Legal FAQs

/Legal FAQs

From Byron King: Statutory Definition Meter Conservation Charge

By |2019-01-15T10:20:30-05:00January 15th, 2019|Legal FAQs|

The LLR seller disclosure asks about a meter conservation charge. Basically, this is a way the utility charges or "finances" energy measures such as a new energy efficient hot water heater or other appliance for example. You have often seen these offers in your utility bills. SC Code: https://www.scstatehouse.gov/code/t58c037.php SECTION 58-37-50. Agreements for energy efficiency [...]

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From Byron King: Handling Clients Exhibiting Mental Confusion, Memory Lapses (More than Normal)

By |2019-01-11T10:19:29-05:00January 11th, 2019|Legal FAQs|

When you are dealing with clients who exhibit signs of mental health issues or dementia or confusion, there are a number of steps you can take to help. Talk to the client. Ask the client for permission to reach out to emergency contacts that the client has provided you (e.g. friends, family, relatives, lawyers, social [...]

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By Byron King: NAR Risk Management Committee Top 3: Teams, Coming Soon, Cybersecurity

By |2019-01-10T10:00:22-05:00January 10th, 2019|Legal FAQs|

Wondering what your top three 2019 risk management worries should be? NAR risk management committee identifies three: Team issues Coming soon Cybersecurity https://www.nar.realtor/natmeet.nsf/vwAttachmentsByKey/20461AC02FFF293786258354007C7B87/$File/AN18%20Minutes.Final.pdf Team issues: Remember the BIC supervises and compensates so have all that in writing. Know who your BIC is. Know in writing what your compensation is and how issues change if you [...]

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New HOA laws

By |2019-01-09T09:48:11-05:00January 9th, 2019|Legal FAQs|

https://www.scstatehouse.gov/sess122_2017-2018/bills/3886.htm Be it enacted by the General Assembly of the State of South Carolina: Homeowners Associations, Consumer Affairs services SECTION 1. Title 27 of the 1976 Code is amended by adding: "CHAPTER 30 Homeowners Associations Article 1 South Carolina Homeowners Association Act Section 27-30-110. This article may be cited as the 'South Carolina Homeowners Association [...]

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2019 NAR Code of Ethics

By |2019-01-04T16:17:15-05:00January 4th, 2019|Legal FAQs|

This links to the 2019 NAR Code of Ethics: https://www.nar.realtor/sites/default/files/documents/2019-COE.pdf Posted by: Byron King on 01/04/19 (This information is only accurate as of 01/04/19. You must contact SCR for updates and changes to this information after 01/04/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

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Update Your SCR Forms Library

By |2019-01-04T11:05:37-05:00January 4th, 2019|Legal FAQs|

SCR forms updated with the 2019 forms library in zipForms. Update your packets and forms. The zipForms library is updated online so if you use your member benefit of zipForms then you are already updated! LLR's new seller disclosure (aka RPCDS, aka SCR230) is a mandatory change as of 1/1/2019. Ensure you are using an [...]

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Solar Panels: See the Light!

By |2019-01-03T15:42:04-05:00January 3rd, 2019|Legal FAQs|

You have seen the houses with solar panels. The solar panels can help generate electricity and hot water to help the owner and the environment. Listing brokers: ensure you ask the seller about the solar panels. Do you own the solar panels? Any problems with the solar panel systems? Do you lease or finance the [...]

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Business Licenses (For BICs Only) Renew New Year (Only for business in that town)

By |2019-01-02T10:23:16-05:00January 2nd, 2019|Legal FAQs|

SECTION 6-1-315. Limitation on imposition or increase of business license and real estate professional and auctioneer fees. (A) By ordinance adopted by a positive majority vote, a local governing body may impose a business license tax or increase the rate of a business license tax, authorized by Sections 4-9-30(12) and 5-7-30. (B)(1) Notwithstanding any other [...]

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From Byron King: SCR390 Good for Adding Names and Signatures to Any SCR Form

By |2018-12-20T10:28:38-05:00December 20th, 2018|Legal FAQs|

Occasionally, you need extra space on a listing agreement or contract when there are quite a few sellers and or buyers. SCR390 is the Swiss Army knife of the SCR forms library. Almost anytime you need extra space for lawyer drafted language that is not in the form or SCR391 additional clauses addendum, SCR390 is [...]

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Lead Generation Vendors and Agreements

By |2018-12-18T13:02:53-05:00December 18th, 2018|Legal FAQs|

Lead Vendor Problems SCR has received complaints from members about the quality of leads and their lead generation vendors and their lead vendor agreements. Some suggestions from SCR and NAR to help avoid problems with vendors: 1. Do your due diligence on vendors. Research the company. Ask for references. Check out the references. Check with [...]

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