Legal FAQs

https://www.inman.com/2022/11/09/homeowner-benefit-agreements-in-spotlight-amid-mv-realty-probe/ Posted by: Byron King on 11/17/22 (This information is only accurate as of 11/17/22. You must contact SCR for updates and changes to this information after 11/17/22 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 Long/Marketing Agreements

The changes go into effect January 1, 2023. Here are the revisions to Article 10: “REALTORS shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap disability, familial status, national origin, sexual orientation, or gender identity. Realtors shall not be parties to any plan or agreement to discriminate… Continue Reading NAR Professional Standards Change in 2023 (Handicap to Disability)

Your zipForms Lone Wolf product has a paid identification verification product to help identify sellers prior to allowing signing the listing agreement, etc. https://lwolf.force.com/s/article/Use-Identify-Verification-zipForm-Standard It uses those public database questions that you likely have answered to verify yourself online. Which of the following streets have you never lived upon? A. Oak St B. Main St… Continue Reading Fake Seller Scam – Verify the Seller

Remind your buyers to apply for a homestead tax exemption discount as they turn 65 or are disabled or are blind. SECTION 12-37-250. Homestead exemption for taxpayers sixty-five and over or those totally and permanently disabled or legally blind. (A)(1) The first fifty thousand dollars of the fair market value of the dwelling place of… Continue Reading Homeowner Property Tax Discount Apply (65+, Disabled, Blind)…July

Replace HANDICAP with DISABILITY terminology. Duties to the Public Article 10 REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. REALTORS® shall not be parties to any plan or agreement to discriminate against a person or persons… Continue Reading NAR BOD Article 10 Update

SCR’S COMMITMENT TO ANTITRUST COMPLIANCE The South Carolina Association of REALTORS® is a not-for-profit trade association devoted to improving the business conditions of the real estate industry. SCR meetings and events often include real estate professionals and other industry stakeholders who compete with each other or work for competing businesses. SCR is committed to conducting… Continue Reading SCR’S COMMITMENT TO ANTITRUST COMPLIANCE

Reports in SC and USA of real estate scams. Vacant land (fake seller) listing and sale scam (typical parameters): 1. The Licensee gets a cold email from a distant seller wanting to list and sell vacant land. 2. The transaction is conducted via the internet. 3. The closing attorney wires proceeds to the fake seller.… Continue Reading Scams TGTBT Vacant Land (fake seller) Scams

https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/first-amendment-argument-wins-the-day Posted by: Byron King on 10/27/22 (This information is only accurate as of 10/27/22. You must contact SCR for updates and changes to this information after 10/27/22 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 Update on Oregon Buyer Love Letter Trial/Appeals…Can do, but discuss fair housing risks

6% owners should file in January to gain a tax break (e.g., 25% valuation discount). Forget? Forgot? File in the next January. January is a government administration requirement for this issue. Many counties have the application form on their website. It may be tricky to find. Please alert all your 6% clients to this potential… Continue Reading Potential Tax Break for 6% property owners/investors…File in January’s

https://www.live5news.com/2022/09/16/moncks-corner-property-owners-see-15-percent-tax-increase/ Posted by: Byron King on 10/27/22 (This information is only accurate as of 10/27/22. You must contact SCR for updates and changes to this information after 10/27/22 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 Moncks Corner Increases Property Tax Millage