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NAR Announces Members Get ABR Course in 2024, No Tuition Charged

By |2024-02-26T11:45:25-05:00February 26th, 2024|Legal FAQs|

Please review the announcement below from NAR CEO Nykia Wright. "Today we are announcing that throughout 2024, NAR is making the popular Accredited Buyer’s Representative (ABR®) designation course, which is typically $295, available to REALTORS® at no cost." Please share this with your members and encourage them to get started at become.abr.realtor. The first live [...]

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NAR Legal on Marketing with Phones, Texts, Emails, 3rd Party Lead Generation, Express Consent, Laws

By |2024-02-26T08:36:26-05:00February 26th, 2024|Legal FAQs|

https://www.nar.realtor/telemarketing-cold-calling ps. In SC, there are laws against using public records for many commercial marketing purposes that real estate agents need to follow. Posted by: Byron King on 02/26/24 (This information is only accurate as of 02/26/24. You must contact SCR for updates and changes to this information after 02/26/24 as laws and regulations may [...]

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REALTOR Magazine on the Missouri Class Action Lawsuit and related issues

By |2024-02-26T08:15:36-05:00February 26th, 2024|Legal FAQs|

https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/breaking-down-sitzer-burnett Posted by: Byron King on 02/26/24 (This information is only accurate as of 02/26/24. You must contact SCR for updates and changes to this information after 02/26/24 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 [...]

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Top Ten Hotlines January 2024

By |2024-02-23T12:58:36-05:00February 23rd, 2024|Legal FAQs|

1. State law 2. Forms 3. Other, various legal topics/issues 4. License law 5. Advertising 6. Ethics 7. Disclosure 8. Compensation 9. Agency 10.Due diligence Earnest money Ethics complaints BIC office management Property Management Arbitration Mediation Appraisal Fair Housing MLS Federal law Multiple offers, escalation clauses Posted by: Byron King on 02/23/24 (This information is [...]

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Not all Mortgages are Assumable

By |2024-02-23T11:43:22-05:00February 23rd, 2024|Legal FAQs|

WARNING: Not all mortgages are assumable. WARNING: Most mortgages are likely not assumable. WARNING: Many mortgages contain "due on sale" clauses that prevent assumption and can make the entire mortgage due and payable at closing. This could be financially harmful to a party or parties if this occurs. Financial harm can lead to you being [...]

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Vacant Land Sales Scams – Crooks adapting to defeat risk management strategy

By |2024-02-22T14:52:04-05:00February 22nd, 2024|Legal FAQs|

Beware of the seller impersonation, vacant land sales scam because these crooks are adapting to at least one risk management strategy. Reports of the crooks using fake US passport IDs have been received. Reports of the crooks changing the tax bill address to defeat that risk management tip of overnighting a letter to that tax [...]

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NAR Magazine on Ai in Advertising

By |2024-02-20T16:33:40-05:00February 20th, 2024|Legal FAQs|

https://www.nar.realtor/blogs/emerging-technology/how-generative-ai-can-transform-your-real-estate-images?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&lrh=f3d3398596de554c8ce28d0171fc77ec79f4cbe447d90ba1a9b8eade908d8477&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=E3734CE8-8C50-4CD1-923A-F9CCBAAC4D70 Some risk management thoughts are to always have the real photo next to the labeled/watermarked "Ai, photo edited/staged" photo next to it. Posted by: Byron King on 02/20/24 (This information is only accurate as of 02/20/24. You must contact SCR for updates and changes to this information after 02/20/24 as laws and regulations may [...]

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NAR On Updates to the Independent Contractor Status by Feds

By |2024-02-20T09:27:49-05:00February 20th, 2024|Legal FAQs|

https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/how-brokers-can-preserve-independent-contractor-status https://www.nar.realtor/videos/window-to-the-law/independent-contractor-status-update Posted by: Byron King on 02/20/24 (This information is only accurate as of 02/20/24. You must contact SCR for updates and changes to this information after 02/20/24 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. [...]

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NAR on Harassment

By |2024-02-20T09:22:01-05:00February 20th, 2024|Legal FAQs|

https://www.nar.realtor/ae/aexperience/its-about-respect Posted by: Byron King on 02/20/24 (This information is only accurate as of 02/20/24. You must contact SCR for updates and changes to this information after 02/20/24 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 [...]

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Specific Performance Ordered in Residential Deal (Wyoming)

By |2024-02-20T09:19:35-05:00February 20th, 2024|Legal FAQs|

https://www.nar.realtor/legal-case-summaries/court-requires-completion-of-sale-after-attempted-void-of-purchase-agreement Posted by: Byron King on 02/20/24 (This information is only accurate as of 02/20/24. You must contact SCR for updates and changes to this information after 02/20/24 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 [...]

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