Legal FAQs

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https://www.nexsenpruet.com/insights/gig-worker-friendly-independent-contractor-test-withdrawn-by-department-of-labor Posted by: Byron King on 5/12/21 (This information is only accurate as of 5/12/21.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)

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)

Lots of recent national news about the CDC eviction moratorium. A judge recently struck down the CDC order, then that order was immediately appealed so that order is currently stayed. That news provides even more reason for you to not try simple evictions right now and instead recommend the landlord hire a law firm to… Continue Reading Evictions: RECOMMEND LANDLORDS HIRE LAW FIRM, ALSO APPLY FOR MONEY ASAP

In May 2021; nationally known flood insurance consultant Lisa Sharrard recommends that all property owners consider buying some amount of flood insurance to be in effect before Flood Insurance 2.0 goes into effect October 1, 2021 in order to be in a position to decide which pricing system works best for them going forward (e.g.,… Continue Reading Flood Insurance Risk Rating 2.0