Members asking what they do between now and July 2024

1. Serve your clients and customers professionally. Keep reading SCR legal updates.

2. Start training your associated licensees and yourselves how to:

Explain your value.

Explain compensation

Get the buyer to sign a buyer agency agreement asap

Understand how the SCR120 compensation agreement can be negotiated with the listing brokerage and or the seller paying the buyer side brokerage.

Understand the SCR310 contract’s section on seller paid "buyer’s transaction costs" including buyer side contractual compensation (agency or transaction brokerage).

Obtain the free ABR designation training from NAR, a $295 retail value.

SCR legal can do Zoom and live classes for associations and brokerage in addition to SCR videos/podcasts/webinars/writings (and NAR videos/writings).

The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.

Posted by: Byron King on 03/18/24 (This information is only accurate as of 03/18/24. You must contact SCR for updates and changes to this information after 03/18/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at or email byron at

This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.

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