News You Can Use

In 2010, REALTOR® members across the country met vastly different market conditions. Some markets saw a boom after the Great Recession; others have continued to be plagued with high unemployment conditions. All markets have been stalled by the tightening of the mortgage market, which has limited potential clients from purchasing a home. Existing home sales declined slightly from 2009 to 2010, to 4.9 million sales from 5.2 million sales. Prices of existing homes remained steady from 2009 to 2010 at $172,900.

As reported in the May 3, 2011 Wall Street Journal; the SC Supreme Court halts judicial foreclosures reminiscent of the 2009 SC Supreme Court ordered judicial foreclosure moratorium designed to help solve the foreclosure crisis.

To learn more about the MARS rule and avoiding mortgage scams, read the FTC’s Mortgage Assistance Relief Scams: Another Potential Stress for Homeowners in Distress. You also can watch Real People. Real Stories, a 3 ½ minute video about foreclosure rescue scams.

Small member-driven association seeks an outgoing Association Executive to partner with its committees and leadership to implement innovative and successful programs and services. Ideal candidate will keep abreast of issues affecting the real estate industry, keep the leadership informed and proactively address critical industry issues, and promote the Association's efforts to the public and media. Travel to state and national association meetings is required.

When Do I Explain Agency and Provide Agency Brochure to Potential Buyers and Sellers?

Answer:  First practical opportunity when you have substantive contact.

Minimizing Risk, Risk Management:  Carry copies of the agency disclosure forms with you and hand them out like candy.  Also, email copies to your contacts in a similar manner.  Provide an explanation too.

FOR IMMEDIATE RELEASE

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SCR recommends that listing agents always make written seller disclosure a requirement for taking the listing.

In 2009, there was great SC Appeals Court case that sets precedent:  real estate agents cannot be sued by buyers for property condition if there was a seller disclosure RPCDS and the real estate agents were not aware of any misrepresentations.  Also, the real estate agents did not make any representations.  Please see attached.