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License Law on Compensation Excerpts

By |2024-04-29T14:31:07-05:00April 29th, 2024|Legal FAQs|

Misconduct and Redress SECTION 40-57-710. Grounds for denial of issuance of license or for disciplinary action against licensee. (A) In addition to Section 40-1-110, the commission may deny issuance of a license to an applicant or may take disciplinary action against a licensee who: License Law: (28) allows or creates an unreasonable delay in the [...]

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Consolidation News

By |2024-04-12T12:47:37-05:00April 12th, 2024|Legal FAQs|

https://www.inman.com/2024/04/12/judges-decline-to-centralize-commission-lawsuits/?utm_source=newsflash&utm_medium=email&utm_campaign=newsflash&utm_content=1024355_readmore_0_19700101&message_id=35017945.78741 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and [...]

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NAR: Negotiation Training

By |2024-03-18T15:42:15-05:00March 18th, 2024|Legal FAQs|

https://www.nar.realtor/education/designations-and-certifications/real-estate-negotiation-expert-rene https://www.nar.realtor/education/designations-and-certifications/accredited-buyers-representative-abr/free-in-2024 https://www.nar.realtor/newsroom/nar-reaches-agreement-to-resolve-nationwide-claims-brought-by-home-sellers https://www.nar.realtor/competition-in-real-estate?cid=ban_BRG-G01&gclid=CjwKCAjwzN-vBhAkEiwAYiO7oKGAacmv3Vv495j38jNWksEnggeKDsTw5d1ymvVamb_eFs26qc-6VBoCExMQAvD_BwE Members asking what they do between now and July 2024 1. Serve your clients and customers professionally. Keep reading SCR legal updates. 2. Start training your associated licensees and yourselves how to: Explain your value. Explain compensation Get the buyer to sign a buyer agency agreement asap Understand how the SCR120 [...]

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NAR: Get ABR Accredited Buyers Representative From NAR at No Additional Cost aka “Free”

By |2024-03-18T15:14:02-05:00March 18th, 2024|Legal FAQs|

https://www.nar.realtor/education/designations-and-certifications/accredited-buyers-representative-abr/free-in-2024 https://www.nar.realtor/newsroom/nar-reaches-agreement-to-resolve-nationwide-claims-brought-by-home-sellers https://www.nar.realtor/competition-in-real-estate?cid=ban_BRG-G01&gclid=CjwKCAjwzN-vBhAkEiwAYiO7oKGAacmv3Vv495j38jNWksEnggeKDsTw5d1ymvVamb_eFs26qc-6VBoCExMQAvD_BwE Members asking what they do between now and July 2024 1. Serve your clients and customers professionally. Keep reading SCR legal updates. 2. Start training your associated licensees and yourselves how to: Explain your value. Explain compensation Get the buyer to sign a buyer agency agreement asap Understand how the SCR120 compensation [...]

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BREAKING NEWS: NAR Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers

By |2024-03-15T12:47:38-05:00March 15th, 2024|NAR, SCR|

It was announced this morning that NAR has reached a settlement in the Sitzler/Burnett case and the story is out on every major real estate site. I've included below the press release from NAR so you have the information straight from the source. Here are the key terms of the settlement: NAR will pay [...]

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NAR Legal on Marketing with Phones, Texts, Emails, 3rd Party Lead Generation, Express Consent, Laws

By |2024-02-26T08:36:26-05:00February 26th, 2024|Legal FAQs|

https://www.nar.realtor/telemarketing-cold-calling ps. In SC, there are laws against using public records for many commercial marketing purposes that real estate agents need to follow. Posted by: Byron King on 02/26/24 (This information is only accurate as of 02/26/24. You must contact SCR for updates and changes to this information after 02/26/24 as laws and regulations may [...]

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Risk Management: Marketing Calls, Texts, Emails, Robocalls, Robotexts, Lead Generation Services

By |2024-02-05T15:17:50-05:00February 5th, 2024|Legal FAQs|

Be careful! Homeowners get upset about getting marketing calls, especially robocalls and that can lead to complaints being filed. Brokerages should have policies and lawyer risk management and brokerage do not call registry for when your agents are told to never call. Ensure your defense trial lawyers look at your agreements with lead generation services [...]

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6% owners ATI 25% FMV discount form 2024 before January 31 Pickens County

By |2024-01-17T16:03:04-05:00January 17th, 2024|Legal FAQs|

https://tsc-gis-wp1.schneidercorp.com/pickens/wp-content/uploads/sites/55/2022/01/25-Exemption-for-6-ATI-Conveyances-2024-11-7-23-1.pdf Posted by: Byron King on 01/17/24 (This information is only accurate as of 01/17/24. You must contact SCR for updates and changes to this information after 01/17/24 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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