SCR News Feed

https://www.narfocus.com/publication-issue/view/2024-07-15-business-money-laundering-and-terrorism-financing-1 This information is only accurate as of 11/04/24. You must contact SCR for updates and changes to this information after 11/04/24 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 information is intended only to provide… Continue Reading BOI FINCEN Corporate Transparency Act, Beneficial Ownership Interest, Register

https://www.nar.realtor/ae/aexperience/crafting-an-ai-use-policy This information is only accurate as of 10/30/24. You must contact SCR for updates and changes to this information after 10/30/24 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 information is intended only to provide… Continue Reading NAR Legal on Creating an Ai Policy

https://www.nar.realtor/legal/new-member-must-watch-list This information is only accurate as of 10/30/24. You must contact SCR for updates and changes to this information after 10/30/24 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 information is intended only to provide… Continue Reading NAR Legal: New Member Must Watch NAR Legal Video List

A New Mexico court ruling offers an important reminder to brokers: Don’t make a vendor recommendation unless you’re sure the vendor is reliable, licensed and insured. In this case, after a broker-recommended contractor accidentally destroyed the sellers’ home, the court found the broker negligent in his duty of reasonable care. Read in REALTOR® Magazine. https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/always-vet-your-vendors… Continue Reading NAR Magazine: Be Cautious with Your Recommended Service Providers and Vendors

https://llr.sc.gov/re/News/NAR-Settlement-and-SC-Law-Guidance-10.11.2024.pdf Since electronic communication is now widespread with the public and licensees, recent technology has now made it more convenient to explain and provide an executed copy of the LLR SCREC SCDREBR to a consumer when you initially communicate about real estate and before showing real estate properties (e.g., virtual showings, physical showings, touring properties).… Continue Reading LLR SCREC on SCDREBR (aka SCR110)

REALTORS® should review the information below regarding your membership duties. REALTORS® may contact legal counsel asap if contacted by NAR or NAR's outside legal investigative counsel regarding you potentially being investigated for potential violations of your NAR membership duties so your legal counsel can represent you in the communications and investigation and possibly the discipline… Continue Reading NAR: Member Code of Conduct, Member Accountability Committee

From LLR SCREC to licensees: Please be advised the previous eblast regarding the Commission's guidance of the NAR settlement inquiries contained erroneous information. For correct guidance, please visit the Commission's website, https://lIr.sc.gov/re/, and click on the Alert titled "Recent Settlement and SC Law". For more information, please contact the Commission. SCR sent the following to… Continue Reading Update from LLR SCREC (Friday October 25, 2024 circa 6 pm EST via email)

https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/hearing-panelists-roles-preparation-and-etiquette This information is only accurate as of 10/28/24. You must contact SCR for updates and changes to this information after 10/28/24 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 information is intended only to provide… Continue Reading Hearing Panel Etiquette from NAR (Ethics, Arbitration)

Dear REALTORS®, Last night, you should have received a blast email from the staff at the SC Real Estate Commission with this subject line: Commission's Guidance -Recent Settlement and South Carolina Law This email was not approved by the Commissioners, specifically this sentence: "Additionally, this form also satisfies the requirements of Paragraph 58, subsection (vi)… Continue Reading URGENT LLR SCREC News

Initial reports are that the LLR email sent overnight on 10/24/24 may have been sent to all the licensees by mistake by a LLR staff person? Reports are that the LLR SCREC commissioners did not approve this email. SCR plans to broadcast information on this LLR mistake email today. Reports are that the LLR SCREC… Continue Reading LLR overnight email sent on 10/24/24, mistakenly sent by LLR staff?