Legal FAQs

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

https://support.apple.com/en-us/105097#:~:text=Satellite%20features%20on%20iPhone,family%2C%20and%20share%20your%20location. This information is only accurate as of 10/02/24. You must contact SCR for updates and changes to this information after 10/02/24 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 Newer iPhones Have Emergency Satellite Communications Capabilities

1. Forms 2. Other 3. Advertising 4. Settlement 5. Professionalism 6. License Laws 7. MLS issues 8. Disclosure issues 9. BIC issues 10. Compensation 11. Due diligence 12. Property management 13. Agency 14. State laws 15. Earnest money 16. Fair housing This information is only accurate as of 09/23/24. You must contact SCR for updates… Continue Reading Top Ten (Sixteen) Hotlines August 2024

https://www.nar.realtor/advocacy/nar-advocacy-wins This information is only accurate as of 09/23/24. You must contact SCR for updates and changes to this information after 09/23/24 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 50 Years of NAR Advocacy Wins

7-3-2024 - Opinions 6068 - East Cherry Grove Co., LLC v. State of South Carolina The State of South Carolina appeals the circuit court's order finding East Cherry Grove Co., LLC and Ray & Nixon, LLC (collectively, Respondents) owned two respective parcels of real property consisting of tidelands in North Myrtle Beach. The trial of… Continue Reading SC Ct Appeals, July 2024, RE Related

28234 - Alvetta L. Massenberg v. Clarendon County Treasurer Alvetta Massenberg appeals the master-in-equity's refusal to set aside a delinquent tax sale of her real property. She argues the sale was invalid because the statutory notice was not posted in a "conspicuous" place as required by subsection 12-51-40(c) of the South Carolina Code (Supp. 2023).… Continue Reading SC Sup Ct: Tax Sa

NAR recently updated the below link with this NAR Window to the Law Video: https://www.youtube.com/watch?v=6BYU1Kaltaw NAR collection of Anti Money Laundering FINCEN Information for REALTORS®: https://www.nar.realtor/videos/window-to-the-law/updates-to-anti-money-laundering-rules This information is only accurate as of 09/11/24. You must contact SCR for updates and changes to this information after 09/11/24 as laws and regulations may change over time.… Continue Reading 911: REALTORS and Federal Government vs Terrorists (FINCEN)(Anti Money Laundering Using Real Estate)

In February 2024, NAR submitted a formal comment in response to FinCEN's proposed anti-money laundering rule on this issue. The final rule requires certain real estate professionals to report information for non-financed residential real estate transactions, and transfers of real estate to trusts or legal entities.7 days ago FinCEN Issues New Anti-Money Laundering Rule for… Continue Reading 911: NAR on FinCen, Anti Money Laundering, Anti Terrorism Funding Through Real Estate