Legal FAQs

NAR Updated Buyer Agency States Count at 27

2024-09-04T12:40:53-05:00September 4th, 2024|Legal FAQs|

Per NAR in August 2024: NAR has long promoted written buyer agreements because they benefit consumers by clearly and transparently outlining the services a real estate professional will provide and how they are compensated. Currently, 27 states have enacted laws on written buyer agreements, with a significant number of these states passing legislation related to [...]

NAR New Member Watch Video List

2024-09-04T12:31:44-05:00September 4th, 2024|Legal FAQs|

https://www.nar.realtor/legal/new-member-must-watch-list This information is only accurate as of 09/04/24. You must contact SCR for updates and changes to this information after 09/04/24 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 [...]

SCR120 Compensation Agreement Helpful Hints

2024-08-26T10:32:25-05:00August 26th, 2024|Legal FAQs|

A top hotline under the new MLS rules is the compensation agreement and how a BB can get paid under the SCR120 Compensation Agreement. SCR120 is the current SCR compensation agreement. Definitions for this article: BB = Buyer Brokerage (agency/client or non-agency/customer/transaction-brokerage) B = Buyer *The Buyer paying their BB (e.g., SCR130/135/136/138) is the simplest [...]

284 Ways that REALTORS Operate in a Deal = 179 Ways + 105 Ways

2024-08-20T08:08:37-05:00August 20th, 2024|Legal FAQs|

https://www.nar.realtor/the-facts/179-ways-agents-who-are-realtors-are-worth-every-penny This information is only accurate as of 08/20/24. You must contact SCR for updates and changes to this information after 08/20/24 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 [...]

Sending Commercial Email, Advertising, Comply with Federal Laws, CAN SPAM Act

2024-08-19T15:12:42-05:00August 19th, 2024|Legal FAQs|

https://www.fcc.gov/general/can-spam#:~:text=Congress%20passed%20the%20CAN%2DSPAM,phones%E2%80%94not%20email%20in%20general. This information is only accurate as of 08/19/24. You must contact SCR for updates and changes to this information after 08/19/24 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 [...]

July 2024: Top Ten, Fifteens Legal Hotlines

2024-08-19T15:00:16-05:00August 19th, 2024|Legal FAQs|

1. Forms and Seller Class Action Lawsuits Settlement Questions (both #1) 2. Advertising, new license law requirements, etc. 3. License law, new license law issues 4. Ethics issues 5. State law issues 6. Agency 7. Disclosure 8. BIC, Brokerage Management, Risk Management 9. Compensation questions, new MLS rules, SCR120 compensation agreement 10. MLS, new MLS [...]

SCR mediator and ethics mediator ombuds training Oct 30 and Oct 31 and Nov 1 ($75, 8 am to noon)

2024-08-19T11:34:48-05:00August 19th, 2024|Legal FAQs|

SCR mediator and ethics mediator ombuds training Oct 30 and Oct 31 and Nov 1 ($75, 8 am to noon). This will sell out. Register ASAP. 50 seats. EDUCATION OPPORTUNITIES Become a mediator this October through SCR's Mediation Training. Space is limited! This six-hour course is intended to provide fundamental training for new and intermediate [...]

Sex Offender Risk Management, Megan’s Laws

2024-08-15T15:59:03-05:00August 15th, 2024|Legal FAQs|

SECTION 23-3-525. Notice by real estate brokerage about obtaining sex offender registry information. A real estate brokerage and its affiliated licensees is immune from liability for any act or omission related to the disclosure of information under this chapter if the brokerage or its affiliated licensees in a timely manner provides to its clients and [...]

NAR Offered ABR Electives for Designation

2024-08-14T11:18:30-05:00August 14th, 2024|Legal FAQs|

https://electives.crd.realtor/ This information is only accurate as of 08/14/24. You must contact SCR for updates and changes to this information after 08/14/24 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 [...]

REALTOR Safety: Use FOREWARN APP: Risk Management

2024-08-14T09:11:03-05:00August 14th, 2024|Legal FAQs|

https://www.forewarn.com/demo-training/ Register for the 10 am August 26,2024 Monday Forewarn Zoom webinar.https://us06web.zoom.us/meeting/register/tZUtc-ugrT0vG9ZfhAyN8lF5dWhRuTWu1AiI#/registration Forewarn FAQs https://hub.forewarn.com/faqs Forewarn is part of your SCR membership benefits package. Forewarn is an "insta-background" check app that can search by phone numbers and names. There are limitations with Forewarn. Use for business as part of your overall REALTOR® safety plan. Read [...]

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