Legal FAQs

Top TEN Hotlines May 2021

2021-06-23T08:32:08-05:00June 23rd, 2021|Legal FAQs|

10. Love Letters with Protected Class Fair Housing Information (Don't Use) 9. Re-marketing and Re-selling listings after a failed deal 8. Emotional Support Animals - Fair Housing, Rentals, Disability 7. Vacation Rental Act issues in a residential sale (Get information, legal) 6. Team issues (BIC supervises teams and team leaders) 5. Earnest Money disbursement in [...]

RESPA: Call Hotline About Referrals

2021-06-22T10:05:01-05:00June 22nd, 2021|Legal FAQs|

Consider calling the hotline 803-772-5206 as you develop a referral plan or agreement. SCR offers a referral agreement: SCR600 https://screaltors.org/wp-content/uploads/Forms/600.pdf Federal Law on Referrals: https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/real-estate-settlement-procedures-act/real-estate-settlement-procedures-act-faqs/ https://www.donotcall.gov/ State Law on Referrals: (B) An associated licensee may not receive compensation from an activity requiring a real estate license from an entity or person other than the one [...]

Love Letters

2021-06-17T15:51:18-05:00June 17th, 2021|Legal FAQs|

To defend against fair housing complaints filed by buyers, listing agents can help protect their seller client. In the SCR listing agreements, seller clients agree to comply with fair housing laws. Love letters and buyers' names that can reveal or hint at or allow seller online research (e.g., Facebook) of fair housing protected class information [...]

NAR Promotes Your Community Service! REALTORS are Good Neighbors!

2021-06-17T15:06:49-05:00June 17th, 2021|Legal FAQs|

https://www.nar.realtor/realtors-are-good-neighbors Promote yourself and the REALTOR® brand by submitting how you are a good neighbor in your community. Posted by: Byron King on 6/17/21 (This information is only accurate as of 6/17/21. You must contact SCR for updates and changes to this information after 6/17/21 as laws and regulations may change over time. SCR 803-772-5206 [...]

SCR314 Offer Rejection Form – Listing Agents Always Respond

2021-06-17T14:24:31-05:00June 17th, 2021|Legal FAQs|

Listing agents will always respond in writing to the buyer side after the buyer side's offer is received in one of the following ways: 1. Accepting the offer in writing and properly forming an enforceable agreement. The buyer knows the seller saw their offer. or 2. Counter-offering in writing, the buyer's offer. The buyer knows [...]

Rental Assistance for Landlords AKA Federal Dollars to Horry County

2021-06-15T09:41:08-05:00June 15th, 2021|Legal FAQs|

https://www.postandcourier.com/myrtle-beach/new-rental-assistance-program-could-help-horry-county-residents-affected-by-covid-19/article_52f44e2c-cd1a-11eb-9e06-57ac7a17b5c9.html?utm_medium=email&utm_campaign=Myrtle%20Beach%20Letter%20from%20Editor%2061521&utm_content=Myrtle%20Beach%20Letter%20from%20Editor%2061521+CID_52dbfff139e91d64b3eb3e29a14e2b60&utm_source=CampaignMonitor&utm_term=New%20rental%20assistance%20program%20could%20help%20Horry%20County%20residents%20affected%20by%20COVID-19 Posted by: Byron King on 6/15/21 (This information is only accurate as of 6/15/21. You must contact SCR for updates and changes to this information after 6/15/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)

Seller Disclosure Air Issues/Quality

2021-06-14T14:55:43-05:00June 14th, 2021|Legal FAQs|

As owner, do you have any actual knowledge or notice concerning the following: 21. Drainage, soil stability, atmosphere, or underground problems affecting the property... YES - EXPLAIN ANSWER or NO or NO REPRESENTATION (If the issue is known to the seller, then this NO REPRESENTATION answer could be a high-risk answer for the seller and [...]

Insurance for Lost Rents

2021-06-10T10:46:17-05:00June 10th, 2021|Legal FAQs|

https://www.american-apartment-owners-association.org/property-management/latest-news/can-insurance-help-with-loss-of-rental-income-coronavirus Posted by: Byron King on 6/10/21 (This information is only accurate as of 6/10/21. You must contact SCR for updates and changes to this information after 6/10/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)

Home Inspectors and Repairs (Conflict of Interest)

2021-06-09T14:16:23-05:00June 9th, 2021|Legal FAQs|

If you suspect that a home inspector makes repair or work or remediation recommendations with the goal of financially benefiting the home inspector or another person via repair/work payments or via financial interests in organizations/persons that receive payment for repair/work payments: FILE A COMPLAINT AT LLR AND THE HOME INSPECTOR ASSOCIATION. LLR RESIDENTIAL BUILDERS COMMISSION [...]

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