Legal FAQs

Home/Legal FAQs

LLR Posts Seller Disclosure With New Questions

By |2019-11-15T10:07:46-05:00November 15th, 2019|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 [...]

Comments Off on LLR Posts Seller Disclosure With New Questions

Ethics Case 1-5

By |2019-11-14T10:53:15-05:00November 14th, 2019|Legal FAQs|

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 [...]

Comments Off on Ethics Case 1-5

SC Wiretapping Laws

By |2019-11-14T10:38:07-05:00November 14th, 2019|Legal FAQs|

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)

Comments Off on SC Wiretapping Laws

NAR financial webinars

By |2019-11-14T10:16:35-05:00November 14th, 2019|Legal FAQs|

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)

Comments Off on NAR financial webinars

Trick or Treat! Surveillance in Listings! Photography Rights!

By |2019-10-31T10:40:13-05:00October 31st, 2019|Legal FAQs|

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 [...]

Comments Off on Trick or Treat! Surveillance in Listings! Photography Rights!

Current SCR Forms Class Schedule

By |2019-10-31T10:27:00-05:00October 31st, 2019|Legal FAQs|

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 [...]

Comments Off on Current SCR Forms Class Schedule

October 2019 LLR SC Real Estate Commission Newsletter

By |2019-10-23T10:25:06-05:00October 23rd, 2019|Legal FAQs|

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 [...]

Comments Off on October 2019 LLR SC Real Estate Commission Newsletter

FREE NAR online self paced course: Commitment to Excellence

By |2019-10-23T09:31:20-05:00October 23rd, 2019|Legal FAQs|

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 [...]

Comments Off on FREE NAR online self paced course: Commitment to Excellence

SC Government: HOA Information

By |2019-10-22T14:28:59-05:00October 22nd, 2019|Legal FAQs|

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 [...]

Comments Off on SC Government: HOA Information

NAR Overtime Rules if you Have Employees

By |2019-10-21T08:30:26-05:00October 21st, 2019|Legal FAQs|

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 [...]

Comments Off on NAR Overtime Rules if you Have Employees