SCR News Feed

Sellers Should Disclose All HOA fees/charges/costs/assessments on Seller Disclosure

2018-08-22T15:14:55-05:00August 22nd, 2018|Legal FAQs|

The LLR Residential Property Conditional Disclosure Statement and Addendum (aka the seller disclosure and HOA addendum) requires the seller to disclose HOA fees/costs/charges/assessments. There are four questions that elicit the seller to disclose all owners association cost/fees/charges/assessments. Yes answers on the seller disclosure require seller explanation, can use additional pages as required. http://www.llr.state.sc.us/POL/REC/RECPDF/Residential%20Property%20Condition%20Disclosure%20Statement%20Addendum.pdf Sellers should… Continue Reading Sellers Should Disclose All HOA fees/charges/costs/assessments on Seller Disclosure

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Realtors Commend FHFA Decision to Abandon Single Family Rental Program

2018-08-22T14:43:38-05:00August 22nd, 2018|NAR|

The Federal Housing Finance Agency (FHFA) on Tuesday announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision. With inventory shortages facing… Continue Reading Realtors Commend FHFA Decision to Abandon Single Family Rental Program

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Southwest Airlines and Psychological Support Animals, ESA, Service Animals

2018-08-22T12:35:23-05:00August 22nd, 2018|Legal FAQs|

Southwest Airlines allows PSA, ESA, SA on flights if they are one of these three animals: dog, cat, miniature horse. https://www.texasmonthly.com/the-culture/can-bring-trained-service-miniature-horse-southwest-flights/ Property managers and landlords looking to minimize fair housing issues (e.g. lawsuits, federal government action, state government action, local government action, LLR action, REALTOR® ethics actions), should make reasonable accommodations for all PSAs, ESAs,… Continue Reading Southwest Airlines and Psychological Support Animals, ESA, Service Animals

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REALTORS® Confidence Index Survey: July 2018 Highlights

2018-08-22T11:12:14-05:00August 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 July 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: July 2018 Highlights

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Existing-Home Sales Slip 0.7 Percent, Lowest Pace in Two Years

2018-08-22T10:37:16-05:00August 22nd, 2018|NAR|

Existing-home sales decreased for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased… Continue Reading Existing-Home Sales Slip 0.7 Percent, Lowest Pace in Two Years

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Realtors® Applaud HUD Decision to Target Online Housing Discrimination

2018-08-21T13:54:27-05:00August 21st, 2018|NAR|

WASHINGTON (August 20, 2018) – On Friday, the U.S. Department of Housing and Urban Development filed a housing discrimination complaint against Facebook, alleging the site’s targeting tools allow advertisers to intentionally exclude specific demographics from viewing or receiving certain housing-related ads. HUD claims the social media site violated the Fair Housing Act by enabling advertisers… Continue Reading Realtors® Applaud HUD Decision to Target Online Housing Discrimination

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Dead Animals and Manure Disposal

2018-08-21T12:26:53-05:00August 21st, 2018|Legal FAQs|

Check with your local government and DHEC and attorney. SC "seller disclosure" forms asks about environmental issues and underground issues. So, disclosure can apply. SECTION 44-29-30. Burying or burning of dead animals and poultry. Whenever any animal or poultry shall die from any natural or other cause, except from being slaughtered or killed for the… Continue Reading Dead Animals and Manure Disposal

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Story Idea: NAR Study Shows Decline in International Home Buyers

2018-08-21T09:48:19-05:00August 21st, 2018|NAR|

A new study from the National Association of REALTORS® found a decline in the number of foreign homebuyers in the U.S. as well as the total sales volume. Total international sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period. NAR Chief Economist Lawrence Yun blamed… Continue Reading Story Idea: NAR Study Shows Decline in International Home Buyers

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Housing Affordability in July 2018

2018-08-21T08:32:20-05:00August 21st, 2018|NAR|

The NAR Research Group and REALTOR.COM have partnered to conduct an analysis of affordability at different income levels for all active inventory on the market.  The result of this analysis, the REALTORS® Affordability Distribution Curve and Score, shows that housing affordability across the United States declined in July compared to a year earlier. The main… Continue Reading Housing Affordability in July 2018

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NAR Introduces the Center for REALTOR® Financial Wellness

2018-08-20T13:32:03-05:00August 20th, 2018|NAR|

The National Association of Realtors® is proud to introduce the Center for REALTOR® Financial Wellness, a new resource designed exclusively to meet the specific financial planning needs of Realtors® – members of the National Association of Realtors®. This comprehensive program includes education materials and resources for wealth building, business planning and investing in real estate.… Continue Reading NAR Introduces the Center for REALTOR® Financial Wellness

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