NAR ethics require an offer rejection writing. SC state law and LLR require using the government form SCR314 offer rejection form. These policies are so the other side has some timely and written acknowledgement that their offer was presented. Listing agents always timely respond to an offer with a writing, one of the below: 1.… Continue Reading Offer Rejection Form Use It Always
SECTION 16-19-10. Setting up lotteries. Whoever shall publicly or privately erect, set up, or expose to be played or drawn at or shall cause or procure to be erected, set up, or exposed to be played, drawn, or thrown at any lottery under the denomination of sales of houses, lands, plate, jewels, goods, wares, merchandise,… Continue Reading Games of Chance for Things are Illegal
Instant Reaction: Mortgage Rates, December 8, 2022 Housing affordability rose about 8% in the last 4 weeks as mortgage rates moved closer to 6%. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
Please help SCR educate members to be very careful on social media. Golden rule... If you cannot say something nice about someone... Social media posting, risk management thoughts: NAR ethics prohibit hate/harassing posts on race, color, religion, sex, national origin, familial status, disability, sexual orientation, gender identity. Do not stray into a potential violation when… Continue Reading Don’t Get In Trouble for your Social Media Posts
(b) "Gross income for agents" means gross commissions received or retained. If commissions are divided with other brokers or agents, then only the amount retained by the broker or agent is considered gross income. SECTION 6-1-315. Limitation on imposition or increase of business license and real estate professional and auctioneer fees. (A) By ordinance adopted… Continue Reading Biz License FAQ
SECTION 6-1-650. Notice of dropped rental property. Real estate agents, brokers, corporations, or listing services required to remit fees under this section must notify the appropriate governing body if rental property, previously listed by them, is dropped from their listings. HISTORY: 2014 Act No. 188 (S.503), Section 1, eff June 2, 2014. Posted by: Byron… Continue Reading property management faq
SECTION 6-1-560. Real estate agents required to report when rental property listing dropped. Real estate agents, brokers, corporations, or listing services required to remit taxes under this section must notify the appropriate local governmental entity or entities if rental property, previously listed by them, is dropped from their listings. HISTORY: 1997 Act No. 138, Section… Continue Reading Property Management info
https://www.nar.realtor/about-nar/grants-and-funding/legal-action-program Posted by: Byron King on 12/06/22 (This information is only accurate as of 12/06/22. You must contact SCR for updates and changes to this information after 12/06/22 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 Legal Action Funding Information
https://www.nar.realtor/videos/window-to-the-law/legal-issues-for-teams State License Laws - team advertising must not give false impression of a standalone brokerage and must use the brokerage/company name in all advertising BIC Supervising associated licensees and teams, have copy of team agreement drafted by lawyers Employment Law/Policy (classifications...generally salespersons are often independent contractors and control can create non-licensed administrative employees or… Continue Reading NAR Legal: A BIC’s Team Risk Management Video
Favorite Interior Design Trend by Decade The latest home design fads often are inspired by the past. Find out the trends from years ago that are among consumers’ favorites. Design Trends Powered by WPeMatico