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NAR Settlement Info: Facts.REALTOR

By |2024-06-04T09:14:29-05:00June 4th, 2024|Legal FAQs|

https://www.nar.realtor/the-facts 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… Continue Reading NAR Settlement Info: Facts.REALTOR

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New License Law: License Renewals Running April 1 to June 30

By |2024-06-03T10:00:27-05:00June 3rd, 2024|Legal FAQs|

https://llr.sc.gov/re/FAQ_Renewal.aspx (C) A license only may be renewed in accordance with procedures established by the commission pursuant to Section 40-1-50(D). A licensee is responsible for renewing his license whether or not he receives notice. (D) A license that is not renewed before its expiration date lapses. Further practice may be sanctioned as unlicensed practice and… Continue Reading New License Law: License Renewals Running April 1 to June 30

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New License Law: BIC: Attend LLR SCREC Hearings Alongside Your Associated Licensee Respondent

By |2024-06-03T07:31:12-05:00June 3rd, 2024|Legal FAQs|

(B) If after an investigation, charges of a violation are brought against a licensee, the broker-in-charge or property manager-in-charge must be notified of the charges. In the event a supervised licensee is noticed for a formal complaint hearing or otherwise appears before the commission to resolve the charges, the broker-in-charge or property manager-in-charge of record… Continue Reading New License Law: BIC: Attend LLR SCREC Hearings Alongside Your Associated Licensee Respondent

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New License Law: Reminder that the BIC is Responsible for their Brokerage

By |2024-06-03T07:26:53-05:00June 3rd, 2024|Legal FAQs|

(7) "Broker-in-charge" means the sole broker designated by the commission to have responsibility over the actions of all supervised licensees. A broker-in-charge is responsible for: (a) the day-to-day management of the brokerage firm; (b) the control and liability for a real estate trust account; and (c) ensuring compliance with all applicable laws and regulations. The… Continue Reading New License Law: Reminder that the BIC is Responsible for their Brokerage

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NAR on the Unauthorized Practice of Law

By |2024-05-30T15:20:14-05:00May 30th, 2024|Legal FAQs|

https://www.youtube.com/watch?v=Pht4r8RX3_I 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… Continue Reading NAR on the Unauthorized Practice of Law

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2024 New License Law, SCR Video: Some Important Parts

By |2024-05-30T11:51:53-05:00May 30th, 2024|Legal FAQs|

https://www.youtube.com/watch?v=iBe7diWw5kQ 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… Continue Reading 2024 New License Law, SCR Video: Some Important Parts

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