Legal FAQs

Earlier this morning (3/28/22) the Biden Administration's Property Appraisal and Valuation Equity (PAVE) Report was released online. You can find the full report here: Action Plan | pave.hud.gov The report reflects several months of work by the PAVE Task Force of 13 federal agencies led by HUD and White House. The Task Force assessed available… Continue Reading Appraising and Lending, White House and US HUD Incorporating Fair Housing Ideals

From the NAR appraisal group... At this time, the PAVE report has not yet been published. Stay tuned for PAVE report highlights. FYI "...many things are taking place, seemingly all at once, in the appraisal world. Here is most everything in one email. We have heard that the PAVE taskforce report will be released Wednesday… Continue Reading Appraisal Update (per the NAR Appraisal Group)

zipenterprise Posted by: Byron King on 03/22/22 (This information is only accurate as of 03/22/22. You must contact SCR for updates and changes to this information after 03/22/22 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 zipForms Helpdesk Contact

Mediation Training If you're keen to visit Chicago for some in-person training, sign up today for this fall's Mediator/Mediation training, taking place on Sept 7, 8, and 9. Space is limited to only 50 attendees, so don’t wait! For more information and to register, visit https://www.nar.realtor/events/mediator-mediation-training. This training is designed to refine your mediation skills.… Continue Reading NAR Mediation School Register Early

DOJ Information on ADA Website Accessibility Good morning! On Friday, March 18, 2022, the Department of Justice published information (click here) on web accessibility and the Americans with Disabilities Act (ADA). The DOJ does not provide a regulation setting out detailed standards, but has a new webpage with information about how state and local governments… Continue Reading NAR on USDOJ and Your Website and ADA

Guidance on Web Accessibility and the ADA | Beta.ADA.gov https://beta.ada.gov/web-guidance/ Guidance on Web Accessibility and the ADA This guidance describes how state and local governments and businesses open to the public can make sure that their websites are accessible to people with disabilities as required by the Americans with Disabilities Act (ADA). Learn more about… Continue Reading USDOJ on Website ADA

NAR and SCR were alerted to complications in deals with common ownership caused by 2022 updates to Freddie and Fannie procedures to help prevent safety issues resulting from common ownership of real estate with significant deferred maintenance. The new Freddie/Fannie procedures are risk management procedures that have resulted from the condo collapse in Florida (e.g.,… Continue Reading ALERT: 2022 Freddie/Fannie Procedures Update After Fla. Condo Collapse (Surfside)

The SCR310 residential resale contract addresses property taxes in Section #22 Adjustments: 22. ADJUSTMENTS: Buyer and Seller agree to settle or prorate, annually or as appropriate; as of Closing Date: (A) utilities and waste fees issued after Closing which include service for time Property was owned/occupied by Seller (B) real estate taxes and owner association… Continue Reading Buyers Talk to Tax Experts (e.g., lawyers, accountants) about Minimizing Property Taxes

Parties should consult their lawyers for all legal issues regarding real estate. Because legal documents controlling use of the real estate can change overnight with proper document recording, always refer these legal questions to the attorneys even if you have received closing attorney copies of title documents for your deal's same subdivision from a closing… Continue Reading Parties Should Get Legal/Title Information from Their Lawyers

https://www.nar.realtor/videos/window-to-the-law/video-audio-surveillance-2022 Posted by: Byron King on 03/01/22 (This information is only accurate as of 03/01/22. You must contact SCR for updates and changes to this information after 03/01/22 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 on Surveillance