Legal FAQs

LLR SCREC newsletter on wholesaling (aka house flipping, assignment): LLR SCREC Newlsetter: https://llr.sc.gov/re/RECPDF/RECNews-May2022.pdf Posted by: Byron King on 05/14/22 (This information is only accurate as of 05/14/22. You must contact SCR for updates and changes to this information after 05/14/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org… Continue Reading LLR SCREC Newlsetter on Wholesaling, House Flipping, Assignment

NAR Data Security and Privacy Toolkit - Updated We just wanted to make you aware that the NAR Data Security and Privacy Toolkit was just updated, and is now available for anyone to download at nar.realtor. The Toolkit was updated to reflect changes in the law, and to align with current governmental guidance and industry… Continue Reading NAR Data Security and Privacy Toolkit – Updated

https://www.nar.realtor/breaking-news/special-report-from-the-may-6-2022-board-of-directors-meeting Posted by: Byron King on 05/10/22 (This information is only accurate as of 05/10/22. You must contact SCR for updates and changes to this information after 05/10/22 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 BOD Approves Changes to Professional Standards

https://llr.sc.gov/re/renewals.aspx Renewals 2022 Real Estate Renewals will open on May 2, 2022. IMPORTANT NOTE FOR 2022 RENEWALS: Salespersons, Brokers/BIC's and Property Managers/PMIC's renewing as "Active" or reactivating after 2022 renewal will be required to have a fingerprint based background check. Instructions were emailed to all licensees with a June 30, 2022 expiration date. If you… Continue Reading May 2nd, LLR Renewals Open

The Fiscal Year 2022 Notice of Funding Opportunity (NOFO) for the FEMA National Earthquake Hazards Reduction Program (NEHRP), Individual State Earthquake Assistance (ISEA) and Multi-State and National Earthquake Assistance (MSNEA) grants are now on www.grants.gov. In addition to detailing eligibility and submission requirements, these funding opportunities provide a program overview including objectives, priorities and allowable… Continue Reading FEMA Grants – Earthquake Hazards Reduction Program

https://www.youtube.com/watch?v=af6wfWlkcbw The SCR forms update is currently scheduled for June 13, 2022. Posted by: Byron King on 04/28/22 (This information is only accurate as of 04/28/22. You must contact SCR for updates and changes to this information after 04/28/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or… Continue Reading SCR310 Due Diligence Video (broadcast 4/28/2022)

Titled excerpts below from the NAR COEAM (Code of Ethics and Arbitration Manual): Thoughts on how to file a "solid" ethics complaint: ...educating the Professional Standards Committee members as to the role of the grievance committee as outlined in Section 18, for example. It might also be helpful if potential complainants are given Appendix X… Continue Reading Thoughts on the NAR COEAM and Filing “Solid” Ethics Complaints…

Here is the LLR CE page: https://llr.sc.gov/re/ce.aspx From a link on that LLR page, members can create their log in for CE Broker. LLR contracts with CE Broker so the member can log in and check their CE issues: https://launchpad.cebroker.com/ Other CE questions, contact LLR SCREC at 803-896-4400. Posted by: Byron King on 04/18/22 (This… Continue Reading Check Your LLR CE Issues

https://www.hud.gov/press/press_releases_media_advisories/hud_no_22_060 https://www.justice.gov/opa/pr/justice-department-alleges-disability-discrimination-amended-lawsuit-concerning-design-and HUD No. 22-060 HUD Public Affairs (202) 708-0685 FOR RELEASE Tuesday April 5, 2022 HUD MAKES ADDITIONAL $3.3 MILLION IN AMERICAN RESCUE PLAN FUNDS AVAILABLE TO FIGHT HOUSING DISCRIMINATION RELATED TO THE CORONAVIRUS PANDEMIC WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making an… Continue Reading Fair Housing News in Fair Housing Month of April

FANNIE MAE ADOPTS APPRAISAL STANDARD FOR SQUARE FOOTAGEAppraisers will be required to use a new Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective dates of April 1, 2022 or later on loans sold to Fannie Mae. Historically,… Continue Reading NAR Appraisal News