SCR News Feed

NAR Updating their ABR Course in Early September

2024-09-04T15:55:26-05:00September 4th, 2024|Legal FAQs|

Thank you again for enrolling in the ABR® course and your dedication to advancing your skills during this pivotal time in our industry. We’re writing to inform you of an important update regarding your ABR® course. As of August, the course and materials have been thoroughly updated to reflect the real estate industry's imperatives and [...]

NAR Buyer Agreements 101

2024-09-04T12:50:37-05:00September 4th, 2024|Legal FAQs|

NAR Buyer Agreements 101 https://www.nar.realtor/the-facts/written-buyer-agreements-101 This information is only accurate as of 09/04/24. You must contact SCR for updates and changes to this information after 09/04/24 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 information is [...]

NAR Information: 27 States with Buyer Agency Agreements (August 2024)

2024-09-04T12:43:31-05:00September 4th, 2024|Legal FAQs|

NAR information: NAR has long promoted written buyer agreements because they benefit consumers by clearly and transparently outlining the services a real estate professional will provide and how they are compensated. Currently, 27 states have enacted laws on written buyer agreements, with a significant number of these states passing legislation related to buyer agreements in [...]

NAR Updated Buyer Agency States Count at 27

2024-09-04T12:40:53-05:00September 4th, 2024|Legal FAQs|

Per NAR in August 2024: NAR has long promoted written buyer agreements because they benefit consumers by clearly and transparently outlining the services a real estate professional will provide and how they are compensated. Currently, 27 states have enacted laws on written buyer agreements, with a significant number of these states passing legislation related to [...]

NAR New Member Watch Video List

2024-09-04T12:31:44-05:00September 4th, 2024|Legal FAQs|

https://www.nar.realtor/legal/new-member-must-watch-list This information is only accurate as of 09/04/24. You must contact SCR for updates and changes to this information after 09/04/24 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 information is intended only to provide [...]

SCR120 Compensation Agreement Helpful Hints

2024-08-26T10:32:25-05:00August 26th, 2024|Legal FAQs|

A top hotline under the new MLS rules is the compensation agreement and how a BB can get paid under the SCR120 Compensation Agreement. SCR120 is the current SCR compensation agreement. Definitions for this article: BB = Buyer Brokerage (agency/client or non-agency/customer/transaction-brokerage) B = Buyer *The Buyer paying their BB (e.g., SCR130/135/136/138) is the simplest [...]

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