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What We’re Reading: August 13-17

By | August 17th, 2018|NAR|

Steve Martin, better meetings, a new Girl Scout cookie, a solution for open offices and making schools safer for students and staff. Making meetings more effective.  We all need that! More than 8 million square feet of shopping space–what else will the new Dubai Square mall contain? Floor to ceiling windows can make schools safer, [...]

Advertising Properties with/without Listing Agreement

By | August 17th, 2018|Legal FAQs|

NAR Code of Ethics Article 12: Standard of Practice 12-4 REALTORS® shall not offer for sale/lease or advertise property without authority. SC real estate license law: (E)(1) A licensee may not advertise, market, or offer to conduct a real estate transaction involving real estate owned, in whole or in part, by another person without first [...]

Murders and Ghosts and Deaths and Crimes and Rumors/Reports and Real Estate

By | August 16th, 2018|Legal FAQs|

AKA Psychologically affected...AKA Psychological Impact...AKA Psychological Stigmas While no legal duty exists to disclose psychological stigmas, it may be in the seller's best interests to disclose "psychological stigmas" in the seller's disclosure...here's why. If the seller does not disclose in the seller disclosure, then the contract may proceed for weeks/months toward closing but the day [...]

A Dive into 2018 Member Demographics

By | August 16th, 2018|NAR|

This blog was written by NAR Research’s intern, Bronwen Leibe. Hi again, it’s me, the research intern! Let’s take a closer look at this year’s member profile! In the 2018 NAR Member Profile, females still make up 63 percent of all REALTORS®. This remains notably constant throughout years of experience (girl power!). Females dominate the profession, [...]

Business License Fees, SC Supreme Court Case

By | August 16th, 2018|Legal FAQs|

Interesting read on SC Supreme Court's take on a house flipper's business license fees. https://www.sccourts.org/opinions/HTMLFiles/SC/27829.pdf Please read the footnote #1 on page #1. The City's ordinance refers to this as a business license "fee"; however, a business license fee operates essentially as a tax Posted by : Byron King on 8/16/18 (This information is only [...]

Second Quarter Single Family Metro Market Prices

By | August 15th, 2018|NAR|

The National Association of REALTORS® quarterly home prices increased again this quarter. Prices continue to drift up this quarter with 90% of the markets showing home price appreciation. We can also look at the top metro areas whose price grew the fastest. Housing affordability is down and for first time buyers qualifying incomes are rising [...]

What is Ombudsman aka Ethics Mediation?

By | August 15th, 2018|Legal FAQs|

"Classic" Mediation: This is the long-established NAR "assisted self-settlement" procedure where REALTOR® mediators are trained to act as a peacekeeper/facilitator/realist to assist the disputing parties in reaching their own self-settlement. Mediators then help the parties write down their settlement on the NAR mediation form and the parties sign. Because the parties arrived at the decision [...]

NAR Leads the Dialogue on Sustainability, Develops Resource Guide

By | August 14th, 2018|NAR|

As the real estate sustainability movement continues to grow, the National Association of Realtors® is proud to introduce the Sustainability Resource Guide, a resource especially created for associations and members to positively impact business practices.  NAR research shows real estate consumers are requesting more information about the sustainability aspects of their real estate investment, and [...]