Legal FAQs

https://law.justia.com/cases/north-carolina/court-of-appeals/2023/22-956.html Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 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 NC Case – Written Contract Recommending Talk to Lawyer and Indemnify Broker Helps Broker Defendant

Arkansas Alaska Georgia Idaho Maryland Minnesota Missouri Nebraska New Hampshire North Carolina North Dakota Pennsylvania South Carolina Utah Vermont Virginia Washington Wisconsin Posted by: Byron King on 12/14/23 (This information is only accurate as of 12/14/23. You must contact SCR for updates and changes to this information after 12/15/23 as laws and regulations may change… Continue Reading NAR:  18 states require written buyer agency agreements

https://action.wra.org/2023/04/24/removing-barriers-to-create-more-housing/ Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 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 Housing Supply? Commercial Real Estate Conversion to Housing?

https://www.nar.realtor/legal-case-summaries/tenant-granted-judgment-over-landlord-in-burst-pipe-case Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 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 Property Management – NAR Case – Burst Pipe

https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 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 Federal Office Protecting Land Deals Near USA Military Bases

SECTION 12-54-124. Transfer of business assets; tax liens; suspension of business license; certificate of compliance. In the case of the transfer of a majority of the assets of a business, other than cash, whether through sale, gift, devise, inheritance, liquidation, distribution, merger, consolidation, corporate reorganization, lease or otherwise, any tax generated by the business which… Continue Reading LLC Income Property Seller, Why Closing Attorney Asks Majority of Business Assets?

11. Earnest money 10. TIE = Compensation, Property Management, Disclosure 9. MLS 8. Agency 7. Advertising 6. Ethics/Arbitration/Mediation aka Professional Standards aka Professionalism 5. License law 4. Due diligence 3. Other (e.g., scams, safety, professionalism, death, closing issues, breach) 2. Forms 1. State law Posted by: Byron King on 08/14/23 (This information is only accurate… Continue Reading Top Ten Hotlines July 2023 +1

SECTION 27-31-190. Expenses shall be shared. The co-owners of the apartments are bound to contribute pro rata in the percentages computed according to Section 27-31-60 toward the expenses of administration and of maintenance and repair of the general common elements and, in the proper case, of the limited common elements of the property and toward… Continue Reading Why Condo Closing Attorneys Want a Certificate of Assessment, Estoppel Document, Etc. with Fees Owed to Owners Association

SCR310 requires payment of United States of America Dollars as Good Funds. So, buyers who want to use cryptocurrency can convert their cryptocurrency into U.S. Dollars pre-offer (best to handle any anticipated and unanticipated delays in converting cryptocurrency to U.S. Dollars as well as any cryptocurrency depreciation) or during the due diligence period. Sellers who… Continue Reading Crytocurrency and SCR Standard Form (SCR310 Contract)

https://www.nar.realtor/videos/window-to-the-law/cryptocurrency-best-practices Posted by: Byron King on 08/14/23 (This information is only accurate as of 08/14/23. You must contact SCR for updates and changes to this information after 08/14/23 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 NAR Legal on Cryptocurrency