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Ransomware! Beware!

By |2023-08-17T10:52:38-05:00August 17th, 2023|Legal FAQs|

Defending Brokerages Against Ransomware Attacks In today's digital age, the real estate industry relies heavily on technology to conduct business operations. Brokerages often handle sensitive financial data and transactions, making them ideal targets for cybercriminals. Ransomware is a form of cyber attack that can paralyze operations, compromise data, and result in significant financial losses. Ransomware [...]

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NC Case – Written Contract Recommending Talk to Lawyer and Indemnify Broker Helps Broker Defendant

By |2023-08-16T15:46:39-05:00August 16th, 2023|Legal FAQs|

https://law.justia.com/cases/north-carolina/court-of-appeals/2023/22-956.html Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This [...]

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NAR: 14 States Require Written Buyer Agency Agreements

By |2023-08-16T15:43:53-05:00August 16th, 2023|Legal FAQs|

1. South Carolina 2. New Hampshire 3. Vermont 4. Virginia 5. Maryland 6. Hawaii 7. Iowa 8. Idaho 9. Minnesota 10. Missouri 11. North Carolina 12. Nebraska 13. Alaska 14. Arizona Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this [...]

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Housing Supply? Commercial Real Estate Conversion to Housing?

By |2023-08-16T15:42:35-05:00August 16th, 2023|Legal FAQs|

https://action.wra.org/2023/04/24/removing-barriers-to-create-more-housing/ Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This [...]

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Property Management – NAR Case – Burst Pipe

By |2023-08-16T15:40:34-05:00August 16th, 2023|Legal FAQs|

https://www.nar.realtor/legal-case-summaries/tenant-granted-judgment-over-landlord-in-burst-pipe-case Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This [...]

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Federal Office Protecting Land Deals Near USA Military Bases

By |2023-08-16T15:37:52-05:00August 16th, 2023|Legal FAQs|

https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius Posted by: Byron King on 08/16/23 (This information is only accurate as of 08/16/23. You must contact SCR for updates and changes to this information after 08/16/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This [...]

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LLC Income Property Seller, Why Closing Attorney Asks Majority of Business Assets?

By |2023-08-15T15:05:13-05:00August 15th, 2023|Legal FAQs|

SECTION 12-54-124. Transfer of business assets; tax liens; suspension of business license; certificate of compliance. In the case of the transfer of a majority of the assets of a business, other than cash, whether through sale, gift, devise, inheritance, liquidation, distribution, merger, consolidation, corporate reorganization, lease or otherwise, any tax generated by the business which [...]

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Top Ten Hotlines July 2023 +1

By |2023-08-14T14:40:59-05:00August 14th, 2023|Legal FAQs|

11. Earnest money 10. TIE = Compensation, Property Management, Disclosure 9. MLS 8. Agency 7. Advertising 6. Ethics/Arbitration/Mediation aka Professional Standards aka Professionalism 5. License law 4. Due diligence 3. Other (e.g., scams, safety, professionalism, death, closing issues, breach) 2. Forms 1. State law Posted by: Byron King on 08/14/23 (This information is only accurate [...]

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Why Condo Closing Attorneys Want a Certificate of Assessment, Estoppel Document, Etc. with Fees Owed to Owners Association

By |2023-08-14T12:34:38-05:00August 14th, 2023|Legal FAQs|

SECTION 27-31-190. Expenses shall be shared. The co-owners of the apartments are bound to contribute pro rata in the percentages computed according to Section 27-31-60 toward the expenses of administration and of maintenance and repair of the general common elements and, in the proper case, of the limited common elements of the property and toward [...]

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Crytocurrency and SCR Standard Form (SCR310 Contract)

By |2023-08-14T09:00:22-05:00August 14th, 2023|Legal FAQs|

SCR310 requires payment of United States of America Dollars as Good Funds. So, buyers who want to use cryptocurrency can convert their cryptocurrency into U.S. Dollars pre-offer (best to handle any anticipated and unanticipated delays in converting cryptocurrency to U.S. Dollars as well as any cryptocurrency depreciation) or during the due diligence period. Sellers who [...]

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