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SCR News Feed

From Byron King: Worn Roof, Insurance Issues, SCR311 and SCR233 Help

2019-01-24T16:25:05-05:00January 24th, 2019|Legal FAQs|

SCR is receiving reports of insurance companies requiring roof replacement shortly after closing. Buyers who cannot afford a new roof may see their insurance canceled. Then, the mortgage lender to protect themselves will "force place" insurance which will be very expensive. Failure to pay the PITI mortgage payments can result in foreclosure. SCR is receiving… Continue Reading From Byron King: Worn Roof, Insurance Issues, SCR311 and SCR233 Help

Help Clients Invest in Real Estate Tax-Free, and Boost Your Sales

2019-01-24T14:09:07-05:00January 24th, 2019|NAR|

“Time is money” says the proverb, but in real estate, it’s a struggle to have enough time in your day to close more sales. Chances are, most of your clients have an IRA for their retirement savings, which can be used to invest in real estate. With the help of a Real Estate IRA, you… Continue Reading Help Clients Invest in Real Estate Tax-Free, and Boost Your Sales

December 2018 Existing-Home Sales

2019-01-24T12:26:56-05:00January 24th, 2019|NAR|

NAR released a summary of existing-home sales data showing that housing market activity this December, fell after two straight months of gains and was down 6.4 percent from November. Sales of existing-homes dropped 10.3 percent from December 2017. December’s existing-home sales reached a 4.99 million seasonally adjusted annual rate. The national median existing-home price for… Continue Reading December 2018 Existing-Home Sales

From Byron King: Get Compensation Agreement In Writing ASAP

2019-01-24T10:51:32-05:00January 24th, 2019|Legal FAQs|

REALTORS® get your compensation agreement with your brokerage (and team) in writing ASAP...hot topics for your lawyer to include: What is your compensation split on commissions while you are at the brokerage/team? What is your compensation split on commissions if you leave the brokerage/team? This could include a real estate career move or retirement or… Continue Reading From Byron King: Get Compensation Agreement In Writing ASAP

From Byron King (July 2018) MLS of Choice

2019-01-24T10:14:01-05:00January 24th, 2019|Legal FAQs|

https://www.nar.realtor/about-nar/policies/changes-to-mls-policy-statements-742-and-743-mls-of-choice During the 2017 REALTORS® Conference and Expo, NAR’s Board of Directors voted to adopt changes in MLS Policy giving licensees more flexibility in where they subscribe to MLS (aka “MLS of Choice”). That change went in effect July 1, 2018. Based on broker experience, the NAR Leadership Team recognized a need for additional revisions… Continue Reading From Byron King (July 2018) MLS of Choice

Land Market Shows Slow But Steady Growth in 2018, According 2018 RLI-NAR Land Survey

2019-01-23T12:19:36-05:00January 23rd, 2019|NAR|

With rising interest rates and commodity prices still depressed, land sales and land prices continued to increase, although at a modest pace, during October 2017 – September 2018, according to the 2018 Land Market Survey of the REALTORS® Land Institute and the National Association of REALTORS®, an annual survey of land practitioners. Land sales in… Continue Reading Land Market Shows Slow But Steady Growth in 2018, According 2018 RLI-NAR Land Survey

from Byron King: NAR mediation training in Chicago September 4, 5 and 6 2019

2019-01-22T11:14:42-05:00January 22nd, 2019|Legal FAQs|

https://www.nar.realtor/events/mediator-mediation-training NAR offers some of the best mediator training classes in the world. This NAR mediation class will fill up asap, so apply asap if you are interested. If you have taken SCR mediation training or NAR mediation training or SC Bar mediation training in the past and are interested in becoming a SCR mediator… Continue Reading from Byron King: NAR mediation training in Chicago September 4, 5 and 6 2019

Can a Shipping Container Home Be Stylish? Check This One Out!

2019-01-21T02:00:28-05:00January 21st, 2019|NAR|

By Melissa Dittmann Tracey, REALTOR® Magazine A shipping container for hauling heavy freight in trains, trucks, and ships isn’t often associated with anything glamorous. But the housing industry wants to prove otherwise. Photos by: Rocket Lister, rocketlister.com This 3,000-square-foot home in Phoenix is made up of stacked shipping containers, but you’d never know it once you walked… Continue Reading Can a Shipping Container Home Be Stylish? Check This One Out!

From Byron King: HOA Fees and the SCR310 Contract

2019-01-18T15:33:52-05:00January 18th, 2019|Legal FAQs|

SCR310 section 6 states that the buyer's transaction costs include...all costs to obtain information from or pertaining to any owners association (aka certificate of assessment). This is interpreted as the cost to obtain documentation about the seller's owners association issues and costs to investigate the owners association (e.g. getting the documentation on the seller's owners… Continue Reading From Byron King: HOA Fees and the SCR310 Contract

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