Appraisers can look at the Cost Approach to Appraise. This may result in strong dollars since building materials costs are increasing. Other appraisal methods are the Comparable Sales Approach and the Income Approach. https://en.wikipedia.org/wiki/Cost_approach Posted by: Byron King on 6/02/21 (This information is only accurate as of 6/02/21. You must contact SCR for updates and… Continue Reading Cost Approach to Appraisal
https://www.wect.com/2021/05/03/brunswick-county-families-sue-claiming-home-elevators-failed-causing-serious-injuries/ Posted by: Byron King on 6/01/21 (This information is only accurate as of 6/01/21. You must contact SCR for updates and changes to this information after 6/01/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
Always assume surveillance! Behave in listings. Limit verbal communications on listed property. Text confidential information such as how much the buyer would pay for the property or derogatory comments about the property or the sellers or listing agent rather than stating aloud where verbal communications might be listened to by the seller side. Sellers get… Continue Reading SURVEILLANCE – microphones/cameras
SC Code exempt private elevators from annual inspections and requires of others. https://www.scstatehouse.gov/code/t41c016.php Risk management tip...consider recommending elevator/dumbwaiter inspections during SCR310 due diligence. A Pawleys Island couple who thought they bought a home with an elevator has been awarded $4.4 million by a jury that found the seller failed to disclose the feature actually was… Continue Reading Risk Management idea…Recommend Elevator/Dumbwaiter Inspections
https://scdhec.gov/environment/your-home/radon Posted by: Byron King on 5/25/21 (This information is only accurate as of 5/25/21. You must contact SCR for updates and changes to this information after 5/25/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
10. Team Issues 9. Vacation Rental Act Issues 8. Remarketing after a failed deal 7. Referral fees 6. Tax Issues 5. Earnest Money Issues 4. Ethics Issues 3. License Law Issues 2. Forms Issues 1. SC State Law Issues +700 Hotlines in April 2021. SCR provided ethics and forms classes via Zoom. Contact SCR legal… Continue Reading Top Ten HOTLINES (April 2021)
SCR310 can handle this issue of the PRICE exceeding the APPRAISED VALUE in several ways. SCR310 has a checkbox to include or not include an Appraisal Contingency. Hotline has heard reports of the Parties not agreeing to use the Appraisal Contingency. Obviously if used, the Appraisal Contingency can handle this situation in the stated manner.… Continue Reading SCR310 Agreed Price is Greater than Appraised Value
https://go.lexisnexis.com/landing-page/192295?utm_campaign=1-10744912572_M-2021+CL+TGC+Regulatory+Compliance+Co-branded+EM+May_1-10101618501&utm_medium=email&utm_source=broadcast&utm_term=Mkt+Large+CL&utm_content=cta1_B&access=1-10101618501&treatcd=1-10744912572 Posted by: Byron King on 5/13/21 (This information is only accurate as of 5/13/21. You must contact SCR for updates and changes to this information after 5/13/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.og)
https://www.nexsenpruet.com/insights/gig-worker-friendly-independent-contractor-test-withdrawn-by-department-of-labor Posted by: Byron King on 5/12/21 (This information is only accurate as of 5/12/21. You must contact SCR for updates and changes to this information after 5/12/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
https://www.nar.realtor/2020-nar-doj-agreement-regarding-mls-rules https://www.nar.realtor/legal/hot-topics-for-brokers Posted by: Byron King on 5/11/21 (This information is only accurate as of 5/11/21. You must contact SCR for updates and changes to this information after 5/11/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.og)