SCR News Feed

NAR article on Wyoming real estate licensee accused of the unauthorized practice of law (UPL) is a must-read for risk management. NAR ethics article 13 prohibits UPL. SC law makes UPL a felony crime. https://magazine.realtor/law-and-ethics/law/article/2018/10/can-you-change-that-contract [SC best practice:  don't strike pre-printed SCR forms language...don't add phrases or sentences...without calling legal counsel and/or the SCR legal hotline. … Continue Reading Risk management – Changing standard forms – felony/lawsuit unauthorized practice of law

This article describes that the racial homeownership gap numbers represent future homebuyers and business opportunities in real estate. Education on the value of homeownership and fair housing can help bring huge and expanding numbers of home renters into the marketplace as homebuyers and investor opportunities. https://magazine.realtor/daily-news/2020/02/06/closing-the-racial-ownership-gap-is-it-possible?AdobeAnalytics=ed_rid%3D56072%26om_mid%3D2005%7CRealtorMagNews_2020_02_20%26om_nytpe%3DREALTOR%20MAG%20NEWS Posted by: Byron King on 2/20/20 (This information is… Continue Reading FAIR HOUSING is Good Business (NAR Article)

https://www.chubb.com/us-en/cyber-risk-management/ Posted by: Byron King on 2/20/20 (This information is only accurate as of 2/20/20. You must contact SCR for updates and changes to this information after 2/20/20 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

Chubb Insurance states that ransomware attacks are up 1,234% since 2016. Ransomeware: The cyber crooks lock your computer/cyber data until you pay the overseas cyber crooks. Payment is often required in difficult to trace cryptocurrency (e.g., Bitcoin). FBI uses education as a defense since the cyber crooks are almost always operating overseas in countries that… Continue Reading CYBER INSURANCE VERSUS CYBER CRIME

Sometimes the parties want to change an SCR agreement after the agreement has been signed/delivered/ratified/agreed. Some states have a myriad of change forms. SCR standard forms committee desires to minimize the number of forms and to simplify the forms use. So, SCR390 general addendum/amendment form is the "Swiss Army Knife of SCR forms" with many… Continue Reading How to Change Any SCR Form Using SCR390

Case #10-4: Use of “Choose Your Neighbor” Marketing Letters REALTOR® A listed a property in a new subdivision. At the instruction of his client, Seller X, REALTOR® A did not enter the listing in the MLS, did not place a “For Sale” sign on the property and did not advertise the property online. Seller X… Continue Reading FAIR HOUSING: Case 10-4

https://www.nar.realtor/newsroom/nar-s-second-annual-policy-forum-explores-barriers-to-affordable-housing-in-u-s Posted by: Byron King on 2/20/20 (This information is only accurate as of 2/20/20. You must contact SCR for updates and changes to this information after 2/20/20 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

If you need assistance with a LLR SCREC SC Real Estate Commission licensing matter, please email Contact.REC or call the LLR SCREC main number at 803-896-4400. If you need to file a written government license law complaint, please visit the LLR website's complaint page. Please contact LLR's office of Investigations and Enforcement for any questions… Continue Reading How to File a License Law Complaint at LLR SCREC (State Government)