Legal FAQs

SC COVID Liability Limitations Article – Good News!

2021-04-28T13:21:26-05:00April 28th, 2021|Legal FAQs|

Stay tuned for more info from SCR ASAP on this great news! https://www.nexsenpruet.com/insights/at-long-last-south-carolina-passes-covid-19-liability-immunity Posted by: Byron King on 4/28/21 (This information is only accurate as of 4/28/21. You must contact SCR for updates and changes to this information after 4/28/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

Rental Assistance Money from Feds to SC Housing and Six to Seven Large SC Counties

2021-04-28T10:15:43-05:00April 28th, 2021|Legal FAQs|

https://schousing.com/home/sc-stay-plus On April 27th, SCR CEO posted a podcast to his Facebook page where he interviews Chris Winston of SC Housing Authority on various issues including rental assistance. SC Housing Authority (and 6-7 large SC counties) will distribute federal rental assistance funds in May. Apply asap. Several large counties will also distribute federal rental assistance… Continue Reading Rental Assistance Money from Feds to SC Housing and Six to Seven Large SC Counties

Rental Assistance News (and Mortgage Assistance)

2021-04-28T10:04:54-05:00April 28th, 2021|Legal FAQs|

On April 27th, SCR CEO Nick Kremydas posted his podcast with Christ Winston of SC Housing Authority. https://schousing.com/home/sc-stay https://www.wltx.com/article/news/local/schousing-rental-utility-assistance-scstayplus-may/101-159934a2-4834-436f-b9c1-60ccf5f246d7 https://www.wistv.com/2021/04/27/millions-more-rent-utility-assistance-coming-sc/ https://www.schousing.com/home/COVID-19-Forbearance https://www.justia.com/covid-19/50-state-covid-19-resources/eviction-mortgage-foreclosure-relief-during-covid-19-50-state-resource/ https://www.consumer.sc.gov/consumer-resources/help-homeowners https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/help-for-homeowners/request-forbearance-or-mortgage-relief/ Posted by: Byron King on 4/28/21 (This information is only accurate as of 4/28/21. You must contact SCR for updates and changes to this information after 4/28/21 as laws and regulations… Continue Reading Rental Assistance News (and Mortgage Assistance)

Ensure You and Your Colleagues are Licensed

2021-04-27T13:23:30-05:00April 27th, 2021|Legal FAQs|

SCR501 Independent Contractor Agreement requires the BIC and associated licensees are licensed. Good to renew annually to ensure everyone is licensed. https://screaltors.org/wp-content/uploads/Forms/501.pdf You can look your license up at LLR website to ensure you have an active real estate license. BICs double check your licensees are active licensees regularly. Licensees check your own license for… Continue Reading Ensure You and Your Colleagues are Licensed

Risk Management: Use Current Forms + Recommend Legal Counsel asap

2021-04-15T13:14:58-05:00April 15th, 2021|Legal FAQs|

SCR forms webinar April 19, 2021! SCR Forms Update Webinar Coming Soon Join SCR Director of Legal & Regulatory Affairs, Austin Smallwood, Esq. as he discusses changes to the SCR 518, 504, 505, 500 and 330 in this webinar on April 19th at 1:00 pm. To register: https://screaltors-org.zoom.us/webinar/register/WN_Rx4ZCueLRa6a1z38qCmNhA This webinar will also be live-streamed, recorded… Continue Reading Risk Management: Use Current Forms + Recommend Legal Counsel asap

BPO CMA – Always Include in Report to Avoid LLR Appraisers Board Issues

2021-04-12T15:24:48-05:00April 12th, 2021|Legal FAQs|

Magic words to use in all your BPO’s and CMA’s: "This market analysis may not be used for the purposes of obtaining financing in a federally related transaction". THIS IS NOT AN APPRAISAL. I have presented the dollars for this property as PRICE, not VALUE. The SC LLR Appraisers Board has stated that only licensed… Continue Reading BPO CMA – Always Include in Report to Avoid LLR Appraisers Board Issues

Richland County Taking Rental Assistance Applications (April 5)

2021-04-12T13:27:09-05:00April 12th, 2021|Legal FAQs|

Federal Money for rental assistance (e.g., tenants, landlords) available now. 6 large SC counties are administering their federal rental assistance. SC Housing is administering federal rental assistance for the other counties. SCR CEO Nick Kremydas plans to interview the program director at SC Housing on their federal rental assistance program on Friday. http://www.richlandcountysc.gov/ https://www.wistv.com/2021/03/29/richland-co-announces-phone-online-portal-rental-assistance-program/ https://www.wltx.com/article/money/rental-assistance-program-richland-county-south-carolina/101-55c49260-8600-4be9-ae30-205fd4b79a99… Continue Reading Richland County Taking Rental Assistance Applications (April 5)

Rental Assistance from Feds for Tenants and Landlords back to March 2020

2021-04-12T13:25:56-05:00April 12th, 2021|Legal FAQs|

Rental assistance money for tenants and landlords from the feds. https://www.postandcourier.com/business/sc-has-346m-to-help-with-overdue-rent-and-utility-bills-heres-how-to-get/article_4d4f45de-9882-11eb-9924-57aac6e55df1.html Keep a lookout for more info in the SCR e-newletters in the near future! Please send your rental assistance success stories to SCR (e.g., landlords, tenants). 6 large SC counties will administer the money. The other SC counties that did not qualify for population… Continue Reading Rental Assistance from Feds for Tenants and Landlords back to March 2020

Ways to Prevail in Multiple Offers (Don’t Forget SCR391 – Backup Clause!)

2021-04-12T13:25:02-05:00April 12th, 2021|Legal FAQs|

https://www.inman.com/2021/04/05/the-inman-handbook-on-how-to-win-a-bidding-war/?utm_source=saturdaysendnonselect&utm_medium=email&utm_campaign=saturdaysend&utm_content=847405_textlink_1_20210410 Posted by: Byron King on 4/12/21 (This information is only accurate as of 4/12/21. You must contact SCR for updates and changes to this information after 4/12/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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