10. How to put a residential listing back on the market when a deal fails and the parties chose not to use due diligence so repair procedure disputes, etc. create the need to recommend all parties obtain legal counsel. Once warned, follow the seller direction. Next deal can be modified to allow the seller to… Continue Reading Top Ten Hotlines July 2021
Hotline has heard reports of buyers upset with their buyer agent for taking a selfie with them while presenting the keys to their new home or putting the sold sign in the yard together and then using that photo in marketing (e.g., social media posts). It cannot hurt to get permission. It cannot hurt to… Continue Reading Posting Photos of People
https://www.ada.gov/long_covid_joint_guidance.pdf Posted by: Byron King on 8/19/21 (This information is only accurate as of 8/19/21. You must contact SCR for updates and changes to this information after 8/19/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This market analysis may not be used for the purposes of obtaining financing in a federally related transaction. This can help exempt your report from being considered an appraisal by the LLR Appraisers Board resulting in your prosecution for performing an appraisal without a SC appraisers license. Never refer to your reports as appraisals. Safest… Continue Reading Put This Sentence On All BPO, CMA, RPR, ETC
Case #7-1: Acceptance of Compensation from Buyer and Seller Article 7 (Case Interpretations for Article 7) In a transaction, REALTORS® shall not accept compensation from more than one party, even if permitted by law, without disclosure to all parties and the informed consent of the REALTOR®’s client or clients. (Amended 1/93) [listen] Buyer A engaged… Continue Reading Ethics Case 7-1. You Decide!
28045 - Ray v. City of Rock Hill In this inverse condemnation action, Lucille Ray contends the City of Rock Hill committed an affirmative, positive, aggressive act by directing storm water under her home. The circuit court granted summary judgment to the City, and the court of appeals reversed. Ray v. City of Rock Hill,… Continue Reading Inverse Condemnation
Focus on business issues. Avoid providing information on the potential buyer's fair housing protected classifications: Race Color Religion Sex National Origin Familial Status Disability Sexual Orientation Gender Identity Since all of us fit into one or more of these fair housing protected classifications, best to focus on business issues only. In multiple offers, many buyers… Continue Reading How to Write a Risk Free (Fair Housing) Buyer Love Letter
https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/training/code-of-ethics-training-requirements-existing-members FREE NAR online ethics training at this link. CONTINUING EDUCATION online ethics training at this NAR link (not free). Posted by: Byron King on 8/16/21 (This information is only accurate as of 8/16/21. You must contact SCR for updates and changes to this information after 8/16/21 as laws and regulations may change over time.… Continue Reading Complete your 2.5 hours Ethics Training be 12/31/21
REALTORS® should avoid handling or encouraging buyer love letters, buyer love letter videos which are slang terms for communications in letter form or email or photos or videos from the buyer to seller in order to tug on the seller's heartstrings to win a multiple offer when they are not the highest and best terms… Continue Reading Problems: Fair Housing Love Letters (revealing protected class – kids, race, disability)
https://www.nar.realtor/legal-case-summaries/broker-denied-commission-for-lack-of-written-agreement Posted by: Byron King on 8/12/21 (This information is only accurate as of 8/12/21. You must contact SCR for updates and changes to this information after 8/12/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)