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Property Management – NAR Case – Burst Pipe

By |2023-08-16T15:40:34-05:00August 16th, 2023|Legal FAQs|

https://www.nar.realtor/legal-case-summaries/tenant-granted-judgment-over-landlord-in-burst-pipe-case Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 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 Property Management – NAR Case – Burst Pipe

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Federal Office Protecting Land Deals Near USA Military Bases

By |2023-08-16T15:37:52-05:00August 16th, 2023|Legal FAQs|

https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 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 Federal Office Protecting Land Deals Near USA Military Bases

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LLC Income Property Seller, Why Closing Attorney Asks Majority of Business Assets?

By |2023-08-15T15:05:13-05:00August 15th, 2023|Legal FAQs|

SECTION 12-54-124. Transfer of business assets; tax liens; suspension of business license; certificate of compliance. In the case of the transfer of a majority of the assets of a business, other than cash, whether through sale, gift, devise, inheritance, liquidation, distribution, merger, consolidation, corporate reorganization, lease or otherwise, any tax generated by the business which… Continue Reading LLC Income Property Seller, Why Closing Attorney Asks Majority of Business Assets?

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Top Ten Hotlines July 2023 +1

By |2023-08-14T14:40:59-05:00August 14th, 2023|Legal FAQs|

11. Earnest money 10. TIE = Compensation, Property Management, Disclosure 9. MLS 8. Agency 7. Advertising 6. Ethics/Arbitration/Mediation aka Professional Standards aka Professionalism 5. License law 4. Due diligence 3. Other (e.g., scams, safety, professionalism, death, closing issues, breach) 2. Forms 1. State law Posted by: Byron King on 08/14/23 (This information is only accurate… Continue Reading Top Ten Hotlines July 2023 +1

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Crytocurrency and SCR Standard Form (SCR310 Contract)

By |2023-08-14T09:00:22-05:00August 14th, 2023|Legal FAQs|

SCR310 requires payment of United States of America Dollars as Good Funds. So, buyers who want to use cryptocurrency can convert their cryptocurrency into U.S. Dollars pre-offer (best to handle any anticipated and unanticipated delays in converting cryptocurrency to U.S. Dollars as well as any cryptocurrency depreciation) or during the due diligence period. Sellers who… Continue Reading Crytocurrency and SCR Standard Form (SCR310 Contract)

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NAR Legal on Cryptocurrency

By |2023-08-14T08:46:30-05:00August 14th, 2023|Legal FAQs|

https://www.nar.realtor/videos/window-to-the-law/cryptocurrency-best-practices Posted by: Byron King on 08/14/23 (This information is only accurate as of 08/14/23. You must contact SCR for updates and changes to this information after 08/14/23 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 on Cryptocurrency

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Death in a Listing – Past, Present

By |2023-08-08T09:40:44-05:00August 8th, 2023|Legal FAQs|

Some risk management for death that occurred in a listed property: Some buyers will not care about the death. Some buyers will care about the death and might walk even last minute before closing upon learning about the death, and the buyers will eventually learn about the death (e.g., the neighbors tell, the death is… Continue Reading Death in a Listing – Past, Present

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Vacant Land Sales Scams – Risk Management

By |2023-08-08T09:22:24-05:00August 8th, 2023|Legal FAQs|

A listing agent who gets an email "out of the blue" from a geographically distant owner claiming to want to sell has some risk management strategies. 1. Be suspicious when you get a listing falling into your lap without the distant owner explaining how they contacted the REALTOR® (e.g., "Hey, my friend and neighbor sold… Continue Reading Vacant Land Sales Scams – Risk Management

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Brady Bunch House Set to Sell, Big Chill House, Etc.

By |2023-08-07T13:22:40-05:00August 7th, 2023|Legal FAQs|

https://www.wsj.com/articles/celebrity-houses-famous-homes-6ba91102?mod=hp_featst_pos5 Posted by: Byron King on 08/07/23 (This information is only accurate as of 08/07/23. You must contact SCR for updates and changes to this information after 08/07/23 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 Brady Bunch House Set to Sell, Big Chill House, Etc.

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