Legal FAQs

SCR is updating the forms libraries. https://screaltors.org/wp-content/uploads/Forms/110.pdf LLR SCREC approved the updated SCDREBR on 12/11/24 and posted on 12/19/24. Always properly use SCR110 (e.g., explain, sign, copies) whenever you communicate orally or in writing with a consumer about real estate and before you show properties (e.g., in person showings, virtual showings) to comply with license… Continue Reading New LLR SCREC SCDREBR aka SCR110 posted LLR and SCR

LLR SCREC Posts Updated SCDREBR aka SCR110 https://llr.sc.gov/re/recpdf/Doc170%20SC_Disclosure_of_Real_Estate_Brokerage_Relationships.pdf SCR legal video on this issue: https://www.youtube.com/watch?v=beqJDN3e838 On Thursday Dec 19, 2024, the LLR SCREC posted their updated SCDREBR aka SCR110. The SCR forms libraries are currently being updated for this update. On Wednesday Dec 11, 2024 the REC voted unanimously to approve an updated version of… Continue Reading LLR SCREC Posts Updated SCDREBR aka SCR110

https://www.nar.realtor/videos/risk-management-webinar-series/2025-nar-insurance-program-overview This information is only accurate as of 12/16/24. You must contact SCR for updates and changes to this information after 12/16/24 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 advice. This information is intended only to provide… Continue Reading NAR’s Insurance Webinar

https://www.maynardnexsen.com/publication-fincen-announces-compliance-with-cta-is-voluntary-following-nationwide-injunction This information is only accurate as of 12/09/24. You must contact SCR for updates and changes to this information after 12/09/24 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 FinCen, News, Voluntary During Court Injunction, Filing

https://llr.sc.gov/re/News/Wholesaling-Assignment-of-Contracts-Guidance.pdf This information is only accurate as of 12/09/24. You must contact SCR for updates and changes to this information after 12/09/24 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 LLR SCREC on Wholesaling

NAR on FinCEN BOI, court hold: On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction enjoining the federal government from enforcing the Corporate Transparency Act (CTA). This means the Financial Crimes Enforcement Network (FinCEN), as part of the Treasury Department, cannot currently enforce the Beneficial… Continue Reading NAR: FinCEN BOI Court Hold, NAR Webinar December 10th, Beware Huge Filing Fees, Contact HOTLINE ASAP

Beware paid sites for FinCEN. Hotline is hearing of $300+ charges for filing. The government's filing website is free: https://fincen.gov/boi NAR has a webinar on December 10. https://www.nar.realtor/washington-report/real-estate-compliance-webinar-on-the-fincen-beneficial-ownership-rule A court just put a hold that NAR will discuss December 10 or sooner: https://www.maynardnexsen.com/publication-texas-district-court-issues-injunction-blocking-beneficial-ownership-information-reporting-requirements-under-the-corporate-transparency-act This information is only accurate as of 12/03/24. You must contact SCR… Continue Reading FinCEN Update: NAR, Court Hold, Beware Paid Registration, US Govt Filing Site is Free

https://www.youtube.com/watch?v=6BYU1Kaltaw This information is only accurate as of 12/02/24. You must contact SCR for updates and changes to this information after 12/02/24 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 Window the Law – Anti Money Laundering FINCEN BOI December 31 2024

https://www.nar.realtor/washington-report/real-estate-compliance-webinar-on-the-fincen-beneficial-ownership-rule Brokerages can easily input their corporate information on the fed website for FINCEN BOI. You do not need a FINCEN # to complete the online registration for FINCEN BOI. FINCEN BOI registration is due by the end of the year, January 1, 2025. NAR legal says that non-profits are exempt. This information is only… Continue Reading NAR Webinar on FINCEN BOI (12/10/24 from 2 pm to 3 pm EST) Please Register!

https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/educational-resources This information is only accurate as of 11/26/24. You must contact SCR for updates and changes to this information after 11/26/24 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 Professional Standards Training Resources