SECTION 40-57-350. Real estate brokerage firm duties to client; agency relationship; applicability of common law. (A) A real estate brokerage firm that provides services through an agency agreement for a client is bound by the duties of loyalty, obedience, disclosure, confidentiality, reasonable care, diligence, and accounting as set forth in this chapter. The following are… Continue Reading Your Statutory Duties, Not Fiduciary
SCR310 requires the seller to maintain the property in "operable condition" which means things like, heat the home so the pipes do not freeze and burst and flood, cool/dehumidify the home to prevent mold and mildew. Heat is a little easier to argue, it has to be above freezing in the property. Air conditioning, perhaps… Continue Reading Smart Thermostats – Wifi – SCR310 Operable Condition – Heat to Prevent Frozen Pipes, A/C to Prevent Mold/Mildew?
A contract can be described as the relations between humans/parties that can include their promise or set of promises (e.g., duties, acts, transfers of interests, exchange in the now or future, their bargain, legal obligation, exchange) and agreements and the instrument/memorialization of agreement/document of their relations in writing (e.g., an entire complex of these, including… Continue Reading What is a Contract?
https://ris.scdot.org/RoadwayInformationStreetFinder.aspx Posted by: Byron King on 07/24/23 (This information is only accurate as of 07/24/23. You must contact SCR for updates and changes to this information after 07/24/23 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… Continue Reading SC DOT Street Finder Website
SCR Legal Hotline 803-712-3478 or SCR main phone line 803-772-5206 or info 10 Agency Issues. 9. Compensation Issues (e.g., SCR120 compensation agreement for FSBO and out of your MLS listings pre-offer and to change MLS coop compensation offer during pre-offer stage, SCR130 buyer agency, SCR600 broker to broker referral agreement, brokerage/team compensation agreements drafted by… Continue Reading Top Ten Legal Hotlines June 2023
By recommending that buyers hire proper swimming pool inspectors either pre-offer or during SCR310 due diligence, buyers ignore that recommendation at their own legal and personal peril. Pool condition, leaks, drain dangers, electrical dangers, heater operation, lifespan, filter/pump conditions, permits, proper construction, safety, alarms, child/pet/animal proofing, fencing, gates, water conditions, compliance, surface around pool issues,… Continue Reading Swimming Pools!
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https://www.nar.realtor/artificial-intelligence-real-estate Posted by: Byron King on 07/17/23 (This information is only accurate as of 07/17/23. You must contact SCR for updates and changes to this information after 07/17/23 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… Continue Reading NAR’s Ai Homepage
https://www.nar.realtor/videos/window-to-the-law/legal-tips-use-ai Posted by: Byron King on 07/17/23 (This information is only accurate as of 07/17/23. You must contact SCR for updates and changes to this information after 07/17/23 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… Continue Reading NAR on Using Ai in your Business
https://www.inman.com/2023/07/14/ai-mortgage-chatbot-launches-as-chatgpt-comes-under-scrutiny/ Posted by: Byron King on 07/17/23 (This information is only accurate as of 07/17/23. You must contact SCR for updates and changes to this information after 07/17/23 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… Continue Reading Ai News, Mortgage Chatbot