Legal FAQs

On July 1, the SC LLR SCREC updates their seller disclosure aka RPCDS Residential Property Condition Disclosure Statement aka SCR230. It is a one sentence change. See page 5 of 5. https://llr.sc.gov/re/recpdf/Property-Condition-Disclosure-Statement.pdf "Purchaser has sole responsibility for investigating off-site conditions of the property including, but not limited to, adjacent properties being used for agricultural purposes."… Continue Reading July 1 SCLLR SCREC Forms Change, SCR230 aka the Seller Disclosure UPDATES!

LLR Acting Director reports LLR SCREC notified all real estate schools that LLR will begin a social security base search required for all new real estate applicants. Posted by: Byron King on 06/23/22 (This information is only accurate as of 06/23/22. You must contact SCR for updates and changes to this information after 06/23/22 as… Continue Reading LLR Reports SSN Search All New RE Applicants

Currently, the SCR310 and SCR300 are due diligence legal agreements. For over ten years, many licensees have had thousands of clients where due diligence was utilized in the parties' best interests (e.g., seller gets the due diligence termination dollars if the buyer timely/properly walks, seller gets lukewarm buyers out of the way faster, buyer can… Continue Reading Legal Update Due Diligence

Real estate is competition. Brokers competing is good for consumers. https://www.nar.realtor/competition-in-real-estate Posted by: Byron King on 06/10/22 (This information is only accurate as of 06/10/22. You must contact SCR for updates and changes to this information after 06/10/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email… Continue Reading Real Estate is Competitive

Here is the procedure that SCREC and NAR ethics require: A listing agent always does one of these three things when a buyer's offer is sent to the listing agent: 1. Properly communicate in writing the seller accepted the buyer's offer. 2. Properly communicate in writing the seller counter offers the buyer's offer. 3. Send… Continue Reading Offer/Counteroffer Rejection Form, SCR314, Both Sides

Hotline is getting calls about what conveys and what does not convey on a residential re-sale deal using SCR310, especially involving issues like smart doorbells, mounted cameras, mounted microphones, mounted televisions, mounted speakers, refrigerators, stoves, ice makers, washer/dryer, sheds, playground equipment, chandeliers, fountains, above ground non-built in spas/pools, etc. The safe answer is to write… Continue Reading Smart Doorbells, Mounted TVs, Mounted Speakers, Fridge, Linens, Spa

https://www.scag.gov/media/1fao01ey/02921998.pdf Posted by: Byron King on 06/06/22 (This information is only accurate as of 06/06/22. You must contact SCR for updates and changes to this information after 06/06/22 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 Hospitality Funds for Parks/Flood Control

https://www.nar.realtor/realtors-are-good-neighbors/2022-realtor-volunteer-days?cid=ban_RGN0337 Posted by: Byron King on 06/06/22 (This information is only accurate as of 06/06/22. You must contact SCR for updates and changes to this information after 06/06/22 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 Volunteer Week

SC AG: https://www.scag.gov/media/ew4hd1fx/02980954.pdf Posted by: Byron King on 06/06/22 (This information is only accurate as of 06/06/22. You must contact SCR for updates and changes to this information after 05/31/22 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 Joint Industrial or Business Parks