Built-for-Rent Housing Starts Continue to Increase Built-for-rent is the concept of new single-family home construction for the intent of renting, a possible solution for people not yet ready to buy. By: Jessica Lautz Powered by WPeMatico
(B) If after an investigation, charges of a violation are brought against a licensee, the broker-in-charge or property manager-in-charge must be notified of the charges. In the event a supervised licensee is noticed for a formal complaint hearing or otherwise appears before the commission to resolve the charges, the broker-in-charge or property manager-in-charge of record… Continue Reading New License Law: BIC: Attend LLR SCREC Hearings Alongside Your Associated Licensee Respondent
(7) "Broker-in-charge" means the sole broker designated by the commission to have responsibility over the actions of all supervised licensees. A broker-in-charge is responsible for: (a) the day-to-day management of the brokerage firm; (b) the control and liability for a real estate trust account; and (c) ensuring compliance with all applicable laws and regulations. The… Continue Reading New License Law: Reminder that the BIC is Responsible for their Brokerage
Pending Sales in April 2024 Decreased 7.7% From March April's pending home sales fell 7.7% from last month and decreased 7.4% from a year ago. By: Michael Hyman Powered by WPeMatico
Instant Reaction: Mortgage Rates, May 30, 2024 The 30-year fixed mortgage rate from Freddie Mac rose to 7.03% over the last week from 6.94%. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
https://www.youtube.com/watch?v=Pht4r8RX3_I Posted by: Byron King on 05/30/24 (This information is only accurate as of 05/30/24. You must contact SCR for updates and changes to this information after 05/30/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading NAR on the Unauthorized Practice of Law
https://www.youtube.com/watch?v=bcK-ox4NmeU Posted by: Byron King on 05/30/24 (This information is only accurate as of 05/30/24. You must contact SCR for updates and changes to this information after 05/30/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading NAR on Post Settlement Compensation
Title 30 - Public Records CHAPTER 2 Family and Personal Identifying Information Privacy Protection ARTICLE 1 The Family Privacy Protection Act https://www.scstatehouse.gov/code/t30c002.php 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… Continue Reading Do Not Use Public Records for Commercial Solicitation
https://www.youtube.com/watch?v=iBe7diWw5kQ Posted by: Byron King on 05/30/24 (This information is only accurate as of 05/30/24. You must contact SCR for updates and changes to this information after 05/30/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading 2024 New License Law, SCR Video: Some Important Parts
An important SC update for your colleagues and closing attorneys and title insurers as SC seeks to remedy a growing statewide title issue and legal issues that was impacting consumers. https://www.scstatehouse.gov/query.php?search=DOC&searchtext=881&category=LEGISLATION&session=125&conid=42195246&result_pos=0&keyval=1250881&numrows=10 NOTE: THIS IS A TEMPORARY VERSION. THIS DOCUMENT WILL REMAIN IN THIS VERSION UNTIL FINAL APPROVAL BY THE LEGISLATIVE COUNCIL. (A165, R191, S881) AN… Continue Reading NTRAPS Unfair Real Estate Service Agreements