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SCR310 Agreed Price is Greater than Appraised Value

By |2021-05-13T09:50:02-05:00May 13th, 2021|Legal FAQs|

SCR310 can handle this issue of the PRICE exceeding the APPRAISED VALUE in several ways. SCR310 has a checkbox to include or not include an Appraisal Contingency. Hotline has heard reports of the Parties not agreeing to use the Appraisal Contingency. Obviously if used, the Appraisal Contingency can handle this situation in the stated manner. [...]

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Ransomeware

By |2021-05-13T08:13:41-05:00May 13th, 2021|Legal FAQs|

https://go.lexisnexis.com/landing-page/192295?utm_campaign=1-10744912572_M-2021+CL+TGC+Regulatory+Compliance+Co-branded+EM+May_1-10101618501&utm_medium=email&utm_source=broadcast&utm_term=Mkt+Large+CL&utm_content=cta1_B&access=1-10101618501&treatcd=1-10744912572 Posted by: Byron King on 5/13/21 (This information is only accurate as of 5/13/21. You must contact SCR for updates and changes to this information after 5/13/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.og)

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Independent Contractor

By |2021-05-12T13:12:08-05:00May 12th, 2021|Legal FAQs|

https://www.nexsenpruet.com/insights/gig-worker-friendly-independent-contractor-test-withdrawn-by-department-of-labor Posted by: Byron King on 5/12/21 (This information is only accurate as of 5/12/21. You must contact SCR for updates and changes to this information after 5/12/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)

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NAR on MLS Lawsuits

By |2021-05-11T11:51:53-05:00May 11th, 2021|Legal FAQs|

https://www.nar.realtor/2020-nar-doj-agreement-regarding-mls-rules https://www.nar.realtor/legal/hot-topics-for-brokers Posted by: Byron King on 5/11/21 (This information is only accurate as of 5/11/21. You must contact SCR for updates and changes to this information after 5/11/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.og)

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Top Ten Risks for Brokers from NAR

By |2021-05-11T11:45:27-05:00May 11th, 2021|Legal FAQs|

https://www.nar.realtor/legal/hot-topics-for-brokers Posted by: Byron King on 5/11/21 (This information is only accurate as of 5/11/21. You must contact SCR for updates and changes to this information after 5/11/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.og)

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Evictions: RECOMMEND LANDLORDS HIRE LAW FIRM, ALSO APPLY FOR MONEY ASAP

By |2021-05-06T17:03:44-05:00May 6th, 2021|Legal FAQs|

Lots of recent national news about the CDC eviction moratorium. A judge recently struck down the CDC order, then that order was immediately appealed so that order is currently stayed. That news provides even more reason for you to not try simple evictions right now and instead recommend the landlord hire a law firm to [...]

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Flood Insurance Risk Rating 2.0

By |2021-05-06T10:22:06-05:00May 6th, 2021|Legal FAQs|

In May 2021; nationally known flood insurance consultant Lisa Sharrard recommends that all property owners consider buying some amount of flood insurance to be in effect before Flood Insurance 2.0 goes into effect October 1, 2021 in order to be in a position to decide which pricing system works best for them going forward (e.g., [...]

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NAR on Independent Contractor Status

By |2021-05-06T08:39:42-05:00May 6th, 2021|Legal FAQs|

https://www.nar.realtor/independent-contractor-status Posted by: Byron King on 5/06/21 (This information is only accurate as of 5/06/21. You must contact SCR for updates and changes to this information after 5/06/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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NAR Risk Management Wire Fraud

By |2021-05-05T14:23:38-05:00May 5th, 2021|Legal FAQs|

Recommend that everyone including vendors obtains a solid amount of CYBER LIABILITY INSURANCE (e.g., BIC, brokerage, associated licensees, independent contractors, closing attorneys). Educate everyone including clients/customers/vendors to be on guard against wire fraud and phishing. Have everyone sign the SCR610 Wire Fraud Form. https://www.screaltors.org/wp-content/uploads/Forms/610.pdf Educate everyone including clients/customers/vendors to be especially on high alert to [...]

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