Michael Crist

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So far Michael Crist has created 2762 blog entries.

SCR300 SCR310 Residential Contract’s Fire/Casualty/Injury Section

By | September 18th, 2018|Legal FAQs|

Upon flood, storm, wind, hurricane, fire, earthquake, or other whole/partial damage to the Property, the buyer or the seller have a window where either can timely/properly terminate the deal. If neither the buyer nor the seller timely/properly terminate the deal within the window, then the seller is obligated to repair the damage or provide an [...]

Hurricanes, Storms, Floods, Earthquakes, Natural and Man Made Disasters

By | September 18th, 2018|Legal FAQs|

SCR311 Due Diligence addendum allows a buyer to timely and properly terminate. Sellers have agreed to maintain the Property in Section 3 of SCR310 contract. The SCR310 contract has provisions for casualty/injury and re-inspections and seller disclosure and mold/fungi. The seller disclosure has many pertinent questions for potential disasters including water questions and contamination questions [...]

Find Out the New, Hot Home Color for 2019

By | September 17th, 2018|NAR|

By Melissa Dittmann Tracey, REALTOR(R) Magazine Photo credit: Behr The paint company Behr has named a rich, bluish hue its 2019 Color of the Year. Blueprint is a mid-tone blue that is described as warmer than denim but softer than navy. Behr is predicting that embracing a full range of blue, teal,and gray will be [...]

July 2018 Housing Affordability Index

By | September 14th, 2018|NAR|

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.75 percent this July, up 14.7 percent compared to 4.14 percent a year ago. Housing affordability declined from a year ago in July moving the index down 8.2 percent from 151.2 to 138.8. The [...]

What We’re Reading: September 10-14

By | September 14th, 2018|NAR|

Mustard pizza, real estate tips from “Game of Thrones”, the oldest house in Mexico City and more compiled by Anne-Marie Siudzinski, Senior Library Information Specialist. Nonprofits are looking to move into better spaces, says a new report from CBRE. Mustard on pizza?  We say NO!             BobbbyLight/flickr/2012 Indications of rising home prices include florists, wine [...]

CANCELED: Own The Future: 2018 South Carolina REALTORS® Annual Conference

By | September 13th, 2018|Uncategorized|

As you all know, Hurricane Florence is expected to make landfall in the coming days and directly impact the great state of South Carolina during the same time SCR's Annual Conference, Own the Future was scheduled in Myrtle Beach. Unfortunately, the conference is officially canceled and will not be rescheduled due to expected impacts around [...]

Sign up for October 1, 2, and 3 2018 mediator/ombudsman training

By | September 13th, 2018|Legal FAQs|

SCR mediators have long mediated commission disputes between brokerages prior to formal arbitration hearings. In mediation, the money is divided between the brokerages in some percentage per the brokers' decisions. In arbitration, one party gets the money per the arbitration hearing panel's decision. SCR mediators have long mediated earnest money disputes between buyers and sellers. [...]

Earnest Money Disputes, BIC Holding Earnest Money (Mediation/Litigation)

By | September 13th, 2018|Legal FAQs|

Here is the link to the SCR mediation information: https://www.screaltors.org/mediation/ Here is the link to the SCR mediator list: https://www.screaltors.org/wp-content/uploads/2017/11/MediatorPamphlet2016.pdf Recommend the parties seek legal counsel asap. The parties will talk and decide which mediator they want to hire and where/when to meet. Then, the parties will meet and split the money in some percentages [...]

Don’t Put Conditions (other than procuring cause) on Coop Compensation in MLS

By | September 12th, 2018|Legal FAQs|

Section 5, Compensation Specified on Each Listing, in the NAR Model MLS Rules provides in pertinent part that compensation “…offers are unconditional except that entitlement to compensation is determined by the cooperating broker’s performance as the procuring cause of the sale (or lease)…” It can be a potential MLS rules violation to do otherwise. Posted [...]

Due to the projected path of Hurricane Florence, and out of concern for the safety of all who are involved with this year’s annual conference Own the Future, SC REALTORS® has decided to cancel the event.  It will not be rescheduled.

Staff and Volunteers have worked tirelessly for more than a year to plan the conference and are disappointed by this terrible turn of events.

All attendees will be refunded. We appreciate your patience as we deal with this and ask that you give us at least 2 weeks to process all requests.

For more information, please click here.

Thank you and stay safe.