SCR News Feed

NAR New Consumer Guide: Flood Insurance

2025-01-16T10:32:52-05:00January 16th, 2025|Legal FAQs|

https://www.nar.realtor/the-facts/consumer-guide-flood-insurance This information is only accurate as of 1/16/25. You must contact SCR for updates and changes to this information after 1/16/25 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… Continue Reading NAR New Consumer Guide: Flood Insurance

Earnest money, trust funds, ensure timely, properly delivered to escrow agent

2025-01-15T16:08:37-05:00January 15th, 2025|Legal FAQs|

SC Code § 40-57-136(H) states: "If trust funds are held outside a licensee's brokerage firm, the licensee remains obligated to ensure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract." SECTION 40-57-136.Trust accounts; disputes; records. (A)(1) A broker-in-charge or a property manager-in-charge, when taking possession… Continue Reading Earnest money, trust funds, ensure timely, properly delivered to escrow agent

LLR Audits

2025-01-14T16:09:22-05:00January 14th, 2025|Legal FAQs|

Escrow info from LLR: https://llr.sc.gov/re/RECPDF/TrustAccountBook.PDF Short office policy for LLR audit: See grey toolbar: https://screaltors.org/legal/ Reports are that LLR auditors are auditing brokerages in Marion County. This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 as laws and regulations may change over time.… Continue Reading LLR Audits

SC Ct of Appeals on ROFR

2025-01-14T11:23:53-05:00January 14th, 2025|Legal FAQs|

https://www.sccourts.org/media/opinions/HTMLFiles/COA/6093.pdf This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 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… Continue Reading SC Ct of Appeals on ROFR

US Sup Ct, NAR, DOJ

2025-01-14T11:18:35-05:00January 14th, 2025|Legal FAQs|

https://www.nar.realtor/magazine/real-estate-news/supreme-court-denies-nar-cert-petition This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 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… Continue Reading US Sup Ct, NAR, DOJ

SC Sup Ct on Builder Contract, Arbitration Clause

2025-01-14T10:47:28-05:00January 14th, 2025|Legal FAQs|

https://www.sccourts.org/media/opinions/HTMLFiles/SC/28245.pdf This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 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… Continue Reading SC Sup Ct on Builder Contract, Arbitration Clause

NAR Code of Conduct

2025-01-14T09:43:13-05:00January 14th, 2025|Legal FAQs|

https://www.nar.realtor/national-leadership/board-of-directors/meeting-policies-and-procedures/nar-member-code-of-conduct This information is only accurate as of 1/14/25. You must contact SCR for updates and changes to this information after 1/14/25 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… Continue Reading NAR Code of Conduct

ATI Exemption–give your clients a tax break!

2025-01-13T13:28:12-05:00January 13th, 2025|Legal FAQs, SCR|

Reminder: The South Carolina Assessable Transfer of Interest (ATI) Property Tax Exemption is available to 6% property purchasers. Remember, to claim the exemption for property purchased in 2024, property owners must file by Jan. 31, 2025. ATI Exemption The South Carolina Assessable Transfer of Interest (ATI) Property Tax Exemption is a provision in state law… Continue Reading ATI Exemption–give your clients a tax break!

Media: Property Management Legal News

2025-01-13T12:03:49-05:00January 13th, 2025|Legal FAQs|

https://www.postandcourier.com/business/greystar-charleston-apartments-department-justice-lawsuit-south-carolina/article_fb6b2906-ceb8-11ef-ac89-07ea1a29ef7b.html?utm_medium=email&utm_campaign=Myrtle%20Beach%20Headlines%2011324&utm_content=Myrtle%20Beach%20Headlines%2011324+CID_d22f594b5866bbd1469607435ea91915&utm_source=CampaignMonitor&utm_term=Renting%20an%20apartment%20in%20SC%20Algorithms%20collusion%20may%20have%20determined%20what%20youre%20paying&tpcc=campaignmonitor_Myrtle%20Beach%20Headlines%2011324 This information is only accurate as of 1/13/25. You must contact SCR for updates and changes to this information after 1/13/25 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… Continue Reading Media: Property Management Legal News

NAR USA/SC National Sellers’ Class Action Lawsuits Settlement FAQs

2025-01-08T11:15:15-05:00January 8th, 2025|Legal FAQs|

https://www.nar.realtor/the-facts/nar-settlement-faqs This information is only accurate as of 1/8/25. You must contact SCR for updates and changes to this information after 1/8/25 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… Continue Reading NAR USA/SC National Sellers’ Class Action Lawsuits Settlement FAQs

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