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NAR: Your Contract Fails to Close, What Now? Settlement? Move on? Litigation?

By |2023-03-15T15:51:47-05:00March 15th, 2023|Legal FAQs|

https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/avoid-legal-snafus-around-canceled-contracts?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=8580A497-475F-4EC7-AB51-A5672128DE36 https://www.nar.realtor/videos/window-to-the-law/navigating-a-contract-termination Generally, no one likes when the hotline recommends that everyone hires their trial lawyers asap. So, SCR provides several ways to help avoid litigation (e.g., due diligence, contingencies, mediation, call the hotline before legal issues happen or deadlines are missed, training, education, forms, addenda, checkboxes, due diligence termination fee). Perhaps, use technology to [...]

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NAR on Safety. FOREWARN Augments Your Safety Programs

By |2023-03-15T09:31:20-05:00March 15th, 2023|Legal FAQs|

https://www.nar.realtor/safety Posted by: Byron King on 03/15/23 (This information is only accurate as of 03/15/23. You must contact SCR for updates and changes to this information after 03/15/23 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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FOREWARN Thoughts…

By |2023-03-14T13:07:55-05:00March 14th, 2023|Legal FAQs|

The SCR attorneys have been discussing the benefits and risks of using FOREWARN. Everything has benefits and risks. First, the benefits. FOREWARN rapidly searches many public databases for public information on potential real estate consumers. FOREWARN information used in compliance with laws and rules can be an important part of your overall safety plan. https://www.nar.realtor/safety [...]

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Hotline Top Ten February 2023

By |2023-03-14T09:32:05-05:00March 14th, 2023|Legal FAQs|

10. Scams (e.g., vacant land sale, wire fraud, rental scam with listings)...FOREWARN can help you to detect fake sellers, fake lawyers/paralegals, fake landlords and fake property managers. Google alerts for your name/brokerage/team and listing addresses can help detect fake landlords and property managers in the listing scrape rental scam and other issues. Contact the lawyers [...]

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Vacant Land Scams, Some Ways to Deter

By |2023-03-13T09:38:32-05:00March 13th, 2023|Legal FAQs|

https://landresellers.com/blog/how-to-avoid-land-selling-scams SCR offers FOREWARN for alternate contact for the deeded owner (e.g., phone, email, mail). The article mentions looking for the typical red flags (e.g., desire for quick discounted cash close) "too good to be true" aspect of scams and asking the potential scammer questions about the physical aspects of the land since many organized [...]

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Risk Management – FOREWARN Compliance

By |2023-03-10T09:35:47-05:00March 10th, 2023|Legal FAQs|

IMPORTANT – COMPLIANCE: As a professionally licensed agent, you can use FOREWARN to verify the identity and potential risks associated with your business prospects. Please note that you must limit your FOREWARN searches to professional use only. FOREWARN is only to be used for verifying inbound prospects that have initiated the interaction, such as when [...]

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Instant Reaction: Jobs, March 10, 2023

By |2023-03-10T09:28:14-05:00March 10th, 2023|NAR|

Instant Reaction: Jobs, March 10, 2023 With inflation tilting towards deceleration, though still rising but at a slower rate, the mortgage rate can also tilt downward in the upcoming weeks. By:  Lawrence Yun Powered by WPeMatico

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