NAR Code of Ethics:
Article 9
Realtors®, for the protection of all parties, shall assure whenever possible that all agreements related to real estate transactions including, but not limited to, listing and representation agreements, purchase contracts, and leases are in writing in clear and understandable language expressing the specific terms, conditions, obligations and commitments of the parties. A copy of each agreement shall be furnished to each party to such agreements upon their signing or initialing. (Amended 1/04)
• Standard of Practice 9-1
For the protection of all parties, Realtors® shall use reasonable care to ensure that documents pertaining to the purchase, sale, or lease of real estate are kept current through the use of written extensions or amendments. (Amended 1/93)
• Standard of Practice 9-2
When assisting or enabling a client or customer in establishing a contractual relationship (e.g., listing and representation agreements, purchase agreements, leases, etc.) electronically, Realtors® shall make reasonable efforts to explain the nature and disclose the specific terms of the contractual relationship being established prior to it being agreed to by a contracting party. (Adopted 1/07)
SC License Law:
(H) With regard to offers to purchase real estate, a licensee shall:
(1) upon receipt, prepare all offers in writing and promptly present them to the seller;
(2) upon obtaining a written acceptance of an offer, promptly deliver true, executed copies to all parties;
(3) ensure that all of the terms and conditions of the transaction are included in the offer to purchase; and
(4) ensure that changes or modifications made during negotiation are in writing and initialed and dated by both parties before proceeding with the transaction
Ways to comply can include: using zipForms mobile on your phone/tablet for finger signing and emailing copies, carrying extra copies, making copies at any available copier, taking mobile phone photos and texting the photos, etc.
Posted by : Byron King on 9/24/18 (This information is only accurate as of 9/24/18. You must contact SCR for updates and changes to this information after 9/24/18 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)