate-2026-03-20/ Posted by: Byron King on 3/20/26 (This information is only accurate as of 3/20/26. You must contact SCR for updates and changes to this information after 3/20/26, 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 Reuters: FinCEN BOI News “Judge Strikes Down…”

RISK MANAGEMENT SCR Town Hall Update - New Listing Agreement and FinCEN SCR is updating its forms library and conducted a Town Hall to go over the most recent changes. Click the link below to watch it now. Some forms are available now and can be found at screaltors.org/forms (login required) or via your preferred… Continue Reading SCR Forms Videos

https://www.llr.sc.gov/re/media/SC%20REC%20Office%20Inspections%20Prep.mp4?utm_source=rec&utm_medium=video&utm_campaign=video_test Posted by: Byron King on 3/17/26 (This information is only accurate as of 3/17/26. You must contact SCR for updates and changes to this information after 3/17/26, 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 LLR SCREC Inspections Video

Annual Investigative Data Reports The following Annual Investigative Data Reports are provided below pursuant to S.C. Code Section 40-57-720: Real Estate FY25 Complaints Received 621 Investigations Initiated 227 Avg length of Investigation (in business days) 198 Number of Cases > 150 business days 185 Posted by: Byron King on 3/17/26 (This information is only accurate… Continue Reading LLR SCREC 2025 Caseload

Here is some information about the ATI Exemption available to 6% property purchasers. Remember, to claim the exemption for property purchased in 2026, property owners must file by Jan. 30, 2027 or following January 30's prorated until sunsetted with reassessment. ATI EXEMPTION (AKA NICK's LAW--that's what Burnie Maybank calls it!) The South Carolina Assessable Transfer… Continue Reading ATI – remember this for 2026 buyers who are 6% assessment ratio owners, remind them

https://www.sccourts.org/opinions-orders/opinions/published-opinions/court-of-appeals/?term=2026-02 6138Kenneth S. Hoffman v. Saad Holdings, LLC Kenneth S. Hoffman, Linda J. Hoffman, Harold W. Walters, Terrence Whitlock, and Barrie Whitlock appeal the denial of their request for an injunction, arguing the circuit court erred in (1) failing to find restrictive covenants clear and unambiguous; (2) failing to declare what constitutes "residential purposes" under… Continue Reading SC Court of Appeals: HOA