https://www.nar.realtor/code-of-ethics-and-arbitration-manual/case-interpretations Posted by: Byron King on 07/12/22 (This information is only accurate as of 07/12/22. You must contact SCR for updates and changes to this information after 07/12/22 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 Case Interpretations
If you have listings, your listings are at risk from overseas organized crooks using the listing information on the internet to create fake rental ads on Facebook, Craigslist, others and stealing money from potential tenants. Defenses: Post "NOT FOR RENT" signs at the listing and in the photos. Create Google Alerts for all your listings’… Continue Reading Online Scams, Too Good to Be True?!?!
https://sodacitybizwire.com/sc-bar-members-set-up-sixth-homeless-court-in-rock-hill Posted by: Byron King on 06/30/22 (This information is only accurate as of 06/30/22. You must contact SCR for updates and changes to this information after 06/30/22 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 Fair Housing News: Homeless Courts
Get better at technology designed to make your job of practicing real estate more efficient and impressive. Take some training. Here is a link to the Lone Wolf, zipForms training (online, live, recorded). Stay tuned for updates coming this fall! https://www.lwolf.com/services/training Posted by: Byron King on 06/30/22 (This information is only accurate as of 06/30/22.… Continue Reading Lone Wolf, zipForms Training (Online, Live, Recorded)
On July 1, the SC LLR SCREC updates their seller disclosure aka RPCDS Residential Property Condition Disclosure Statement aka SCR230. It is a one sentence change. See page 5 of 5. https://llr.sc.gov/re/recpdf/Property-Condition-Disclosure-Statement.pdf "Purchaser has sole responsibility for investigating off-site conditions of the property including, but not limited to, adjacent properties being used for agricultural purposes."… Continue Reading July 1 SCLLR SCREC Forms Change, SCR230 aka the Seller Disclosure UPDATES!
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