April 2024 Existing-Home Sales Take a Step Back Housing market activity in April 2024 declined 1.9% from March, reaching a 4.14 million seasonally adjusted annual rate. By: Michael Hyman Powered by WPeMatico
Paint Firm Wants You to Give Its Worst Color a Try It’s bold, but is it beautiful? By: Melissa Dittmann Tracey Staging, Design & Architecture, Design Trends Powered by WPeMatico
https://www.scstatehouse.gov/query.php?search=DOC&searchtext=4754&category=LEGISLATION&session=125&conid=37998232&result_pos=0&keyval=1254754&numrows=10 Some excerpts on wholesaling: (44) "Wholesaling" means having a contractual interest in purchasing residential real estate from a property owner, then marketing the property for sale to a different buyer prior to taking legal ownership of the property. Advertising or marketing real estate owned by another individual or entity with the expectation of compensation… Continue Reading SC Regulates Wholesaling in New RE License Law
Read the new license law in the link below here. Stay tuned to SCR for education on the new license law. https://www.scstatehouse.gov/query.php?search=DOC&searchtext=4754&category=LEGISLATION&session=125&conid=37998232&result_pos=0&keyval=1254754&numrows=10 Posted by: Byron King on 05/21/24 (This information is only accurate as of 05/21/24. You must contact SCR for updates and changes to this information after 05/21/24 as laws and regulations may change… Continue Reading The SC Governor Signs the New License Law
Thanks to the SCR CFO Alan Leichtle for compiling the hotline statistics and automating the hotline software. Thanks to the SCR hotline administrator Shantee Albin too! 1. Forms. FYI the SCR standards forms committee has been meeting and will continue working on updates to the SCR standard forms for the SC license/laws and settlement updates.… Continue Reading Top Ten Plus Hotlines April 2024
Only the BIC is required to hold a business license. Associated licensees operate under their BIC's business license. Typically, a BIC will hold one or more business licenses for all jurisdictions where business is conducted in that year (e.g., a listing closes in Spartanburg, then a Spartanburg Business License and a listing closes in Greenville,… Continue Reading BICs, Are You Paying Too Much In Business License Fees/Taxes?
The Most Popular and Fastest Growing Metro Areas in '23 An analysis of data from July 2022 and July 2023 showed that the South maintained its position as the nation's fastest-growing region. By: Anat Nusinovich Powered by WPeMatico
Instant Reaction: Mortgage Rates, May 16, 2024 The 30-year fixed mortgage interest rate averaged 7.02% over the last week, remaining below the historical average of 7.74%. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
Instant Reaction: Housing Starts, May 16, 2024 Housing starts in April 2024 bounced back slightly with a monthly gain of 5.7% after a large 17% decline in March. By: Lawrence Yun Powered by WPeMatico
https://www.scstatehouse.gov/sess125_2023-2024/bills/881.htm Posted by: Byron King on 05/15/24 (This information is only accurate as of 05/15/24. You must contact SCR for updates and changes to this information after 05/15/24 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 General Assembly: Unfair Real Estate Service Agreements aka NTRAPS Bill