Legal FAQs

NAR is pleased to share the latest consumer guide focused on flood insurance. This guide explains what flood insurance is and what it covers, when homeowners are required to purchase a policy, and the difference between National Flood Insurance Program and private insurance policies. As a reminder, all guides in this series are available for… Continue Reading NAR: English/Spanish Consumer Guides (Insurance – Flood & Fire, Inspections, Appraisal Process, Agency & Non-Agency Relationships)

https://www.nar.realtor/the-facts/consumer-guide-flood-insurance This information is only accurate as of 1/16/25. You must contact SCR for updates and changes to this information after 1/16/25 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 information is intended only to provide… Continue Reading NAR New Consumer Guide: Flood Insurance

SC Code § 40-57-136(H) states: "If trust funds are held outside a licensee's brokerage firm, the licensee remains obligated to ensure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract." SECTION 40-57-136.Trust accounts; disputes; records. (A)(1) A broker-in-charge or a property manager-in-charge, when taking possession… Continue Reading Earnest money, trust funds, ensure timely, properly delivered to escrow agent

Escrow info from LLR: https://llr.sc.gov/re/RECPDF/TrustAccountBook.PDF Short office policy for LLR audit: See grey toolbar: https://screaltors.org/legal/ Reports are that LLR auditors are auditing brokerages in Marion County. This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 as laws and regulations may change over time.… Continue Reading LLR Audits

https://www.sccourts.org/media/opinions/HTMLFiles/COA/6093.pdf This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 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 information is intended only to provide… Continue Reading SC Ct of Appeals on ROFR

https://www.nar.realtor/magazine/real-estate-news/supreme-court-denies-nar-cert-petition This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 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 information is intended only to provide… Continue Reading US Sup Ct, NAR, DOJ

https://www.sccourts.org/media/opinions/HTMLFiles/SC/28245.pdf This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 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 information is intended only to provide… Continue Reading SC Sup Ct on Builder Contract, Arbitration Clause

https://www.nar.realtor/national-leadership/board-of-directors/meeting-policies-and-procedures/nar-member-code-of-conduct This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 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 information is intended only to provide… Continue Reading NAR Code of Conduct

https://www.postandcourier.com/business/greystar-charleston-apartments-department-justice-lawsuit-south-carolina/article_fb6b2906-ceb8-11ef-ac89-07ea1a29ef7b.html?utm_medium=email&utm_campaign=Myrtle%20Beach%20Headlines%2011324&utm_content=Myrtle%20Beach%20Headlines%2011324+CID_d22f594b5866bbd1469607435ea91915&utm_source=CampaignMonitor&utm_term=Renting%20an%20apartment%20in%20SC%20Algorithms%20collusion%20may%20have%20determined%20what%20youre%20paying&tpcc=campaignmonitor_Myrtle%20Beach%20Headlines%2011324 This information is only accurate as of 1/13/25. You must contact SCR for updates and changes to this information after 1/13/25 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 information is intended only to provide… Continue Reading Media: Property Management Legal News