Photographs, Be Wary of Using Unless You Took or You Have Authorization

By |2022-09-01T09:55:13-05:00September 1st, 2022|Legal FAQs|

Photographs on the internet/MLS are easy to cut/copy and paste. But cutting/copying and pasting photos you find on the internet/MLS can get you into trouble. Photographs are intellectual property (content) generally owned by the creator who can transfer or license ownership to others. Think about copyright law and lawsuits. If you did not take the [...]

Comments Off on Photographs, Be Wary of Using Unless You Took or You Have Authorization

NAR on Condo Questionnaire Issues from the Feds

By |2022-08-31T09:01:34-05:00August 31st, 2022|Legal FAQs|

After the Surfside condo collapse, the feds created some risk management using Fannie and Freddie lending which may impact your condo deals (e.g., risk management questionnaire). Please contact SCR if you have reports of condo purchase issues related to these risk management rules (e.g., the HOA is hesitant to complete the risk management questionnaire, multistory [...]

Comments Off on NAR on Condo Questionnaire Issues from the Feds

Current SCR Forms Policy

By |2022-08-30T10:05:38-05:00August 30th, 2022|Legal FAQs|

South Carolina Association of REALTORS® (SCR) Forms Policy Permitted users of SCR’s standard forms SCR standard forms should only be used by REALTOR® members of the South Carolina Association of Realtors®. Revisions to format/pre-printed language of a standard form by user Revisions to the format or pre-printed content of any standard forms are prohibited. Permitted [...]

Comments Off on Current SCR Forms Policy

Buyers Forego Inspections at Their Own Peril!

By |2022-08-29T14:16:52-05:00August 29th, 2022|Legal FAQs|

SCR310 is an AS IS contract with a due diligence section and an inspection/reinspection section to allow a buyer the option to inspect the property and properly negotiate repairs or negotiate seller concessions or terminate. Also, SCR310 allows final inspections. https://www.screaltors.org/wp-content/uploads/Forms/310.pdf Some buyer agents recommend obtaining all inspections and the buyers decide which inspections to [...]

Comments Off on Buyers Forego Inspections at Their Own Peril!

Be Professional!

By |2022-08-25T08:50:17-05:00August 25th, 2022|Legal FAQs|

At a recent BICs meeting, the lack of professionalism in the marketplace was a common complaint. #1. Listing agents not acknowledging receipt of offers for extended periods of time (e.g., 1 week, 3 weeks) was a common complaint. Professionalism is a two way street so some listing brokerages recommended that buyer agents also increase their [...]

Comments Off on Be Professional!

NAR Cyber Crime (Wire Fraud, More) Webinar, Register!

By |2022-08-24T13:58:18-05:00August 24th, 2022|Legal FAQs|

Cybercrime losses reached all-time highs in 2021, with more than $6.9 billion in reported losses according to the FBI's Internet Crime Complaint Center. While the media reports on major attacks, no organization is immune from cyber thieves. And, according to Aon Risk Services, ransomware attacks alone are up 323% from 2019 to 2021. In other [...]

Comments Off on NAR Cyber Crime (Wire Fraud, More) Webinar, Register!

Google Translate on a Computer Can Possibly Translate Any Doc Into Any Language

By |2022-08-23T12:30:53-05:00August 23rd, 2022|Legal FAQs|

Google Translate on a Computer Can Possibly Translate Any Doc Into Any Language Have a buyer or seller or tenant or landlord who is not proficient in English? Google Translator can fill in until the consumer talks to their bi-lingual lawyer for legal advice translations. This link below or even a smartphone Google Translator App [...]

Comments Off on Google Translate on a Computer Can Possibly Translate Any Doc Into Any Language

See Solar Panels on Listing Presentation or Showing? Be on Alert!

By |2022-08-22T10:48:54-05:00August 22nd, 2022|Legal FAQs|

If you see solar panels on a property during your listing presentation or during a buyer showing, be on high alert, ask questions, get things in writing, call the hotline, and get the parties' attorneys working on the below issues asap. SCR310 requires the seller to convey a vacant property free of encumbrances or liens. [...]

Comments Off on See Solar Panels on Listing Presentation or Showing? Be on Alert!

Heirs Property

By |2022-08-22T08:22:59-05:00August 22nd, 2022|Legal FAQs|

NC link: https://ncfarmlink.ces.ncsu.edu/heirs-property/ TV segment on SC heirs property. https://peabodyawards.com/award-profile/vice-on-showtime-losing-ground/#:~:text=In%20Losing%20Ground%2C%20VICE's%20Alzo,and%20ethically%20questionable%20legal%20mechanisms. Posted by: Byron King on 08/22/22 (This information is only accurate as of 08/22/22. You must contact SCR for updates and changes to this information after 08/22/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron [...]

Comments Off on Heirs Property

Top Ten Hotlines July 2022

By |2022-08-22T07:36:43-05:00August 22nd, 2022|Legal FAQs|

10. Fair housing (ADA, service/support animals)9. How to do due diligence. (SCR lawyers can do training for your office) 8. Do not call laws. (Check your brokerage do not call list and federal do not call list before you call to solicit) 7. Register alternative first name with SCLLR SCREC (aka nickname use) 6. REALTOR® [...]

Comments Off on Top Ten Hotlines July 2022
Go to Top