Legal FAQs

NAR recent article on vouchers posted this week: https://narfocus.com/publication-issue/view/2024-10-14-fair-housing-housing-choice-vouchers-formerly-section-8-and-soi This information is only accurate as of 10/16/24. You must contact SCR for updates and changes to this information after 10/16/24 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… Continue Reading NAR 10/14/16 article on Vouchers, Fair Housing considerations

From Tiara Pitts, Esq. SCR Director of Fair Housing Policy: What is a section 8 voucher? In South Carolina, the Section 8 Housing Choice Voucher Program is a federal program that assists low-income families, the elderly, and disabled individuals by providing rental assistance. This voucher covers a portion of the rent, which is paid directly… Continue Reading Housing Vouchers, Fair Housing Issues: Tiara Pitts, Esq SCR Dir Fair Housing Policy

https://www.journalofaccountancy.com/issues/2024/oct/10-tips-to-help-avoid-wire-fraud-scams.html?utm_source=mnl:au&utm_medium=email&utm_campaign=11Oct2024 This information is only accurate as of 10/11/24. You must contact SCR for updates and changes to this information after 10/11/24 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 information is intended only to provide… Continue Reading Accountants vs. Scams

https://www.nar.realtor/magazine/real-estate-news/web-domain-listing-scam-is-targeting-nar-members?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&lrh=f3d3398596de554c8ce28d0171fc77ec79f4cbe447d90ba1a9b8eade908d8477&utm_campaign=34FB1440-92D5-42F6-A71E-28B6B1CB1AB4&nwsltr=navnar&utm_content=89B51D1E-135F-4D7E-837B-6E0E283417FA This information is only accurate as of 10/08/24. You must contact SCR for updates and changes to this information after 10/08/24 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 information is intended only to provide… Continue Reading NAR Warns of Domain Scam Targeting Members

https://www.nar.realtor/magazine/real-estate-news/sales-and-marketing/how-can-two-appraisers-value-the-same-property-differently This information is only accurate as of 10/08/24. You must contact SCR for updates and changes to this information after 10/08/24 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 information is intended only to provide… Continue Reading REALTOR Magazine: How Can Appraisers Arrive at Different Values?

https://www.nar.realtor/legal-case-summaries/texas-court-enforces-broker-agent-oral-agreement-to-split-agency-commissions This information is only accurate as of 10/08/24. You must contact SCR for updates and changes to this information after 10/08/24 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 information is intended only to provide… Continue Reading NAR: Texas Law Allows Oral Compensation Agreements Internal to Brokerage

NAR Legal: Never Filter Listings for Compensation EVEN IF your Buyer directs you to do so in the presentation of properties stage of your buyer brokerage efforts. After the presentation of properties, informed buyers can then decide how they want to proceed with showings, tourings, and payment of compensation. Some practice tips: 1. Interview your… Continue Reading NAR Legal: Never Filter Listings for Compensation EVEN IF the Buyer Directs You To

https://www.nar.realtor/natural-disaster-policy/transaction-guidance-after-natural-disaster https://selling-guide.fanniemae.com/sel/b2-3-05/properties-affected-disaster This information is only accurate as of 10/04/24. You must contact SCR for updates and changes to this information after 10/04/24 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 information is intended only to… Continue Reading Natural Disasters

The SCR120 Compensation Agreement was originally created as a "Swiss Army Knife" form that handles multiple situations without creating a form for each situation. This multiple use of SCR120 can create confusion with choices on SCR120. More blanks to fill in equals more confusion and more mistakes can occur. So, there may be future compensation… Continue Reading SCR120 Compensation Agreement (Can be used in several situations)

Educating consumers on multiple listing services What are multiple listing services (MLSs) and what value do they bring to the home buying or selling process? NAR has created a dedicated resource to educate home buyers and sellers on these important tools. Download and share the resourcedirectly with prospective clients. This information is only accurate as… Continue Reading NAR/REALTOR Magazine Consumer Info on MLS