Legal FAQs

Inverse Condemnation

2021-08-17T10:06:14-05:00August 17th, 2021|Legal FAQs|

28045 - Ray v. City of Rock Hill In this inverse condemnation action, Lucille Ray contends the City of Rock Hill committed an affirmative, positive, aggressive act by directing storm water under her home. The circuit court granted summary judgment to the City, and the court of appeals reversed. Ray v. City of Rock Hill, [...]

How to Write a Risk Free (Fair Housing) Buyer Love Letter

2021-08-16T10:48:38-05:00August 16th, 2021|Legal FAQs|

Focus on business issues. Avoid providing information on the potential buyer's fair housing protected classifications: Race Color Religion Sex National Origin Familial Status Disability Sexual Orientation Gender Identity Since all of us fit into one or more of these fair housing protected classifications, best to focus on business issues only. In multiple offers, many buyers [...]

Complete your 2.5 hours Ethics Training be 12/31/21

2021-08-16T09:20:31-05:00August 16th, 2021|Legal FAQs|

https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/training/code-of-ethics-training-requirements-existing-members FREE NAR online ethics training at this link. CONTINUING EDUCATION online ethics training at this NAR link (not free). Posted by: Byron King on 8/16/21 (This information is only accurate as of 8/16/21. You must contact SCR for updates and changes to this information after 8/16/21 as laws and regulations may change over time. [...]

Business Brokerage, Get Written Legal Agreements or Lose Money

2021-08-12T08:25:06-05:00August 12th, 2021|Legal FAQs|

https://www.nar.realtor/legal-case-summaries/broker-denied-commission-for-lack-of-written-agreement Posted by: Byron King on 8/12/21 (This information is only accurate as of 8/12/21. You must contact SCR for updates and changes to this information after 8/12/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)

New Carry Law in Effect in August

2021-08-05T10:30:31-05:00August 5th, 2021|Legal FAQs|

https://www.scstatehouse.gov/sess124_2021-2022/bills/3094.htm Time effective SECTION 14. This act takes effect ninety days after approval by the Governor. Ratified the 13th day of May, 2021. Approved the 17th day of May, 2021. Posted by: Byron King on 8/05/21 (This information is only accurate as of 8/05/21. You must contact SCR for updates and changes to this information [...]

Text: EVICTIONS to 30644

2021-08-04T13:55:39-05:00August 4th, 2021|Legal FAQs|

To get NAR and SC info on evictions and moratorium and emergency rental assistance for landlords: TEXT: EVICTIONS to 30644 Posted by: Byron King on 8/04/21 (This information is only accurate as of 8/04/21. You must contact SCR for updates and changes to this information after 8/04/21 as laws and regulations may change over time. [...]

NAR on Online SCAMS

2021-08-03T12:08:59-05:00August 3rd, 2021|Legal FAQs|

https://www.nar.realtor/realtor-ae-magazine/gone-phishing Posted by: Byron King on 8/03/21 (This information is only accurate as of 8/03/21. You must contact SCR for updates and changes to this information after 8/03/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)

FHFA Eviction REO Extend

2021-07-30T09:54:24-05:00July 30th, 2021|Legal FAQs|

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the GSEs) are extending the moratorium on single-family real estate-owned (REO) evictions until Thursday, September 30, 2021. The REO eviction moratorium applies to properties that have been acquired by a GSE through foreclosure or deed-in-lieu of foreclosure transactions. Posted by: Byron [...]

Air Quality, Air Problems, Seller Disclosure

2021-07-29T10:03:38-05:00July 29th, 2021|Legal FAQs|

For residential property transactions, the SCR listing agreement requires the seller to disclose material defects in writing and to authorize the listing brokerage/agent to disclose this information. The SC Residential Property Condition Disclosure Statement (RPCDS) question #21 asks about ATMOSPHERE problems and the term problem is broadly defined in the RPCDS to include basically all [...]

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