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REALTORS(R) Fight Homelessness

By |2020-02-21T10:17:59-05:00February 21st, 2020|Legal FAQs|

The 2020 SCR Housing Opportunity Committee (HOC) is seeking ideas on ways that SCR can help address homelessness in SC. SCR HOC member Peggy Hill mentioned that WUAR will host Rebuild Anderson on May 12th at the WUAR offices. This organization fundraises to repair low-income homes which helps the low-income homeowner remain in their home [...]

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Spanish Forms, Chinese, Korean, German, French, Other Languages

By |2020-02-21T09:36:56-05:00February 21st, 2020|Legal FAQs|

For quality assurance reasons and because lawyers can argue what the English words in the SCR forms mean so a translation would allow lawyers to argue even more in court, the SCR standard forms committee does not produce non-English language forms as a risk management strategy. SCR surveyed other states in the USA and no [...]

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Radon Webinars

By |2020-02-20T16:27:01-05:00February 20th, 2020|Legal FAQs|

We are excited to announce the addition of two free webinars taking place in March 2020. Registration link can be found in the attached announcement or by clicking this link: https://docs.google.com/forms/d/e/1FAIpQLScBWSbnoFS4edNP495ftMVgrJpuXL4MpjQvdc9UcY3cWw_ePw/viewform March 19, 2020 at 11:00 - 11:30 a.m. Eastern Standard Time Inspecting Radon Mitigation Systems Presenter: Bruce Snead, Director of Engineering Extension at Kansas [...]

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FAIR HOUSING: NAR FAIR HOUSING NEWS, ETHICS ARTICLE 10 TOUGHER WORDS

By |2020-02-20T14:29:53-05:00February 20th, 2020|Legal FAQs|

https://magazine.realtor/law-and-ethics/ethics/article/2020/01/the-code-toughens-its-words https://magazine.realtor/news-and-commentary/feature/article/2020/02/ohio-realtors-stand-up-for-lgbtq-rights Posted by: Byron King on 2/20/20 (This information is only accurate as of 2/20/20. You must contact SCR for updates and changes to this information after 2/20/20 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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Risk management – Changing standard forms – felony/lawsuit unauthorized practice of law

By |2020-02-20T14:16:32-05:00February 20th, 2020|Legal FAQs|

NAR article on Wyoming real estate licensee accused of the unauthorized practice of law (UPL) is a must-read for risk management. NAR ethics article 13 prohibits UPL. SC law makes UPL a felony crime. https://magazine.realtor/law-and-ethics/law/article/2018/10/can-you-change-that-contract [SC best practice:  don't strike pre-printed SCR forms language...don't add phrases or sentences...without calling legal counsel and/or the SCR legal hotline.  [...]

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FAIR HOUSING is Good Business (NAR Article)

By |2020-02-20T14:10:00-05:00February 20th, 2020|Legal FAQs|

This article describes that the racial homeownership gap numbers represent future homebuyers and business opportunities in real estate. Education on the value of homeownership and fair housing can help bring huge and expanding numbers of home renters into the marketplace as homebuyers and investor opportunities. https://magazine.realtor/daily-news/2020/02/06/closing-the-racial-ownership-gap-is-it-possible?AdobeAnalytics=ed_rid%3D56072%26om_mid%3D2005%7CRealtorMagNews_2020_02_20%26om_nytpe%3DREALTOR%20MAG%20NEWS Posted by: Byron King on 2/20/20 (This information is [...]

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CYBER CRIME RISK MANAGEMENT

By |2020-02-20T14:01:31-05:00February 20th, 2020|Legal FAQs|

https://www.chubb.com/us-en/cyber-risk-management/ Posted by: Byron King on 2/20/20 (This information is only accurate as of 2/20/20. You must contact SCR for updates and changes to this information after 2/20/20 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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CYBER INSURANCE VERSUS CYBER CRIME

By |2020-02-20T14:00:36-05:00February 20th, 2020|Legal FAQs|

Chubb Insurance states that ransomware attacks are up 1,234% since 2016. Ransomeware: The cyber crooks lock your computer/cyber data until you pay the overseas cyber crooks. Payment is often required in difficult to trace cryptocurrency (e.g., Bitcoin). FBI uses education as a defense since the cyber crooks are almost always operating overseas in countries that [...]

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How to Change Any SCR Form Using SCR390

By |2020-02-20T13:15:50-05:00February 20th, 2020|Legal FAQs|

Sometimes the parties want to change an SCR agreement after the agreement has been signed/delivered/ratified/agreed. Some states have a myriad of change forms. SCR standard forms committee desires to minimize the number of forms and to simplify the forms use. So, SCR390 general addendum/amendment form is the "Swiss Army Knife of SCR forms" with many [...]

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FAIR HOUSING: Case 10-4

By |2020-02-20T12:49:16-05:00February 20th, 2020|Legal FAQs|

Case #10-4: Use of “Choose Your Neighbor” Marketing Letters REALTOR® A listed a property in a new subdivision. At the instruction of his client, Seller X, REALTOR® A did not enter the listing in the MLS, did not place a “For Sale” sign on the property and did not advertise the property online. Seller X [...]

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