Legal FAQs

March 9 NAR Ethics Training: Fair Housing, Article 10

2021-03-08T09:41:10-05:00March 8th, 2021|Legal FAQs|

Tuesday, March 9 Breaking Down the Changes in the Code: Redefining Public Trust Time: 11:00 am – 12:00 pm CST Facilitator: Leigh York Topic: What does the change in the definition of public trust mean? https://www.nar.realtor/events/breaking-down-the-changes-to-the-code NAR will be discussing the definition of public trust. All are welcome to attend and the session will be [...]

Post Closing, Need to Get Money to Buyers for Problems/Issues

2021-03-04T17:23:24-05:00March 4th, 2021|Legal FAQs|

Post closing issues that involve money changing hands to solve, one way to handle it is to use mediation in lieu of litigation to obtain a written agreement regarding the money exchanged in lieu of filing litigation, filing ethics complaints, filing license law complaints, etc. SCR offers free Zoom mediation currently. https://screaltors.org/mediation/ If mediation fails, [...]

NAR Legal on MSA’s and RESPA

2021-03-04T15:34:16-05:00March 4th, 2021|Legal FAQs|

https://magazine.realtor/law-and-ethics/feature/article/2021/03/welcome-clarity-on-respa Posted by: Byron King on 3/4/21 (This information is only accurate as of 3/4/21. You must contact SCR for updates and changes to this information after 3/3/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

Photos!

2021-03-04T12:56:49-05:00March 4th, 2021|Legal FAQs|

https://magazine.realtor/technology/feature/article/2019/09/wait-that-s-my-listing-photo Posted by: Byron King on 3/4/21 (This information is only accurate as of 3/4/21. You must contact SCR for updates and changes to this information after 3/3/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

Ethics Case 12-5. You Decide! Advertising Role in Sales After Changing Firm Affiliation

2021-03-04T12:31:10-05:00March 4th, 2021|Legal FAQs|

Case #12-25: Advertising Role in Sales After Changing Firm Affiliation REALTOR® Q was a non-principal broker licensed with ABC REALTORS®. REALTOR® Q specialized in buyer representation. A prominent feature on her website carried the headline, “I sold these—and I can help you buy or sell, too!” Under the headline was a list of over a [...]

NAR 2.5 ethics hours every 3 years, LLR 3 CE hours every 2 years, Some Local Associations up to 6 hours risk reduction hours every 2 years

2021-03-04T12:02:22-05:00March 4th, 2021|Legal FAQs|

NAR requires 2.5 ethics hours every three years (December 31, 2021). https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/code-of-ethics-training-requirement-now-every-three-years LLR requires 10 CE hours every two years (June 30 of your renewal year). https://www.scstatehouse.gov/code/t40c057.php Local Associations may require another 6 hours biennially of risk reduction education per the below. https://www.nar.realtor/about-nar/governing-documents/nar-constitution-bylaws "A Board rule requiring that Board Members attend, on at least a [...]

10 hours CE for LLR every 2 years… and 2.5 hours ethics for NAR every 3 years

2021-03-04T11:41:07-05:00March 4th, 2021|Legal FAQs|

https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/code-of-ethics-training-requirement-now-every-three-years Since 2001, REALTORS® have been required to take Code of Ethics training to retain their membership. Originally, the training was required every four years, but in 2017, NAR changed the requirement to every two years. A presidential advisory group (PAG), appointed in 2019, made several recommendations to the NAR Leadership Team. One of its [...]

NAR Fair Housing Info

2021-03-03T12:16:57-05:00March 3rd, 2021|Legal FAQs|

https://www.nar.realtor/fair-housing Posted by: Byron King on 3/3/21 (This information is only accurate as of 3/3/21. You must contact SCR for updates and changes to this information after 3/3/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

Good news from LLR Director Farr today: Brokers will now be notified when agents transfer online or otherwise!

2021-03-02T13:42:23-05:00March 2nd, 2021|Legal FAQs|

Good news from LLR Director Farr today: Brokers aka BICs will now be notified when agents aka associated licensees transfer from your brokerage online or otherwise (e.g., in person at LLR). So, keep your contact information accurate at LLR SC Real Estate Commission. SCR risk management recommendation: always have a written proper independent contractor agreement [...]

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