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ATI filing is due on Jan 30, 2021 for all appropriate transactions that closed in 2020. Rollback property taxes go from 5 years to 3 years on 1/1/2021. Parties may consider closing in 2021 if able for this reason. Thanks REALTORS® and staff who have been active in SC governmental affairs. Hotline: 803-772-5206 or email… Continue Reading To Do List 2021: Close Ag Prop (Rollback Tax 5 to 3), File ATI for 2020 Deals
5 Decorating Trends for This Holiday Season Even a cozy home can use some festive flair. By: Melissa Dittmann Tracey Powered by WPeMatico
Case # 17-1: Obligation to Submit to Arbitration REALTOR® A and REALTOR® B had been engaged in a cooperative transaction that resulted in a dispute regarding entitlement to compensation. Rather than requesting arbitration before the Association of REALTORS®, REALTOR® A filed suit against REALTOR® B for payment of the compensation he felt REALTOR® B owed… Continue Reading Ethics Case 17-1 You Decide – Arbitration
The silver lining (if any) for COVID-19 is sometimes online meetings such as the below online NAR professional standards meetings and mediation meetings. In other years, you would have time and money expense to travel to the NAR conference to participate in these meetings. In 2020, these meetings are online. Monday, November 2, Professional Standards… Continue Reading NAR Online Professional Standards and Mediation Meetings
Obtaining Credit and Income Growth Expectations Income and credit conditions are two main factors that affect the ability of consumers in obtaining a loan for a home or other personal property. By: Michael Hyman Financing & Credit Powered by WPeMatico
Below are some in-person/virtual conversations that SC real estate licensees/members must have and memorialize/document ideally with consumer initials/date/sign/e-sign. REMINDER: You have unlimited Digital Ink e-sign capabilities as a SCR member via your SCR provided zipForms online account that you can easily set up (if have not yet) and your brokerage/team may provide you with a… Continue Reading Conversations that Buyer Side Members/Licensees Must Have/Document
https://screaltors.org/wp-content/uploads/2019/04/MediatorPamphlet2019-2.pdf https://screaltors.org/wp-content/uploads/2020/03/OnlineMediation.pdf SCR mediation information page: https://screaltors.org/mediation/ If you need to take your annual mediator professional standards training, NAR offers training online that counts for your triennial ethics training or you can purchase CE qualifying ethics training class hours. Take the Online Course: NEW: Continuing Education ("CE") Option Free Existing Member Course Posted by: Byron… Continue Reading SCR Mediation Info
http://2hsvz0l74ah31vgcm16peuy12tz.wpengine.netdna-cdn.com/wp-content/uploads/2020/05/ClemmonsA-OS-10481-FINAL-Opinion-5-5-2020-02273426xD2C78-02277384xD2C78.pdf Posted by: Byron King on 09/16/20 (This information is only accurate as of 09/16/20. You must contact SCR for updates and changes to this information after 09/16/20 as laws and regulations may change over time. SCR 803-772-5206 or email Byron)
NAR Code of Ethics allows general telephone/mailer soliciting that comply with laws (DO NOT CALL FEDERAL LAWS) and do not target via MLS information. Article 16 REALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with clients. (Amended 1/04) •… Continue Reading NAR Ethics on General Mailers and General Telephone Solicitations
The #1 hotline call is REPAIR PROCEDURE disputes...callers are asking if the buyer can terminate or will the buyer be in breach when terminating. Usually, the issues involve "improvements - structurally sound" or "systems - operative condition" and both are decided by judges based on expert opinions. The #2 hotline call is EARNEST MONEY. 2016-2017,… Continue Reading Top 2 Hotline Questions: REPAIR PROCEDURE TERMINATION and EARNEST MONEY DISPUTE