https://uscode.house.gov/view.xhtml?req=(title:26%20section:3508%20edition:prelim) Posted by: Byron King on 5/04/21 (This information is only accurate as of 5/04/21. You must contact SCR for updates and changes to this information after 5/04/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)
Rough Draft Escalation Clause/Escalator Clause LAWYER DRAFTED ESCALATOR/ESCALATION CLAUSES ARE NOT ILLEGAL IN SOUTH CAROLINA. REAL ESTATE LICENSEES WITHOUT A LAW LICENSE SHOULD NEVER CREATE PHRASES OR SENTENCES OR SENTENCE FRAGMENTS IN LEGAL CONTRACTS WITHOUT LAWYER OVERSIGHT. CALL THE HOTLINE 803-772-5206 if you need attorney language. SCR STANDARD FORMS ARE DRAFTED UNDER LAWYER SUPERVISION ALONGSIDE [...]
SCR encourages BICs and their associated licensees to get their written separation agreements in place before separation occurs and while relationships are on good terms. Manage separation expectations in written legal agreements. Everyone will eventually separate. Agents move brokerages, brokerages merge/dissolve, business gets good, business declines, people retire, people change careers, life happens, people get [...]
Stay tuned for more info from SCR ASAP on this great news! https://www.nexsenpruet.com/insights/at-long-last-south-carolina-passes-covid-19-liability-immunity Posted by: Byron King on 4/28/21 (This information is only accurate as of 4/28/21. You must contact SCR for updates and changes to this information after 4/28/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)
https://schousing.com/home/sc-stay-plus On April 27th, SCR CEO posted a podcast to his Facebook page where he interviews Chris Winston of SC Housing Authority on various issues including rental assistance. SC Housing Authority (and 6-7 large SC counties) will distribute federal rental assistance funds in May. Apply asap. Several large counties will also distribute federal rental assistance [...]
On April 27th, SCR CEO Nick Kremydas posted his podcast with Christ Winston of SC Housing Authority. https://schousing.com/home/sc-stay https://www.wltx.com/article/news/local/schousing-rental-utility-assistance-scstayplus-may/101-159934a2-4834-436f-b9c1-60ccf5f246d7 https://www.wistv.com/2021/04/27/millions-more-rent-utility-assistance-coming-sc/ https://www.schousing.com/home/COVID-19-Forbearance https://www.justia.com/covid-19/50-state-covid-19-resources/eviction-mortgage-foreclosure-relief-during-covid-19-50-state-resource/ https://www.consumer.sc.gov/consumer-resources/help-homeowners https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/help-for-homeowners/request-forbearance-or-mortgage-relief/ Posted by: Byron King on 4/28/21 (This information is only accurate as of 4/28/21. You must contact SCR for updates and changes to this information after 4/28/21 as laws and regulations [...]
SCR501 Independent Contractor Agreement requires the BIC and associated licensees are licensed. Good to renew annually to ensure everyone is licensed. https://screaltors.org/wp-content/uploads/Forms/501.pdf You can look your license up at LLR website to ensure you have an active real estate license. BICs double check your licensees are active licensees regularly. Licensees check your own license for [...]
Contact the SCR Hotline attorneys at 803-772-5206 Byron Austin TPitts (Tiara also is the Fair Housing Program Director) There were almost 800 hotlines in March (780+) The top TEN Hotlines in March 2021: The first five are the classic top hotline issues: 1. Forms questions 2. License Law questions 3. State Law questions 4. OTHER [...]
SCR forms webinar April 19, 2021! SCR Forms Update Webinar Coming Soon Join SCR Director of Legal & Regulatory Affairs, Austin Smallwood, Esq. as he discusses changes to the SCR 518, 504, 505, 500 and 330 in this webinar on April 19th at 1:00 pm. To register: https://screaltors-org.zoom.us/webinar/register/WN_Rx4ZCueLRa6a1z38qCmNhA This webinar will also be live-streamed, recorded [...]
Magic words to use in all your BPO’s and CMA’s: "This market analysis may not be used for the purposes of obtaining financing in a federally related transaction". THIS IS NOT AN APPRAISAL. I have presented the dollars for this property as PRICE, not VALUE. The SC LLR Appraisers Board has stated that only licensed [...]