SCR130 Exclusive Right to Buy Buyer Agency Agreement ERTB BAA As of today (3/20/23) in order to use the updated SCR130, you will write in your compensation either as a dollar amount (fill in the blank) or as a percentage of the purchase price (fill in the blank). Be very careful to never say that… Continue Reading SCR130 Updates Today (3/20/23) ERTB BAA
https://llr.sc.gov/re/recpdf/TrustAccountBook.pdf Posted by: Byron King on 03/20/23 (This information is only accurate as of 03/20/23. You must contact SCR for updates and changes to this information after 03/20/23 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 LLR SCREC Trust Account Guidelines
You worked hard to get your real estate license and your REALTOR® membership. You provide a valuable service to consumers. You work hard to maintain your real estate license and your REALTOR® membership. So be confident in explaining your services and your compensation. https://www.nar.realtor/magazine/tools/client-education/handouts-for-buyers/7-reasons-to-work-with-a-realtor https://www.nar.realtor/magazine/real-estate-news/sales-marketing/why-you-should-tell-clients-how-youre-compensated https://www.inman.com/2017/06/09/buyers-agents-are-your-services-really-free/ NAR Code of Ethics Article 12 REALTORS® shall be… Continue Reading Don’t Advertise Your Services are Free Unless Your Services are Free
https://www.nar.realtor/legal-case-summaries/disclosure-suit-against-brokers-rejected-by-court Posted by: Byron King on 03/17/23 (This information is only accurate as of 03/17/23. You must contact SCR for updates and changes to this information after 03/17/23 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 Buyer Agent Sued in Disclosure Issues, Court Rules in Agent’s Favor, Takeaways
https://www.facebook.com/watch/live/?ref=watch_permalink&v=213934807111359 Posted by: Byron King on 03/17/23 (This information is only accurate as of 03/17/23. You must contact SCR for updates and changes to this information after 03/17/23 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 – Kate Lawton – Social Media Issues – Code of Ethics
https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/avoid-legal-snafus-around-canceled-contracts?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=8580A497-475F-4EC7-AB51-A5672128DE36 https://www.nar.realtor/videos/window-to-the-law/navigating-a-contract-termination Generally, no one likes when the hotline recommends that everyone hires their trial lawyers asap. So, SCR provides several ways to help avoid litigation (e.g., due diligence, contingencies, mediation, call the hotline before legal issues happen or deadlines are missed, training, education, forms, addenda, checkboxes, due diligence termination fee). Perhaps, use technology to… Continue Reading NAR: Your Contract Fails to Close, What Now? Settlement? Move on? Litigation?
https://www.nar.realtor/safety Posted by: Byron King on 03/15/23 (This information is only accurate as of 03/15/23. You must contact SCR for updates and changes to this information after 03/15/23 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 on Safety. FOREWARN Augments Your Safety Programs
The SCR attorneys have been discussing the benefits and risks of using FOREWARN. Everything has benefits and risks. First, the benefits. FOREWARN rapidly searches many public databases for public information on potential real estate consumers. FOREWARN information used in compliance with laws and rules can be an important part of your overall safety plan. https://www.nar.realtor/safety… Continue Reading FOREWARN Thoughts…
10. Scams (e.g., vacant land sale, wire fraud, rental scam with listings)...FOREWARN can help you to detect fake sellers, fake lawyers/paralegals, fake landlords and fake property managers. Google alerts for your name/brokerage/team and listing addresses can help detect fake landlords and property managers in the listing scrape rental scam and other issues. Contact the lawyers… Continue Reading Hotline Top Ten February 2023
https://landresellers.com/blog/how-to-avoid-land-selling-scams SCR offers FOREWARN for alternate contact for the deeded owner (e.g., phone, email, mail). The article mentions looking for the typical red flags (e.g., desire for quick discounted cash close) "too good to be true" aspect of scams and asking the potential scammer questions about the physical aspects of the land since many organized… Continue Reading Vacant Land Scams, Some Ways to Deter