SCR News Feed

CFIUS Real Estate Impacts

2020-10-30T12:50:38-05:00October 30th, 2020|Coronavirus, Legal FAQs|

Pursuant to FIRRMA, CFIUS is authorized to review certain transactions involving the purchase or the lease by, or a concession to, a foreign person of certain real estate in the United States, beginning on February 13, 2020. https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius/cfius-real-estate-instructions-part-802 Posted by: Byron King on 10/30/20 (This information is only accurate as of 10/30/20. You must contact… Continue Reading CFIUS Real Estate Impacts

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Record home sales continue into fall season

2020-11-04T13:08:35-05:00October 28th, 2020|Press|

FOR IMMEDIATE RELEASE Contact: Sharon Stone • 803-772-5206 Record home sales continue into fall season COLUMBIA, S.C. (October 27, 2020) -- South Carolina REALTORS® (SCR) today released its September 2020 statewide real estate market data. It’s proving to be another unusual season as the state continues to see record sales and strong buyer activity into… Continue Reading Record home sales continue into fall season

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Top Producer Life: 3 Tests to Vet Buyer Clients

2020-10-22T11:40:49-05:00October 22nd, 2020|NAR|

By Jasen Edwards The fall is traditionally a hectic time of year for the housing market. But this year, when you consider the election, pandemic, and exceptionally low interest rates, “hectic” seems like an understatement. One thing is clear, most agents I speak to are busier than ever. Because of the situation we find ourselves… Continue Reading Top Producer Life: 3 Tests to Vet Buyer Clients

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Inspectors and Access for Inspections

2020-10-21T11:03:08-05:00October 21st, 2020|Coronavirus, Legal FAQs|

This issue arises occasionally on the hotline and some MLS systems allow home inspectors to engage in the MLS and hold an MLS lockbox e-key which solves practical access issues. Listing agents should warn sellers to secure their property for showings and inspections. Strangers will enter the property. Secure valuables, information, weapons, prescription drugs, alcohol,… Continue Reading Inspectors and Access for Inspections

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NAR Online Professional Standards and Mediation Meetings

2020-10-21T09:23:10-05:00October 21st, 2020|Coronavirus, Legal FAQs|

The silver lining (if any) for COVID-19 is sometimes online meetings such as the below online NAR professional standards meetings and mediation meetings. In other years, you would have time and money expense to travel to the NAR conference to participate in these meetings. In 2020, these meetings are online. Monday, November 2, Professional Standards… Continue Reading NAR Online Professional Standards and Mediation Meetings

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Eviction Appeal Process Update

2020-10-19T14:40:11-05:00October 19th, 2020|Coronavirus, Legal FAQs|

https://www.postandcourier.com/news/sc-renters-no-longer-need-to-pay-thousands-to-appeal-evictions-chief-justice-says/article_77a27cf4-0f2d-11eb-9422-73d75c9bc9b0.html https://www.postandcourier.com/news/to-appeal-an-eviction-in-sc-tenants-are-required-to-pay-thousands-of-dollars-first/article_7f8e2a42-cbd2-11ea-8d20-df3fb28181ad.html Upon specific and immediate direction of Chief Justice Beatty, all magistrates are to immediately cease ordering a tenant to post past due rent in a residential eviction in order to stay the eviction on appeal. Code §27-40-800 (b) of the South Carolina Residential Landlord Tenant Act requires that it is sufficient to stay… Continue Reading Eviction Appeal Process Update

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