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December 18, 2019 NAR Webinar on New Ethics Training Requirement

By |2019-12-17T14:29:57-05:00December 17th, 2019|Legal FAQs|

Your ethics requirement goes to 3 year cycles instead of 2 year cycles. Your deadline for 2.5 hours of ethics training is now December 31, 2021 and then every three years afterward. https://realtors.webex.com/mw3300/mywebex/default.do?nomenu=true&siteurl=realtors&service=6&rnd=0.013140148181062017&main_url=https%3A%2F%2Frealtors.webex.com%2Fec3300%2Feventcenter%2Fevent%2FeventAction.do%3FtheAction%3Ddetail%26%26%26EMK%3D4832534b0000000428573031986815a463060a27f957c1847f874a7a7edb1e54bda522b4a48f38da%26siteurl%3Drealtors%26confViewID%3D147743966972881567%26encryptTicket%3DSDJTSwAAAASl5dsZgkt4AfvojuA2w0uv0Azk9ACkSdVSrG433vdQig2%26 Posted by: Byron King on 12/17/19 (This information is only accurate as of 12/17/19. You must contact SCR for updates and changes [...]

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Reports on VA Appraisals in Rural Upstate (distance/radon)

By |2019-12-16T16:01:54-05:00December 16th, 2019|Legal FAQs|

NAR provided SCR a VA point of contact on radon and comparable sales issues with VA deals and VA appraisals and VA appraisers. The VA Chief of Construction and Valuation is interested in hearing reports about lenders stating VA has a requirement for geographic proximity of comparable sales so he can correct this "rumor" in [...]

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New Seller Disclosure Form for now and definitely 2020! RPCDS SCR230

By |2019-12-12T15:06:34-05:00December 12th, 2019|Legal FAQs|

Check out the latest "flood" FEMA claim issue # 25 question added to LLR's SCR230... https://llr.sc.gov/re/recpdf/Property%20Condition%20Disclosure%20Statement.pdf https://www.screaltors.org/wp-content/uploads/Forms/230.pdf Also in addition to this new question # 25 on FEMA claims, check out the existing water/flood questions on the Residential Property Condition Disclosure Statement (RPCDS)... # 20 + # 22 + # 23 + #24 Regarding water [...]

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2020 Code of Ethics

By |2019-12-11T16:12:11-05:00December 11th, 2019|Legal FAQs|

https://www.nar.realtor/sites/default/files/documents/2020-Code-of-Ethics-and-Standards-of-Practice.pdf Posted by: Byron King on 12/11/19 (This information is only accurate as of 12/11/19. You must contact SCR for updates and changes to this information after 12/11/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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License Law Form SCR110 and Explanation in all Your Emails and Texts and Letters

By |2019-12-10T12:58:28-05:00December 10th, 2019|Legal FAQs|

While it cannot hurt to include an image or link to the SC Disclosure of Real Estate Brokerage Relationships form in all emails and texts (better than nothing), the law requires having a "meaningful explanation" of the form and the brokerage services with any potential consumer upon first substantive contact. SCR110 is the form. Place [...]

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Standard Forms! Hurray!

By |2019-12-05T15:19:50-05:00December 5th, 2019|Legal FAQs|

Generally in the practice of residential real estate, the REALTORS® act as scriveners for the parties and fill in the pre-printed blanks on current SC forms. The advantage of using current SCR standard forms is that REALTORS® are usually trained and familiar with the pre-printed language in the current SCR forms. Therefore, the REALTORS® can [...]

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NAR Provides Cost Free Fair Housing Video to Members

By |2019-12-04T16:55:08-05:00December 4th, 2019|Legal FAQs|

Fair Housing Video Now Free Providing equal service to all is the basic tenet of federal fair housing law and part of NAR's Code of Ethics. Following the troubling results of a newspaper’s fair housing investigation, NAR is making its latest fair housing training video available as a free download to all associations and members. [...]

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Risk Management: Don’t Talk Casually About Real Estate. Discuss the SC Disclosure of Real Estate Brokerage Relationships Form SCR110

By |2019-12-04T16:31:19-05:00December 4th, 2019|Legal FAQs|

The safe hotline answer: If you talk/write communicate with anyone and the subject of real estate is in that communication, consider that "substantive contact" requiring that you "Mirandize" the consumer with a thorough explanation of your brokerage's services and the SC Disclosure of Real Estate Brokerage Relationships form. This could occur at a Christmas party. [...]

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Ethics Case 10-2 (Fair Housing Ethics)

By |2019-12-03T10:30:52-05:00December 3rd, 2019|Legal FAQs|

Fair Housing: Must Read Undercover Investigation of Violations https://projects.newsday.com/long-island/real-estate-agents-investigation/ NAR Ethics Article 10: "Fair Housing" REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. REALTORS® shall not be parties to any plan or agreement to discriminate against [...]

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Must Read FAIR HOUSING Alert!

By |2019-12-02T10:00:01-05:00December 2nd, 2019|Legal FAQs|

https://projects.newsday.com/long-island/real-estate-agents-investigation/ Posted by: Byron King on 12/02/19 (This information is only accurate as of 12/02/19. You must contact SCR for updates and changes to this information after 12/02/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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