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​ ​ ​(H) If trust funds are held outside a licensee’s brokerage firm, the licensee remains obligated to en sure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract.

By |2025-03-24T07:28:04-05:00March 24th, 2025|Legal FAQs|

(H) If trust funds are held outside a licensee's brokerage firm, the licensee remains obligated to ensure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract. Properly check on earnest money, security deposits, trust funds, etc, are timely and properly delivered (e.g., law firm, lawyer,… Continue Reading ​ ​ ​(H) If trust funds are held outside a licensee’s brokerage firm, the licensee remains obligated to en sure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract.

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SC Laws on Cremated Remains (Fed EPA/NatlParks have Regs)

By |2025-03-20T15:01:44-05:00March 20th, 2025|Legal FAQs|

SECTION 32-8-345.Crematory authority or licensed funeral establishments responsibility for the final disposition of the cremated remains. (A) The agent or a licensed funeral establishment or crematory authority is responsible for the final disposition of the cremated remains. (B) Cremated remains may be disposed of by placing in a grave, crypt, niche, by scattering them in… Continue Reading SC Laws on Cremated Remains (Fed EPA/NatlParks have Regs)

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Sample of What to Say When a Listed Seller Contacts You About their Listing with Another Brokerage

By |2025-03-20T09:29:54-05:00March 20th, 2025|Legal FAQs|

As you can imagine when the shoe is on the other foot and one of your seller clients starts interacting with other brokerages and agents (which is likely a seller breach of your listing agreement), there is risk for you all in this situation. So, be very careful. Call the hotline asap! Maybe something like...… Continue Reading Sample of What to Say When a Listed Seller Contacts You About their Listing with Another Brokerage

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FHA IPC, 3rd Party Contributions, Underwriting, NAR Persuades FHA

By |2025-03-19T09:48:19-05:00March 19th, 2025|Legal FAQs|

https://www.hud.gov/sites/dfiles/SFH/documents/SFH_FHA_INFO_2024-12.pdf This information is only accurate as of 3/19/25. You must contact SCR for updates and changes to this information after 3/19/25 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… Continue Reading FHA IPC, 3rd Party Contributions, Underwriting, NAR Persuades FHA

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Cremated/Remains on the Property

By |2025-03-18T16:43:37-05:00March 18th, 2025|Legal FAQs|

The hotline has been getting several cremated remains disclosure questions recently. For risk management reasons, proper seller disclosure SCR230 SCRPCDS disclosure can help protect everyone. Buyers who don't care about remains on property, won't mind disclosure. Buyers who do care about cremated remains on property, will appreciate disclosure. Failure to disclose can result in lawsuits,… Continue Reading Cremated/Remains on the Property

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NAR update: TCPA DNC ATDS AI-VM CONSENT Telemarketing, Soliciting Using Phone

By |2025-03-18T13:30:29-05:00March 18th, 2025|Legal FAQs|

https://www.nar.realtor/videos/window-to-the-law/fcc-one-to-one-consent-rule-vacated Best risk management, always get written permission to call (e.g., using your website, the consumer requests information on properties and gives phone consent). Avoid using ATDS (auto/random dial systems) and Ai messenger services even though third party vendors. Comply with DO NOT CALL laws. DNC Regularly and IAW with your DNC Policies...,Check DO NOT… Continue Reading NAR update: TCPA DNC ATDS AI-VM CONSENT Telemarketing, Soliciting Using Phone

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SC Dept Consumer Affairs: ID Theft and Scams, How to Stay Safe Zoom

By |2025-03-17T12:17:39-05:00March 17th, 2025|Legal FAQs|

https://zoom.us/webinar/register/WN_dthZQ-QMSZCORKOUHl6yqg#/registration Topic: ID Theft and Scams: How to Stay Safe When: Wednesday, March 19, 2025 • 10:30-11:15 a.m. New scams are popping up every day and identity theft is costly and time consuming. Come learn the red flags of a scam and the FREE ways to protect your info. With these tools, you won’t end… Continue Reading SC Dept Consumer Affairs: ID Theft and Scams, How to Stay Safe Zoom

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Offer/Counteroffer Rejection Form, SCR314, Both Sides – ALERT this 3/13/25 post updates the 6/8/22 obsolete post

By |2025-03-13T12:58:30-05:00March 13th, 2025|Legal FAQs|

This is an update to a June 8, 2022 post with this same title, as SC license law updated in 2024. Please see below. No longer rely upon the June 8, 2022 post as license law has been updated. Note that SCR314 now has a license law delivery deadline post rejection of 48 hours. Offer/Counteroffer… Continue Reading Offer/Counteroffer Rejection Form, SCR314, Both Sides – ALERT this 3/13/25 post updates the 6/8/22 obsolete post

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NAR Consumer Guides: New: Marketing Your Home. (English/Spanish)

By |2025-03-13T08:25:17-05:00March 13th, 2025|Legal FAQs|

As previewed last week, NAR is pleased to share the latest consumer guide focused on marketing a home. This guide covers several methods for sellers to consider, including setting up showings, hosting open houses, and maximizing the visual appeal of a home through staging and/or cosmetic updates. As a reminder, all guides in this series… Continue Reading NAR Consumer Guides: New: Marketing Your Home. (English/Spanish)

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Advertising, Use Brokerage Name/Link, SC Laws, NAR Ethics

By |2025-03-13T08:22:07-05:00March 13th, 2025|Legal FAQs|

SC state laws (2) When advertising or marketing real estate owned, in whole or in part, by another person in any medium, including site signage, a licensee clearly must identify the full name of the real estate brokerage firm with which the licensee is associated. When advertising on the Internet or in another electronic media,… Continue Reading Advertising, Use Brokerage Name/Link, SC Laws, NAR Ethics

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