Legal FAQs

NAR information: NAR has long promoted written buyer agreements because they benefit consumers by clearly and transparently outlining the services a real estate professional will provide and how they are compensated. Currently, 27 states have enacted laws on written buyer agreements, with a significant number of these states passing legislation related to buyer agreements in… Continue Reading NAR Information: 27 States with Buyer Agency Agreements (August 2024)

Per NAR in August 2024: NAR has long promoted written buyer agreements because they benefit consumers by clearly and transparently outlining the services a real estate professional will provide and how they are compensated. Currently, 27 states have enacted laws on written buyer agreements, with a significant number of these states passing legislation related to… Continue Reading NAR Updated Buyer Agency States Count at 27

https://www.nar.realtor/legal/new-member-must-watch-list This information is only accurate as of 09/04/24. You must contact SCR for updates and changes to this information after 09/04/24 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 information is intended only to provide… Continue Reading NAR New Member Watch Video List

A top hotline under the new MLS rules is the compensation agreement and how a BB can get paid under the SCR120 Compensation Agreement. SCR120 is the current SCR compensation agreement. Definitions for this article: BB = Buyer Brokerage (agency/client or non-agency/customer/transaction-brokerage) B = Buyer *The Buyer paying their BB (e.g., SCR130/135/136/138) is the simplest… Continue Reading SCR120 Compensation Agreement Helpful Hints

https://www.nar.realtor/the-facts/179-ways-agents-who-are-realtors-are-worth-every-penny This information is only accurate as of 08/20/24. You must contact SCR for updates and changes to this information after 08/20/24 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 information is intended only to provide… Continue Reading 284 Ways that REALTORS Operate in a Deal = 179 Ways + 105 Ways

https://www.fcc.gov/general/can-spam#:~:text=Congress%20passed%20the%20CAN%2DSPAM,phones%E2%80%94not%20email%20in%20general. This information is only accurate as of 08/19/24. You must contact SCR for updates and changes to this information after 08/19/24 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 information is intended only to provide… Continue Reading Sending Commercial Email, Advertising, Comply with Federal Laws, CAN SPAM Act

1. Forms and Seller Class Action Lawsuits Settlement Questions (both #1) 2. Advertising, new license law requirements, etc. 3. License law, new license law issues 4. Ethics issues 5. State law issues 6. Agency 7. Disclosure 8. BIC, Brokerage Management, Risk Management 9. Compensation questions, new MLS rules, SCR120 compensation agreement 10. MLS, new MLS… Continue Reading July 2024: Top Ten, Fifteens Legal Hotlines

SCR mediator and ethics mediator ombuds training Oct 30 and Oct 31 and Nov 1 ($75, 8 am to noon). This will sell out. Register ASAP. 50 seats. EDUCATION OPPORTUNITIES Become a mediator this October through SCR's Mediation Training. Space is limited! This six-hour course is intended to provide fundamental training for new and intermediate… Continue Reading SCR mediator and ethics mediator ombuds training Oct 30 and Oct 31 and Nov 1 ($75, 8 am to noon)

SECTION 23-3-525. Notice by real estate brokerage about obtaining sex offender registry information. A real estate brokerage and its affiliated licensees is immune from liability for any act or omission related to the disclosure of information under this chapter if the brokerage or its affiliated licensees in a timely manner provides to its clients and… Continue Reading Sex Offender Risk Management, Megan’s Laws

https://electives.crd.realtor/ This information is only accurate as of 08/14/24. You must contact SCR for updates and changes to this information after 08/14/24 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 information is intended only to provide… Continue Reading NAR Offered ABR Electives for Designation