https://www.scstatehouse.gov/sess125_2023-2024/prever/881_20231130.htm
- Consumers impacted should contact their attorney asap.
- S.881 , Prohibition of unfair service agreements, was signed into law on May 20, 2024. This legislation prohibits the recording of unfair service agreements (long term listing agreements) and deems them unfair if they meet certain criteria (like running with the property or creating a lien or encumbrance). The legislation will prohibit the recording of these agreements in property records. The legislation will also provide legal remedies to consumers, allowing the ability to recover damages, costs, and attorney’s fees from service providers who engage in predatory practices. The bill was signed by the governor and goes into effect immediately.
Posted by: Byron King on 06/21/24 (This information is only accurate as of 06/21/24. You must contact SCR for updates and changes to this information after 06/21/24 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 general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.