When the Trump administration released its $1.5 trillion infrastructure plan last month, it set in motion a multi-year process that could eventually lead to considerable investment in communities. Of course, Congress must pass legislation to make much of it happen. Although there are some parts that the administration can do on its own, a lot… Continue Reading Infrastructure Improvement Means Real Estate Activity
Imposing a 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminum, even if excludes those imports from Canada and Mexico, will raise the price of newly constructed home. The United States imported $47.83 billion of steel and aluminum commodities in 2017 on product types for which tariffs will… Continue Reading Steel and Aluminum Tariffs Expected to Have Most Impact on Construction and Motor Vehicles
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 February 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: February 2018 Highlights
NAR offers mediation training in Chicago each fall. This is one of the best mediator training courses in the world. https://www.nar.realtor/events/mediator-mediation-training SCR plans to offer mediation training in SC this fall. All mediators should attend. Anyone interested in mediation should attend. iupdate Posted by: Byron King
REALTORS, AE's and Professional Standards Staff This is a must read webpage. Ensure you save this link and use it often. Great information on the REALTOR professional standards program: http://www.realtor.org/code-of-ethics/ethics-complaints-arbitration-requests-and-related-information?om_rid=AAAZah&om_mid=_BT4i3cB87oJU%243&om_ntype=INSWeekly Posted by : Byron King
SC Supreme Court Rules on Contracts, MOU's Memorandums of Understand (MOU) are not contracts says the SC Supreme Court. http://www.judicial.state.sc.us/opinions/HTMLFiles/SC/27434.pdf MOU's are common in commercial real estate transactions. Posted by : Byron King
Form Lesson! There are two SCR standard forms that can be used to release a listing (SCR250) or buyer agency relationship (SCR255) prior to the expiration date of the listing agreement or buyer agency agreement. The client can agree to a protection period or payment in exchange for early release. While a client (principal) can… Continue Reading When Rep Agreements End
Man Gets 30 Months for Manufactured and Modular Home Loan Fraud http://www.charlotteobserver.com/2014/08/13/5104483/hickory-man-sentenced-to-30-years.html#emlnl=Top_Stories%3A_Business_Review Posted by : Byron King
Rain = Moisture = Mold US EPA on mold. Remember: Molds are common in the southern USA. Buyers should always consider hiring mold inspectors who check air quality (spores, etc.) too. Some people have medical reactions to common molds. Some molds are toxic to humans. SCR forms reference mold as a way to manage risk.… Continue Reading Mold
Murder/Suicide: PA Supreme Court Says Not a Material Defect SC law labels pure psychologically affected stigma to a real property as something that is not legally required to be disclosed. (SC Code 27-50-270 and 40-57-180) http://www.scstatehouse.gov/code/t27c050.php http://www.scstatehouse.gov/code/t40c057.php However to avoid upset buyers and lawsuits as occurred in PA, sellers should consider disclosing psychological stigma. While… Continue Reading Psychologically Stigmatized Property