Instant Reaction: Mortgage Rates, March 23, 2023 Mortgage rates fell even further this week. With rates below 6.5%, more Americans can purchase a median-price home by without being cost-burdened. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
Issue Number: IR-2023-54 Inside This Issue
Contact SCR 803-772-5206 General Counsel Byron King - Byron Thumbnail procedures: You might become a Plaintiff or a Defendant in a lawsuit that might have statewide impact. 1. Hire a trial lawyer. The SC Bar Lawyer Referral Service is 800-868-2284. Other referral sources: SCR knows some law firms that have worked with various REALTORS® and [...]
Vacant Land Sales Scam - Fake Seller can begin with a cold email about listing land. FOREWARN can help detect the fake seller. Ditto HOA/Tax/Neighborhood info. Wire Fraud - Fake Lawyer - can begin with an email hack of anyone in the transaction. Updated software can help prevent. Two step authentication log in can help [...]
BEWARE - the crooks use email and texting. Only rely on wire instructions and phone numbers that are not from email/text. Before writing a large amount of money to the closing law firm, consider wiring a small amount of money as a TEST WIRE. Then, verify the right law firm got the test wire small [...]
SC State Government's alert: https://www.llr.sc.gov/re/News/FakeSeller-VacantLots.pdf# US Secret Service alert: https://marketing.certifid.com/hubfs/Real%20Estate%20Scams%20-%20Vacant%20Properties.pdf?hsCtaTracking=7bae42e4-1fe7-4d0e-814d-2d84127c35b3%7C676da0bd-1256-412e-bd78-267c9f961ccb NC State Government alert: https://bulletins.ncrec.gov/fake-seller-fake-buyer-scam-alerts/ FL State Government alert: https://flarecs.com/resources/blog/295-scam-involving-sale-of-vacant-lots-is-back-don-t-get-fooled-again Posted by: Byron King on 03/21/23 (This information is only accurate as of 03/21/23. You must contact SCR for updates and changes to this information after 03/21/23 as laws and regulations may change over time. [...]
Homes Are Channeling Biophilic Vibes Learn what Biophilic design is and why it’s become such a buzzword in home design over recent years. By: Melissa Dittmann Tracey Design Trends, Kitchen & Bath Powered by WPeMatico
SCR130 Exclusive Right to Buy Buyer Agency Agreement ERTB BAA As of today (3/20/23) in order to use the updated SCR130, you will write in your compensation either as a dollar amount (fill in the blank) or as a percentage of the purchase price (fill in the blank). Be very careful to never say that [...]
https://llr.sc.gov/re/recpdf/TrustAccountBook.pdf Posted by: Byron King on 03/20/23 (This information is only accurate as of 03/20/23. You must contact SCR for updates and changes to this information after 03/20/23 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 [...]
You worked hard to get your real estate license and your REALTOR® membership. You provide a valuable service to consumers. You work hard to maintain your real estate license and your REALTOR® membership. So be confident in explaining your services and your compensation. https://www.nar.realtor/magazine/tools/client-education/handouts-for-buyers/7-reasons-to-work-with-a-realtor https://www.nar.realtor/magazine/real-estate-news/sales-marketing/why-you-should-tell-clients-how-youre-compensated https://www.inman.com/2017/06/09/buyers-agents-are-your-services-really-free/ NAR Code of Ethics Article 12 REALTORS® shall be [...]