SCR News Feed

Rollback Tax changes in 2021 – Delaying a closing could save your clients money!

2020-11-10T15:44:06-05:00November 10th, 2020|Legal FAQs|

From: Burnet R. Maybank III, Member at Nexsen Pruet, LLC When agricultural real property is applied to a use other than agricultural, it becomes subject to rollback taxes.  In the year the use changes, the difference between tax paid under the agricultural use classification and the amount that would have been paid (typically as commercial)… Continue Reading Rollback Tax changes in 2021 – Delaying a closing could save your clients money!

ADA – Office/Website Compliance

2020-11-10T12:17:22-05:00November 10th, 2020|Coronavirus, Legal FAQs|

NAR on ADA compliance for physical space and online space: https://www.nar.realtor/americans-with-disabilities-act-ada Posted by: Byron King on 11/10/20 (This information is only accurate as of 11/10/20. You must contact SCR for updates and changes to this information after 11/10/20 as laws and regulations may change over time. SCR 803-772-5206 or email Byron)

Read B4 Cold Calling/Texting

2020-11-10T12:15:44-05:00November 10th, 2020|Coronavirus, Legal FAQs|

https://www.nar.realtor/telemarketing-cold-calling Posted by: Byron King on 11/10/20 (This information is only accurate as of 11/10/20. You must contact SCR for updates and changes to this information after 11/10/20 as laws and regulations may change over time. SCR 803-772-5206 or email Byron)

Guide to Multiple Offers

2020-11-10T12:08:10-05:00November 10th, 2020|Coronavirus, Legal FAQs|

NAR guide to handling multiple offers: https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/a-buyers-and-sellers-guide-to-multiple-offer-negotiations https://www.nar.realtor/videos/window-to-the-law/how-to-handle-multiple-offers Posted by: Byron King on 11/10/20 (This information is only accurate as of 11/10/20. You must contact SCR for updates and changes to this information after 11/10/20 as laws and regulations may change over time. SCR 803-772-5206 or email Byron)

Top Risk Management Topics for Brokers

2020-11-10T12:05:44-05:00November 10th, 2020|Coronavirus, Legal FAQs|

NAR list of top risk management topics for brokers: https://www.nar.realtor/legal/hot-topics-for-brokers Posted by: Byron King on 11/10/20 (This information is only accurate as of 11/10/20. You must contact SCR for updates and changes to this information after 11/10/20 as laws and regulations may change over time. SCR 803-772-5206 or email Byron)

Sovereign Citizens

2020-11-09T15:07:41-05:00November 9th, 2020|Coronavirus, Legal FAQs|

https://www.masc.sc/Pages/newsroom/uptown/April-2019/Understanding-Sovereign-Citizens-Tactics-and-Threats.aspx https://www.thestate.com/news/local/crime/article236331298.html https://mydigitalpublication.com/publication/?i=556322&article_id=3279549&view=articleBrowser https://leb.fbi.gov/articles/featured-articles/sovereign-citizens-a-growing-domestic-threat-to-law-enforcement Posted by: Byron King on 11/09/20 (This information is only accurate as of 11/09/20. You must contact SCR for updates and changes to this information after 11/09/20 as laws and regulations may change over time. SCR 803-772-5206 or email Byron)

Earnest money and Repair Procedure….

2020-11-09T11:31:09-05:00November 9th, 2020|Coronavirus, Legal FAQs|

Since 99.9% of the usual hotline calls have fact patterns that do not fit into applicable federal or SC precedent case law (no one is likely taking repair procedure/earnest money cases all the way to the SC Court of Appeals also the facts of the real estate issues are always different), the answers are always… Continue Reading Earnest money and Repair Procedure….

SC REALTORS(R) Potentially Got Rollback Tax Savings for Buyers, Consider Close in 2021

2020-11-05T15:31:59-05:00November 5th, 2020|Coronavirus, Legal FAQs|

SC REALTORS® worked to get changes to state laws in 2020. Rollback taxes were changed from 5 years to 3 years in a bill signed by the Governor in September 2020. https://www.scstatehouse.gov/sess123_2019-2020/bills/3596.htm If buyers are looking at closing a real estate impacted by rollback taxes, perhaps these buyers may want to consider closing after 2020… Continue Reading SC REALTORS(R) Potentially Got Rollback Tax Savings for Buyers, Consider Close in 2021

Filing a Report on the NAR Safety Alert Network

2020-11-04T14:44:01-05:00November 4th, 2020|Coronavirus, Legal FAQs|

Click this NAR link:https://www.nar.realtor/safety/realtor-safety-network To notify law enforcement of a live emergency, please contact 9-1-1. The National Association of REALTORS® is committed to the safety of our members. Through the REALTOR® Safety Network, NAR will deploy REALTOR® Safety Alerts via social media when a physical or cyberthreat to REALTORS® warrants national attention. For example: A… Continue Reading Filing a Report on the NAR Safety Alert Network

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