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Sellers Should Disclose ALL Owners’ Association Fees/charges/arrearages/assessments/etc. When Completing the LLR Seller Disclosure and HOA Addendum

2018-04-25T16:19:34-05:00April 25th, 2018|Uncategorized|

***When using LLR seller disclosure forms, Sellers failing to accurately disclose all the owners association charges to the buyer will expose the sellers to a buyer lawsuit suing the sellers for the buyer's damages (aka the undisclosed owners association charges/fees/assessments/arrearages/etc.) AND THE BUYER'S ATTORNEY FEES (which could dwarf the charges).*** http://www.llr.state.sc.us/POL/REC/RECPDF/Residential%20Property%20Condition%20Disclosure%20Statement%20Addendum.pdf Here is the language… Continue Reading Sellers Should Disclose ALL Owners’ Association Fees/charges/arrearages/assessments/etc. When Completing the LLR Seller Disclosure and HOA Addendum

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New Rules for Websites Per NAR

2018-04-25T14:19:24-05:00April 25th, 2018|Legal FAQs|

If you have a website, then read this from NAR: http://realtormag.realtor.org/daily-news/2018/04/25/how-comply-new-data-security-rules?tp=i-H43-Bb-21F-321DW-1p-A5BZ-1c-32CN5-zmEMe&om_rid=44810346&Om_ntype=RMOdaily&om_mid=7765 How to Comply With New Data Security RulesDAILY REAL ESTATE NEWS | WEDNESDAY, APRIL 25, 2018 The effects of a European Union rule that aims to strengthen data privacy and security will be far-reaching, having implications for how businesses across the world—including U.S. real… Continue Reading New Rules for Websites Per NAR

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Strong Employment Growth Continues to Underpin Homebuyer Demand in March 2018

2018-04-25T09:45:35-05:00April 25th, 2018|NAR|

In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0) and the responses are compiled into a diffusion… Continue Reading Strong Employment Growth Continues to Underpin Homebuyer Demand in March 2018

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Risk Management – Dealing with Consumers, Talk to Them, Ask Questions…

2018-04-25T08:48:56-05:00April 25th, 2018|Legal FAQs|

Because REALTORS® can face ethics complaints and license law complaints and lawsuits for interfering with another brokerage member's clients (e.g. buyer clients, seller clients, landlord clients, tenant clients, buyer transaction brokerage consumers, seller transaction brokerage consumers, landlord transaction brokerage consumers, tenant transaction brokerage consumers), it may be in your own best risk management interests to… Continue Reading Risk Management – Dealing with Consumers, Talk to Them, Ask Questions…

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Serving Clients with Disabilities (New Market for You?): Fair Housing

2018-04-24T10:37:21-05:00April 24th, 2018|Legal FAQs|

Learn how to help your business plan by serving consumers with disabilities even better. http://realtormag.realtor.org/news-and-commentary/feature/article/2018/03/better-service-for-clients-disabilities April is Fair Housing Month. Posted by : Byron King on 4/24/18 (This information is only accurate as of 4/24/18. You must contact SCR for updates and changes to this information after 4/24/18 as laws and regulations may change over… Continue Reading Serving Clients with Disabilities (New Market for You?): Fair Housing

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Protect Data and Disclose Data Breach ASAP Or Be Sued

2018-04-24T10:23:47-05:00April 24th, 2018|Legal FAQs|

SECTION 39-1-90. Breach of security of business data; notification; definitions; penalties; exception as to certain banks and financial institutions; notice to Consumer Protection Division. (A) A person conducting business in this State, and owning or licensing computerized data or other data that includes personal identifying information, shall disclose a breach of the security of the… Continue Reading Protect Data and Disclose Data Breach ASAP Or Be Sued

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Must Read If You Use Email

2018-04-24T10:12:14-05:00April 24th, 2018|Legal FAQs|

Be very careful of clicking any links or opening any attachments. You can put yourself in the predicament of paying organized criminals in bitcoin to get your computer working again. http://realtormag.realtor.org/daily-news/2018/04/10/two-ways-reduce-your-firm-s-liability-risk Posted by : Byron King on 4/24/18 (This information is only accurate as of 4/24/18. You must contact SCR for updates and changes to… Continue Reading Must Read If You Use Email

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Instant Reaction: Q1 Homeownership Rate and S&P/Case-Shiller

2018-04-24T08:38:08-05:00April 24th, 2018|NAR|

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on February home prices: “There is no let-up to rising home prices. The Case-Shiller Index and National Association of Realtors® median home price both show gains of roughly double the average wage growth. Even as the tightening job market is starting to boost… Continue Reading Instant Reaction: Q1 Homeownership Rate and S&P/Case-Shiller

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REALTORS® Confidence Index Survey: March 2018 Highlights

2018-04-23T10:53:30-05:00April 23rd, 2018|NAR|

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

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