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NAR’s Mock Mediation Videos

By |2024-06-06T10:47:33-05:00June 6th, 2024|Legal FAQs|

https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/mediation-resources/mediation-demonstration-videos Settlement is often used to resolve issues. Mediation is organized settlement. Posted by: Byron King on 06/06/24 (This information is only accurate as of 06/06/24. You must contact SCR for updates and changes to this information after 06/06/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or [...]

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NAR Settlement Info: VA Veterans Administration Loans, Hopeful Info

By |2024-06-04T10:21:17-05:00June 4th, 2024|Legal FAQs|

https://www.nar.realtor/magazine/real-estate-news/veterans-affairs-signals-temporary-suspension-of-buyer-agent-payment-ban Posted by: Byron King on 06/04/24 (This information is only accurate as of 06/04/24. You must contact SCR for updates and changes to this information after 06/04/24 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 [...]

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NAR on Post Settlement Compensation

By |2024-05-30T15:18:08-05:00May 30th, 2024|Legal FAQs|

https://www.youtube.com/watch?v=bcK-ox4NmeU Posted by: Byron King on 05/30/24 (This information is only accurate as of 05/30/24. You must contact SCR for updates and changes to this information after 05/30/24 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 [...]

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Do Not Use Public Records for Commercial Solicitation

By |2024-05-30T12:11:09-05:00May 30th, 2024|Legal FAQs|

Title 30 - Public Records CHAPTER 2 Family and Personal Identifying Information Privacy Protection ARTICLE 1 The Family Privacy Protection Act https://www.scstatehouse.gov/code/t30c002.php SECTION 30-2-50. Obtaining personal information from state agency, local government, or other political subdivision for commercial solicitation; penalty. (A) A person or private entity shall not knowingly obtain or use personal information obtained [...]

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Compensation Agreement SCR120

By |2024-05-30T09:50:04-05:00May 30th, 2024|Legal FAQs|

https://www.screaltors.org/wp-content/uploads/Forms/120.pdf The SCR120 compensation agreement has a variety of uses including but not limited to: 1. FSBO seller agrees to compensate the buyer side brokerage. 2. Listing brokerage agrees to compensate the buyer side brokerage (e.g., when the buyer side brokerage is not a participant in the listing MLS, when the buyer side brokerage has [...]

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Housing Wire on NAR Board’s Ethics Recommendation to the 11/24 NAR Delegate Body for 1/25 Update to the NAR COEAM

By |2024-05-13T08:31:54-05:00May 13th, 2024|Legal FAQs|

Code of ethics changes In addition to voting on membership dues, NAR’s board of directors also voted to amend Article 4 of the trade group’s code of ethics, in an attempt to clarify Realtors’ obligations when they have ownership interest in a property. As these changes pertain to the code of ethics, however, they will [...]

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NAR Resources: DC Legislative Podcast, ABR free to Current Members, Settlement Info, Other

By |2024-05-10T09:09:21-05:00May 10th, 2024|Legal FAQs|

Welcome to the Advocacy Scoop, the only podcast that takes you inside the advocacy work of the National Association of REALTORS®. We’ve turned one of our most popular conference sessions into a new, monthly podcast hosted by Chief Advocacy Officer Shannon McGahn and Director of Advocacy Communications Patrick Newton. Now you can stay up to [...]

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Professional Standards, Ethics, Arbitration, Mediation, Ombudsman: Educate Yourself

By |2024-04-30T13:21:49-05:00April 30th, 2024|Legal FAQs|

If you are interested in REALTOR® professional standards, ethics, arbitration, mediation, and or ombudsman, or you serve as a member of the professional standards committee or grievance committee or as a mediator/ombudsman; please begin and continue your self education program at this link over time: https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/educational-resources The National Association of REALTORS® is America’s largest trade [...]

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NAR Code of Ethics Excerpts on Compensation

By |2024-04-29T14:45:36-05:00April 29th, 2024|Legal FAQs|

Article 6 REALTORS® shall not accept any commission, rebate, or profit on expenditures made for their client, without the client’s knowledge and consent. Article 7 In a transaction, REALTORS® shall not accept compensation from more than one party, even if permitted by law, without disclosure to all parties and the informed consent of the REALTOR®’s [...]

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