July 1 SCLLR SCREC Forms Change, SCR230 aka the Seller Disclosure UPDATES!

By |2022-06-27T13:32:59-05:00June 27th, 2022|Legal FAQs|

On July 1, the SC LLR SCREC updates their seller disclosure aka RPCDS Residential Property Condition Disclosure Statement aka SCR230. It is a one sentence change. See page 5 of 5. https://llr.sc.gov/re/recpdf/Property-Condition-Disclosure-Statement.pdf "Purchaser has sole responsibility for investigating off-site conditions of the property including, but not limited to, adjacent properties being used for agricultural purposes." [...]

Comments Off on July 1 SCLLR SCREC Forms Change, SCR230 aka the Seller Disclosure UPDATES!

LLR Reports SSN Search All New RE Applicants

By |2022-06-23T11:03:43-05:00June 23rd, 2022|Legal FAQs|

LLR Acting Director reports LLR SCREC notified all real estate schools that LLR will begin a social security base search required for all new real estate applicants. Posted by: Byron King on 06/23/22 (This information is only accurate as of 06/23/22. You must contact SCR for updates and changes to this information after 06/23/22 as [...]

Comments Off on LLR Reports SSN Search All New RE Applicants

Tips to avoid mistakes on new strict Due Diligence contract per Legal Hotline

By |2022-06-23T09:28:02-05:00June 23rd, 2022|Legal FAQs, SCR|

After a week of calls on the new strictly Due Diligence contract the SCR Legal Team wanted to highlight the three most common questions/issues we've gotten as well as the answers to those questions. Can I draft an addendum to the contract in order to "fix" or "add to" Due Diligence? REALTORS® should not under any circumstances [...]

Comments Off on Tips to avoid mistakes on new strict Due Diligence contract per Legal Hotline

Legal Update Due Diligence

By |2022-06-23T09:15:56-05:00June 23rd, 2022|Legal FAQs|

Currently, the SCR310 and SCR300 are due diligence legal agreements. For over ten years, many licensees have had thousands of clients where due diligence was utilized in the parties' best interests (e.g., seller gets the due diligence termination dollars if the buyer timely/properly walks, seller gets lukewarm buyers out of the way faster, buyer can [...]

Comments Off on Legal Update Due Diligence

What it Means to be an Ethical Real Estate Agent

By |2022-06-21T13:41:55-05:00June 21st, 2022|NAR|

By Lee Davenport, PhD Should the public trust the real estate industry? As quiet as it’s kept, salespeople of any industry can get the nickname of “sleazy” or  “swindler” because that is not just the name of a Netflix show (for those of you that have seen the Tinder Swindler). For some of us, just [...]

3 Actionable Tips for Keeping Sellers Happy When the Market Shifts

By |2022-06-14T02:09:07-05:00June 14th, 2022|NAR|

By: Alex Capazollo If a shift is not yet happening in your market, there’s a chance it is happening in someone else’s. The band-aid of low interest rates is currently being yanked off, causing a significant increase in monthly payments for potential buyers. People are in fear of a potential recession. Real estate values are [...]

Go to Top