LLR Acting Director reports LLR SCREC notified all real estate schools that LLR will begin a social security base search required for all new real estate applicants. Posted by: Byron King on 06/23/22 (This information is only accurate as of 06/23/22. You must contact SCR for updates and changes to this information after 06/23/22 as… Continue Reading LLR Reports SSN Search All New RE Applicants
After a week of calls on the new strictly Due Diligence contract the SCR Legal Team wanted to highlight the three most common questions/issues we've gotten as well as the answers to those questions. Can I draft an addendum to the contract in order to "fix" or "add to" Due Diligence? REALTORS® should not under any circumstances… Continue Reading Tips to avoid mistakes on new strict Due Diligence contract per Legal Hotline
Currently, the SCR310 and SCR300 are due diligence legal agreements. For over ten years, many licensees have had thousands of clients where due diligence was utilized in the parties' best interests (e.g., seller gets the due diligence termination dollars if the buyer timely/properly walks, seller gets lukewarm buyers out of the way faster, buyer can… Continue Reading Legal Update Due Diligence
Real estate is competition. Brokers competing is good for consumers. https://www.nar.realtor/competition-in-real-estate Posted by: Byron King on 06/10/22 (This information is only accurate as of 06/10/22. You must contact SCR for updates and changes to this information after 06/10/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email… Continue Reading Real Estate is Competitive
Here is the procedure that SCREC and NAR ethics require: A listing agent always does one of these three things when a buyer's offer is sent to the listing agent: 1. Properly communicate in writing the seller accepted the buyer's offer. 2. Properly communicate in writing the seller counter offers the buyer's offer. 3. Send… Continue Reading Offer/Counteroffer Rejection Form, SCR314, Both Sides
Hotline is getting calls about what conveys and what does not convey on a residential re-sale deal using SCR310, especially involving issues like smart doorbells, mounted cameras, mounted microphones, mounted televisions, mounted speakers, refrigerators, stoves, ice makers, washer/dryer, sheds, playground equipment, chandeliers, fountains, above ground non-built in spas/pools, etc. The safe answer is to write… Continue Reading Smart Doorbells, Mounted TVs, Mounted Speakers, Fridge, Linens, Spa
https://www.scag.gov/media/1fao01ey/02921998.pdf Posted by: Byron King on 06/06/22 (This information is only accurate as of 06/06/22. You must contact SCR for updates and changes to this information after 06/06/22 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 Hospitality Funds for Parks/Flood Control
https://www.nar.realtor/realtors-are-good-neighbors/2022-realtor-volunteer-days?cid=ban_RGN0337 Posted by: Byron King on 06/06/22 (This information is only accurate as of 06/06/22. You must contact SCR for updates and changes to this information after 06/06/22 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 Volunteer Week
SC AG: https://www.scag.gov/media/ew4hd1fx/02980954.pdf Posted by: Byron King on 06/06/22 (This information is only accurate as of 06/06/22. You must contact SCR for updates and changes to this information after 05/31/22 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… Continue Reading Joint Industrial or Business Parks
Reports are this email went to SC licensees on May 27, 2022: This communication is to notify SC Real Estate Licensees of two important updates: alternative name registration and a full exemption from continuing education requirements for salespersons and brokers that meet certain criteria. Alternative Name Registration First, if you would like to identify yourself… Continue Reading LLR SCREC on Alternative Name and CE Exemption Issues