After a week of calls on the new strictly Due Diligence contract the SCR Legal Team wanted to highlight the three most common questions/issues we've gotten as well as the answers to those questions. Can I draft an addendum to the contract in order to "fix" or "add to" Due Diligence? REALTORS® should not under any circumstances [...]
By: Austin Smallwood, SCR Director of Legal and Regulatory Affairs In times such as these it is more important that REALTORS® do what they do best and that’s get deals done. Now more than ever is a time to distinguish yourself by keeping in mind Articles 1 and 13 of the Code of Ethics. Article [...]
Sellers should carry appropriate insurance and should discuss any liability and insurance issues with their law firm and insurance broker. Brokers and independent contractors should discuss their own insurance and liability issues with their respective law firms and insurance companies. By agreements (independent contractor agreement, policy manual, brokerage policies, other agreements, etc.), the brokerage might [...]