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SCR mediators have long mediated commission disputes between brokerages prior to formal arbitration hearings. In mediation, the money is divided between the brokerages in some percentage per the brokers' decisions. In arbitration, one party gets the money per the arbitration hearing panel's decision. SCR mediators have long mediated earnest money disputes between buyers and sellers.… Continue Reading Sign up for October 1, 2, and 3 2018 mediator/ombudsman training

Here is the link to the SCR mediation information: https://screaltors.org/mediation/ Here is the link to the SCR mediator list: https://screaltors.org/wp-content/uploads/2017/11/MediatorPamphlet2016.pdf Recommend the parties seek legal counsel asap. The parties will talk and decide which mediator they want to hire and where/when to meet. Then, the parties will meet and split the money in some percentages… Continue Reading Earnest Money Disputes, BIC Holding Earnest Money (Mediation/Litigation)

Section 5, Compensation Specified on Each Listing, in the NAR Model MLS Rules provides in pertinent part that compensation “…offers are unconditional except that entitlement to compensation is determined by the cooperating broker’s performance as the procuring cause of the sale (or lease)…” It can be a potential MLS rules violation to do otherwise. Posted… Continue Reading Don’t Put Conditions (other than procuring cause) on Coop Compensation in MLS

State law and the NAR code of ethics address your risks: State law: SECTION 30-2-50. Obtaining personal information from state agency, local government, or other political subdivision for commercial solicitation; penalty. (A) A person or private entity shall not knowingly obtain or use personal information obtained from a state agency, a local government, or other… Continue Reading Be Very Careful About Using the ROD/MLS/GIS as Your Personal Lead Generation System

First, the buyers can avoid being trapped into a deal with SCR311 due diligence addendum when the inspectors and contractors are not working for storm reasons (e.g. mandatory evacuation, roads impassable, weather interference, utilities are not functioning properly). Second, the SCR310 casualty section covers storm damages. Third, the SCR310 property section requires maintenance that can… Continue Reading Storms and SCR310 and SCR311 due diligence addendum