Legal FAQs

https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/code-comprehension-article-16-commissions-are-negotiable SCR120 is the compensation agreement that can be used between the listing brokerage and the cooperating brokerage. https://www.screaltors.org/wp-content/uploads/Forms/120.pdf Posted by: Byron King on 1/13/21 (This information is only accurate as of 1/13/21. You must contact SCR for updates and changes to this information after 1/13/21 as laws and regulations may change over time. SCR [...]

Lack of professionalism is the #1 REALTOR® complaint nationwide. C2EX: is a good start. Please encourage all your REALTOR® friends and colleagues to get their Commitment to Excellence Designation online for free: https://www.nar.realtor/commitment-to-excellence-c2ex How to increase professionalism is the one million dollar question that no one in the USA has 100% solved since NAR was [...]

http://schousing.com/home/sc-stay Posted by: Byron King on 1/13/21 (This information is only accurate as of 1/13/21. You must contact SCR for updates and changes to this information after 1/13/21 as laws and regulations may change over time. SCR 803-772-5206 or email info or byron at screaltors.org)

Trainings Scheduled for Ethics Changes NAR will be hosting monthly trainings to provide guidance on the changes to the Code of Ethics that were approved by the NAR Board of Directors on November 13, 2020, and to provide an opportunity to ask questions of our policy experts. We hope you'll join us, and invite others [...]

NAR compiled what other states/associations are thinking regarding COVID issues. SCR decided against creating COVID standard forms addenda due to potential unintended/intended consequences for allowing a party to create a COVID claimed unilateral unlimited delay in the transaction which is in many other states/associations COVID forms. In SC, the parties can negotiate extensions to their [...]

Owners Association Rules...Hot topic that buyers should evaluate. SCR recommends possibly always attaching SCR391 to the SCR310. SCR391 makes sellers and by extension - their legal counsel responsible for providing the hoa docs within a time frame, see first checkbox paragraph on SCR391. SCR310 residential contract, the buyer acknowledges having the opportunity to obtain legal [...]

NAR Window to the Law: https://www.youtube.com/watch?v=kS1JpYI_tBo Posted by: Byron King on 1/8/21 (This information is only accurate as of 1/8/21. You must contact SCR for updates and changes to this information after 1/8/21 as laws and regulations may change over time. SCR 803-772-5206 or email info or byron at screaltors.org)

Real Estate Licensees/Brokerages ALWAYS do these things when performing BPO and CMA. Always use the term PRICE. Never use the term VALUE. LLR Appraisal Board makes a large differentiation between these two similar words. According to LLR Appraisers Board: Appraisers use VALUE. Real estate licensees/brokerages use PRICE. One way to remember this is that BPO [...]

https://www.novoco.com/notes-from-novogradac/congress-approves-25-billion-rental-assistance-who-can-use-it-and-how Posted by: Byron King on 1/5/21 (This information is only accurate as of 1/5/21. You must contact SCR for updates and changes to this information after 1/5/21 as laws and regulations may change over time. SCR 803-772-5206 or email info or byron at screaltors.org)

If you recently got the below alert email from the feds about your website, or you have never registered with the feds for your website.... Please read on! This registration with the feds gives your website a safe harbor. Registration is relatively easy and relatively inexpensive. Once you register a DMCA agent for your website [...]