NAR compiled what other states/associations are thinking regarding COVID issues.
SCR decided against creating COVID standard forms addenda due to potential unintended/intended consequences for allowing a party to create a COVID claimed unilateral unlimited delay in the transaction which is in many other states/associations COVID forms. In SC, the parties can negotiate extensions to their transactions or abide their agreement.
Most lawyers do not believe that a liability limitation standard form would give much defense to COVID related lawsuits. Instead, best practices and insurance are better risk management strategies regarding COVID related lawsuits.
https://cdn.nar.realtor/sites/default/files/documents/06-10-20-RMIC-Forms.pdf
Posted by: Byron King on 1/12/21 (This information is only accurate as of 1/12/21. You must contact SCR for updates and changes to this information after 1/12/21 as laws and regulations may change over time. SCR 803-772-5206 or email info or byron at screaltors.org)