SCR News Feed

Reminder to get the closing attorneys working on all lease and financed equipment issues (e.g., solar panels, security systems, tenants, vacationers, documents, liens, payoffs, deposits, access, gas tanks, spa, pool, disclosure, assumption, assignment, removal, equipment) A.S.A.P. This applies to listing agents and buyer agents. Immediately upon learning any of these issues may be potentially involved… Continue Reading Leased and Financed Issues – Parties Get Attorneys Working ASAP

The hotline regularly receives trouble calls when associated licensees want to change brokerages (and/or change teams) when issues such as: clients, pendings, leads, compensation, referrals, files, bills, and equipment issues are disputed. Unfortunately during the hotline, many members state that there is no written legal agreement covering these issues. That lack of a written legal… Continue Reading Changing Brokerages/Teams or Breaking Up Is Hard to Do (Neil Sedaka)

Please read the 2/16/21 case from LLR at the link below. LLR SCREC says do not give entry codes for lockboxes to unauthorized persons (aka potential buyers). https://eservice.llr.sc.gov/PublicOrdersWeb/?divisionId=19 Posted by: Byron King on 01/21/22 (This information is only accurate as of 01/21/22. You must contact SCR for updates and changes to this information after 01/21/22… Continue Reading LLR Case: Do Not Give Entry Codes to Lockboxes to Unauthorized People (aka potential buyers)

Reminder to alert/document/copy parties to their lead hazards information and duties. https://www.epa.gov/lead/real-estate-disclosures-about-potential-lead-hazards Recently, the Hotline has been getting several of the same types of questions on the lead forms section (c) initials and (d) initials. Buyers and Tenants getting the EPA pamphlet Protect Your Family from Lead in Your Home should initial (d). So, (d)… Continue Reading Lead Based Hazard Forms for Sales/Rentals