A few questions came in as the 11/15/18 SCR314/SCR312 webinar was wrapping up so here are the answers: Does SCR314 apply to commercial deals? Yes. Commercial brokers send SCR314 offer rejection for to buyers when the seller rejects the commercial buyer's offer without a counter offer or acceptance of offer. What is the counter offer [...]
NAR reports a win against patent trolls after a decade of legal fighting. Patent trolls are generally defined as a person/organization that asserts a patent on a common generic procedure or idea then uses threats of patent litigation as leverage to extract monetary settlements from businesses who use the common/generic procedure or idea. Brokerages sometimes [...]
https://magazine.realtor/daily-news/2018/11/06/ex-agent-reflects-on-mistakes-that-sent-her-to-prison?tp=i-H43-Bb-38c-5fPYb-1p-A5BZ-1c-5fapG-u1BrU&om_rid=83751373&Om_ntype=RMOdaily&om_mid=12066 Real estate licensee relays that her courage to do the right thing failed her at a critical moment and she rationalized that others were doing similar things. Posted by : Byron King on 11/07/18 (This information is only accurate as of 11/07/18. You must contact SCR for updates and changes to this information after [...]
Some things to consider when self-dealing. Self-dealing can occur when a licensee or the licensee's LLC or the licensee's partnership or the licensee's spouse enters into a transaction with the licensee's brokerage's client (e.g. listed seller client, buyer client in a buyer agency agreement). Self-dealing is a very high-risk strategy for REALTORS®. Avoid if possible. [...]
Drone imagery of roofs, common areas, sheds, etc. are common uses but drones can breach privacy such as imaging interiors of residences through windows. Copyright of video, movies, music, photos, etc. are commonly used but illegally using someone else's intellectual property can create a lawsuit (e.g. playing music at parties, showing movies outdoors, using stock [...]
Get your 2.5 hours of ethics training completed no later than December 31, 2018. If classes qualify...several providers offer. You can do CE ethics classes. Several providers offer. You can do online ethics classes. NAR offers see below. You can do free online ethics classes. NAR offers see below. See this link: https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/code-of-ethics-training Posted by [...]
As you all know, Hurricane Florence is expected to make landfall in the coming days and directly impact the great state of South Carolina during the same time SCR's Annual Conference, Own the Future was scheduled in Myrtle Beach. Unfortunately, the conference is officially canceled and will not be rescheduled due to expected impacts around [...]
Current best practices for listed residence: Recommend sellers obtain legal counsel before using microphones because of potential wiretapping/eavesdropping laws/issues. Considering mentioning in all advertising/communications and even a small posted sign at the listing: "Property subject to surveillance at any time. By entering the Property you consent to surveillance (e.g cameras, microphones, eyes, ears)." That is [...]
***When using LLR seller disclosure forms, Sellers failing to accurately disclose all the owners association charges to the buyer will expose the sellers to a buyer lawsuit suing the sellers for the buyer's damages (aka the undisclosed owners association charges/fees/assessments/arrearages/etc.) AND THE BUYER'S ATTORNEY FEES (which could dwarf the charges).*** http://www.llr.state.sc.us/POL/REC/RECPDF/Residential%20Property%20Condition%20Disclosure%20Statement%20Addendum.pdf Here is the language [...]
REALTOR® Fair Housing Declaration I agree to: · Provide equal professional service without regard to the race, color, religion, gender (sex), disability (handicap), familial status, national origin, sexual orientation or gender identity of any prospective client, customer, or of the residents of any community. · Keep informed about fair housing law and practices, improving my [...]