Legal FAQs

https://llr.sc.gov/re/recpdf/Property%20Condition%20Disclosure%20Statement.pdf New questions on FEMA "flooding/emergency" claims and historic designations/districts "restrictions" on the property. Designation as a historic building, landmark, site or location within a local historic or other restrictive district, which may limit changes, improvements or demolition of the property Federal Emergency Management Agency (FEMA) claims filed on the property Posted by: Byron King [...]

Case #1-5: Promotion of Client’s Interests Client A gave an exclusive listing on a house to REALTOR® B, stating that he thought $132,500 would be a fair price for the property. REALTOR® B agreed and the house was listed at that price in a 90-day listing contract. REALTOR® B advertised the house without response, showing [...]

https://www.scstatehouse.gov/code/t17c030.php Posted by: Byron King on 11/14/19 (This information is only accurate as of 11/14/19. You must contact SCR for updates and changes to this information after 11/14/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

https://www.nar.realtor/center-for-realtor-financial-wellness/webinars Posted by: Byron King on 11/14/19 (This information is only accurate as of 11/14/19. You must contact SCR for updates and changes to this information after 11/14/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

SCR has heard some startling reports of residential surveillance issues. Educate your buyers to behave in listings and avoid verbal communication in the listing. Use a notepad or texting while in the listing. Educate your sellers to get legal counsel about using microphones and avoid using cameras in areas where visitors have an expectation of [...]

Current plan for SCR forms classes....contact local board for times. Some CE instructors will also be teaching/traveling the state to present SCR forms updates. Western Upstate 11/12/2019 Piedmont 11/14/2019 Coastal Carolinas 11/15/2019 Sumter Board 11/26/2019 Greater Pee Dee 12/4/2019 Spartanburg 12/5/2019 Beaufort 12/10/2019 Greenwood 12/12/2019 Hilton Head Area 12/13/2019 Charleston Trident 12/16/2019 Central Carolina 12/18/2019 [...]

https://llr.sc.gov/re/RECPDF/RealEstateNewsletter_October2019.pdf Information on earnest money disbursement. Risk management tip from SCR: use a trusted SC law firm as escrow agent and always get the lawyer to draft an escrow agreement upfront which states how the money is disbursed in a closing and failed closing. Warning: LLR has prosecuted BICs for disbursing without a release/disbursement agreement/order [...]

https://www.nar.realtor/commitment-to-excellence And you get a suitable for framing downloadable certificate upon completing your Commitment to Excellence C2EX coursework. Posted by: Byron King on 10/23/19 (This information is only accurate as of 10/23/19. You must contact SCR for updates and changes to this information after 10/23/19 as laws and regulations may change over time. SCR 803-772-5206 [...]

November 6, 2019 SC Department of Consumer Affairs presents an HOA webinar at 2 pm. Read HOA information and register for this webinar at this website: https://consumer.sc.gov/HOA-Ed Homeowners Association Education Released; Webinar November 6th COLUMBIA, S.C. – South Carolina consumers who live in neighborhoods under homeowners associations (HOA) or those who serve on association boards [...]

Posted by NAR: U.S. Department of Labor (“DOL”) published its Final Overtime Rules (“Final Rules), amending the Fair Labor Standards Acts overtime provisions, which will take effect January 1, 2020. Below is a list of items you’ll want to keep in mind regarding the Final Rules: 1) Minimum Salary Level - The new minimum salary [...]