BEWARE - the crooks use email and texting. Only rely on wire instructions and phone numbers that are not from email/text. Before writing a large amount of money to the closing law firm, consider wiring a small amount of money as a TEST WIRE. Then, verify the right law firm got the test wire small… Continue Reading WIRE FRAUD – Test Wire Small Amount of Money B4 Send Large Amount of Money
SC State Government's alert: https://www.llr.sc.gov/re/News/FakeSeller-VacantLots.pdf# US Secret Service alert: https://marketing.certifid.com/hubfs/Real%20Estate%20Scams%20-%20Vacant%20Properties.pdf?hsCtaTracking=7bae42e4-1fe7-4d0e-814d-2d84127c35b3%7C676da0bd-1256-412e-bd78-267c9f961ccb NC State Government alert: https://bulletins.ncrec.gov/fake-seller-fake-buyer-scam-alerts/ FL State Government alert: https://flarecs.com/resources/blog/295-scam-involving-sale-of-vacant-lots-is-back-don-t-get-fooled-again Posted by: Byron King on 03/21/23 (This information is only accurate as of 03/21/23. You must contact SCR for updates and changes to this information after 03/21/23 as laws and regulations may change over time.… Continue Reading Vacant Land Sales Scams Alerts, SCREC, US Secret Service, NCREC, FLREC
SCR130 Exclusive Right to Buy Buyer Agency Agreement ERTB BAA As of today (3/20/23) in order to use the updated SCR130, you will write in your compensation either as a dollar amount (fill in the blank) or as a percentage of the purchase price (fill in the blank). Be very careful to never say that… Continue Reading SCR130 Updates Today (3/20/23) ERTB BAA
https://llr.sc.gov/re/recpdf/TrustAccountBook.pdf Posted by: Byron King on 03/20/23 (This information is only accurate as of 03/20/23. You must contact SCR for updates and changes to this information after 03/20/23 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 LLR SCREC Trust Account Guidelines
You worked hard to get your real estate license and your REALTOR® membership. You provide a valuable service to consumers. You work hard to maintain your real estate license and your REALTOR® membership. So be confident in explaining your services and your compensation. https://www.nar.realtor/magazine/tools/client-education/handouts-for-buyers/7-reasons-to-work-with-a-realtor https://www.nar.realtor/magazine/real-estate-news/sales-marketing/why-you-should-tell-clients-how-youre-compensated https://www.inman.com/2017/06/09/buyers-agents-are-your-services-really-free/ NAR Code of Ethics Article 12 REALTORS® shall be… Continue Reading Don’t Advertise Your Services are Free Unless Your Services are Free
https://www.nar.realtor/legal-case-summaries/disclosure-suit-against-brokers-rejected-by-court Posted by: Byron King on 03/17/23 (This information is only accurate as of 03/17/23. You must contact SCR for updates and changes to this information after 03/17/23 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 Buyer Agent Sued in Disclosure Issues, Court Rules in Agent’s Favor, Takeaways
https://www.facebook.com/watch/live/?ref=watch_permalink&v=213934807111359 Posted by: Byron King on 03/17/23 (This information is only accurate as of 03/17/23. You must contact SCR for updates and changes to this information after 03/17/23 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 – Kate Lawton – Social Media Issues – Code of Ethics
https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/avoid-legal-snafus-around-canceled-contracts?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=8580A497-475F-4EC7-AB51-A5672128DE36 https://www.nar.realtor/videos/window-to-the-law/navigating-a-contract-termination Generally, no one likes when the hotline recommends that everyone hires their trial lawyers asap. So, SCR provides several ways to help avoid litigation (e.g., due diligence, contingencies, mediation, call the hotline before legal issues happen or deadlines are missed, training, education, forms, addenda, checkboxes, due diligence termination fee). Perhaps, use technology to… Continue Reading NAR: Your Contract Fails to Close, What Now? Settlement? Move on? Litigation?
https://www.nar.realtor/safety Posted by: Byron King on 03/15/23 (This information is only accurate as of 03/15/23. You must contact SCR for updates and changes to this information after 03/15/23 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 on Safety. FOREWARN Augments Your Safety Programs
The SCR attorneys have been discussing the benefits and risks of using FOREWARN. Everything has benefits and risks. First, the benefits. FOREWARN rapidly searches many public databases for public information on potential real estate consumers. FOREWARN information used in compliance with laws and rules can be an important part of your overall safety plan. https://www.nar.realtor/safety… Continue Reading FOREWARN Thoughts…