News - Page 262 of 444 - South Carolina REALTORS

Access to Listed Property During Contract

Michael Crist2018-10-26T09:18:07-05:00October 26th, 2018|Legal FAQs|

SCR310 contract's Section 8 allows all sorts of inspections during the inspection period (e.g. home inspector, elevator inspector, pool inspector, hvac inspector, surveyor, engineer, contractor, roof expert, chimney sweep, electrician, plumber, well expert, septic expert, tree expert, soil expert, air quality inspector, asbestos expert, mold expert, radon expert, sprinkler expert, lawn expert, foundation expert, driveway… Continue Reading Access to Listed Property During Contract

What We’re Reading–October 22-26

Michael Crist2018-10-26T07:54:33-05:00October 26th, 2018|NAR|

Candy corn, a very old sword, where to charge your electric car, a vanishing island and much more compiled by Anne-Marie Siudzinski, Senior Library Information Specialist. Would wearing blinders aid concentration in an open office? Nope. Remove these items from your desk, pronto. Everything you want to know about candy corn. liz west/flickr/2006 Is your… Continue Reading What We’re Reading–October 22-26

Self Dealing, Darby v. Furman, High Risk for Brokerages

Michael Crist2018-10-24T16:33:37-05:00October 24th, 2018|Legal FAQs|

Here is a 1999 NAR article and the case law that illustrates the high risk for an associated licensee or BIC to buy a brokerage listing...or for associated licensee or BIC to sell to a brokerage buyer client....or engage in leasing with similar parties. To proceed, you need lawyer drafted formal agreements for self-dealing that… Continue Reading Self Dealing, Darby v. Furman, High Risk for Brokerages

‘Fall’ for These 5 Seasonal YPN Event Ideas

Michael Crist2018-10-23T17:34:54-05:00October 23rd, 2018|NAR|

Now that business is slowing a bit with the changing seasons, it’s a great opportunity to get your YPN members involved in the industry and in your local community. Here are five event ideas you can recreate in your group. 1. Partner with Habitat for Humanity Get your YPN members involved in a great cause… Continue Reading ‘Fall’ for These 5 Seasonal YPN Event Ideas

How to Work Without a Financing Contingency

Michael Crist2018-10-23T14:13:45-05:00October 23rd, 2018|Legal FAQs|

SCR310 Residential Contract can operate without a financing contingency if the buyer has cash or uses the due diligence addendum. SCR310 Section 7 Financing Contingency requires the buyer to make a good faith effort to get their purchase money loan but does allow the buyer to terminate up to closing if the lender does not… Continue Reading How to Work Without a Financing Contingency

How Do Housing Market Conditions Compare in 2004 and 2018?

Michael Crist2018-10-23T11:55:42-05:00October 23rd, 2018|NAR|

With interest rates rising and house price appreciation slowing down or depreciating in some metro areas, it is worth recalling the conditions that prevailed prior to the housing market’s downturn in 2005 and to compare these with current market conditions. The table below compares key indicators on the housing market, employment, and household credit in… Continue Reading How Do Housing Market Conditions Compare in 2004 and 2018?

LLR SCREC October Newsletter

Michael Crist2018-10-23T09:23:48-05:00October 23rd, 2018|Legal FAQs|

https://www.llr.sc.gov/POL/REC/RECPDF/RECNewsletterOct2018.pdf Posted by : Byron King on 10/23/18 (This information is only accurate as of 10/23/18. You must contact SCR for updates and changes to this information after 10/23/18 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

Check Your Forms Library – SCR230 LLR Seller Disclosure

Michael Crist2018-10-23T08:07:53-05:00October 23rd, 2018|Legal FAQs|

Recently, it was discovered that LLR published two versions of their Residential Property Condition Disclosure Statement aka seller disclosure in June of 2017 under the same form designation "6/2017" at the bottom of the form. Here is the current LLR version of this form: https://www.llr.sc.gov/POL/REC/RECPDF/Property%20Condition%20Disclosure%20Statement.pdf The screaltors.org website is updated with his version and zipForms… Continue Reading Check Your Forms Library – SCR230 LLR Seller Disclosure

REALTORS® Confidence Index Survey: September 2018 Highlights

Michael Crist2018-10-22T11:24:37-05:00October 22nd, 2018|NAR|

The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from September 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: September 2018 Highlights

Citation Offense = Potential Anonymous Ethics Complainants to Respondents

Michael Crist2018-10-22T10:37:35-05:00October 22nd, 2018|Legal FAQs|

The 2018 SCR Board of Directors approved allowing complainants to remain anonymous to respondents when the complaint only includes a citation level offense. SCR staff will see the complainants name on the filed written ethics complaint. Citation level offenses are typically less egregious offenses and are listed below. Most of these are related to advertising… Continue Reading Citation Offense = Potential Anonymous Ethics Complainants to Respondents

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