SCR News Feed

NAR Code of Ethics Excerpts on Compensation

2024-04-29T14:45:36-05:00April 29th, 2024|Legal FAQs|

Article 6 REALTORS® shall not accept any commission, rebate, or profit on expenditures made for their client, without the client’s knowledge and consent. Article 7 In a transaction, REALTORS® shall not accept compensation from more than one party, even if permitted by law, without disclosure to all parties and the informed consent of the REALTOR®’s [...]

License Law on Compensation Excerpts

2024-04-29T14:31:07-05:00April 29th, 2024|Legal FAQs|

Misconduct and Redress SECTION 40-57-710. Grounds for denial of issuance of license or for disciplinary action against licensee. (A) In addition to Section 40-1-110, the commission may deny issuance of a license to an applicant or may take disciplinary action against a licensee who: License Law: (28) allows or creates an unreasonable delay in the [...]

NAR on NAR Code of Ethics Article 16 and Standard of Practice 16-16 SOP 16-16, SCR120, SCR310 seller paid buyer’s transaction costs

2024-04-29T13:58:45-05:00April 29th, 2024|Legal FAQs|

Article 16 REALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with clients. (Amended 1/04) Standard of Practice 16-16 REALTORS®, acting as subagents or buyer/tenant representatives or brokers, shall not use the terms of an offer to purchase/lease to attempt [...]

NAR on Written Buyer Agreements, Before Tour Unless Listing Agent

2024-04-29T11:08:19-05:00April 29th, 2024|Legal FAQs|

See NAR FAQs #46 through #62' https://www.nar.realtor/the-facts/nar-settlement-faqs The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of [...]

NAR on Written Buyer Agreements, Before Tour Unless Listing Agent

2024-04-29T11:06:47-05:00April 29th, 2024|Legal FAQs|

See NAR FAQs #46 through #62 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the [...]

NAR: Granted Motion Preliminary Settlement Approval

2024-04-26T09:33:17-05:00April 26th, 2024|Legal FAQs|

Missouri seller class action lawsuit: Federal Judge Bough granted that motion which means that as of today, the settlement agreement is preliminarily approved.Settlement class members are now enjoined from filling complaints or prosecuting any claims based on the type of conduct at issue in Sitzer-Burnett and the other settled Actions on behalf of home sellers [...]

Political Rights in SC

2024-04-26T09:23:55-05:00April 26th, 2024|Legal FAQs|

SECTION 16-17-560. Assault or intimidation on account of political opinions or exercise of civil rights. It is unlawful for a person to assault or intimidate a citizen, discharge a citizen from employment or occupation, or eject a citizen from a rented house, land, or other property because of political opinions or the exercise of political [...]

FTC on Non Compete Agreements

2024-04-26T09:06:01-05:00April 26th, 2024|Legal FAQs|

https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and [...]

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