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NAR: 50 State Water/Flood Disclosure Summary

By |2019-10-08T08:43:17-05:00October 8th, 2019|Legal FAQs|

https://www.nar.realtor/national-flood-insurance-program/state-flood-hazard-disclosures-survey Posted by: Byron King on 10/08/19 (This information is only accurate as of 10/08/19. You must contact SCR for updates and changes to this information after 10/08/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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NAR on Flood Disclosure

By |2019-10-08T08:21:30-05:00October 8th, 2019|Legal FAQs|

https://www.nar.realtor/window-to-the-law/flood-insurance-and-disclosures Posted by: Byron King on 10/08/19 (This information is only accurate as of 10/08/19. You must contact SCR for updates and changes to this information after 10/08/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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FAQs on Proposal MLS Cooperation

By |2019-10-07T12:57:28-05:00October 7th, 2019|Legal FAQs|

https://higherlogicdownload.s3-external-1.amazonaws.com/THEHUB/MLS%20Coop%20Proposal%2092019.pdf?AWSAccessKeyId=AKIAVRDO7IERBJP4KSQZ&Expires=1570474533&Signature=jpNLVr6w8J3CvFBiTioZm1Z8eek%3D Posted by: Byron King on 10/07/19 (This information is only accurate as of 10/07/19. You must contact SCR for updates and changes to this information after 10/07/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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NAR General Counsel Article in REALTOR Magazine On Moehrl Lawsuit

By |2019-10-07T12:55:51-05:00October 7th, 2019|Legal FAQs|

https://magazine.realtor/news-and-commentary/commentary/article/2019/09/lawsuit-against-nar-is-baseless?AdobeAnalytics=ed_rid%3D56072%26om_mid%3D1475%7CRealtorMagNews_2019_10_07%26om_nytpe%3DREALTOR%20MAG%20NEWS Posted by: Byron King on 10/07/19 (This information is only accurate as of 10/07/19. You must contact SCR for updates and changes to this information after 10/07/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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Pools, Ponds, Lakes, Spas, Dams, Tubs & Kids, Tenants, Residents, Guests/Animals (invited and uninvited)

By |2019-10-04T09:08:07-05:00October 4th, 2019|Legal FAQs|

We have all read the tragic stories of deaths and injuries involving people and animals and water (e.g. drownings, flooding, toxic algae/bacteria, snake/alligator attacks, waterborne diseases, mosquito bites/illnesses, smells, unsightly pond scum). There are many high tech risk management tools now such as alarms in/around the water and on doors/windows/gates that access the water. Remember [...]

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Risk Management: Seller Disclosure Form = liability shield

By |2019-10-02T13:23:47-05:00October 2nd, 2019|Legal FAQs|

Are you being sued? Obtain legal counsel. Apply for SCR legal action support. SC code (license law) 40-57-350: (G)(1) A licensee shall treat all parties honestly and may not knowingly give them false or misleading information about the condition of the property which is known to the licensee. A licensee is not obligated to discover [...]

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Legal Hotline 803-772-5206 DO NOT CALL THE DISCONTINUED 800 NUMBER

By |2019-10-02T11:01:42-05:00October 2nd, 2019|Legal FAQs|

SCR legal hotline 803-772-5206. Please remove the discontinued 800 number from your contacts. New SCR fax number 803-620-4730. Emails to SCR lawyers: Legal at SCREALTORS.org (general mailbox) Info at SCREALTORS.org (general mailbox) Byron at SCREALTORS.org (attorney) Austin at SCREALTORS.org (attorney) Nick at SCREATORS.org (CEO and attorney) Posted by: Byron King on 10/02/19 (This information is [...]

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Earnest money risk management – get lawyers to hold under escrow agreement detailing disbursement in a failed closing

By |2019-10-02T10:56:28-05:00October 2nd, 2019|Legal FAQs|

Brokers who use lawyers as escrow agents to hold earnest money is a good risk management strategy. Know and trust the law firm so they will around to protect the earnest money. SCR recommends at contract formation, the law firm drafts an escrow agreement stating how the earnest money is held and how the earnest [...]

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Broker Summit October 1, 2019 SC Museum Legal Update: PROFESSIONALISM

By |2019-10-02T10:44:58-05:00October 2nd, 2019|Legal FAQs|

Top issues for the legal update at the SCR Broker Summit. Professionalism - broker involvement - broker leadership "text BIP to 30644" Forms - January 2020 residential sales/agency - November drafts Phones - do not call laws - expired/withdrawn listings Facebook - off MLS marketing - listing agreement - seller's best interests - NAR/MLS Brokers' [...]

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Asbestos Environmental Contamination?

By |2019-09-25T12:46:12-05:00September 25th, 2019|Legal FAQs|

In older structures, sometimes asbestos is used as attic insulation, pipe insulation, siding, adhesives under kitchen flooring, popcorn blow ceilings, etc. Preventing the asbestos from becoming airborne is a risk management strategy. Properly removing the asbestos is a risk management strategy. Encapsulating the asbestos is a risk management strategy. Properly warning/educating/disclosing asbestos is a risk [...]

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