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NAR Lawsuit Settlement – SCR FAQs and Resources

2024-04-12T09:05:57-05:00March 22nd, 2024|Legal FAQs, SCR|

The Facts for REALTORS® A central resource for updates and materials about NAR’s steadfast commitment to strengthen the association, defend REALTORS® and their immense value, and look to the future. Visit Facts.realtor for the most up-to-date information regarding the NAR Settlement Learn more Additional Resources REALTOR Magazine Special [...]

SC Supreme Ct Reverses SC Ct of Appeals

2024-05-01T11:32:49-05:00May 1st, 2024|Legal FAQs|

https://www.sccourts.org/opinions/HTMLFiles/SC/28201.pdf SC Sup Ct reverses SC Ct of Appeals on arbitration. 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 [...]

Professional Standards, Ethics, Arbitration, Mediation, Ombudsman: Educate Yourself

2024-04-30T13:21:49-05:00April 30th, 2024|Legal FAQs|

If you are interested in REALTOR® professional standards, ethics, arbitration, mediation, and or ombudsman, or you serve as a member of the professional standards committee or grievance committee or as a mediator/ombudsman; please begin and continue your self education program at this link over time: https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/educational-resources The National Association of REALTORS® is America’s largest trade [...]

The Most, Least Desired Home Styles

2024-04-30T03:03:26-05:00April 30th, 2024|NAR|

The Most, Least Desired Home Styles Online views for real estate listings may provide insight into the architecture styles home buyers favor. By:  Melissa Dittmann Tracey Design & Architecture, Design Trends Powered by WPeMatico

NAR Code of Ethics Excerpts on Compensation

2024-04-29T14:45:36-05:00April 29th, 2024|Legal FAQs|

Article 6 REALTORS® shall not accept any commission, rebate, or profit on expenditures made for their client, without the client’s knowledge and consent. Article 7 In a transaction, REALTORS® shall not accept compensation from more than one party, even if permitted by law, without disclosure to all parties and the informed consent of the REALTOR®’s [...]

License Law on Compensation Excerpts

2024-04-29T14:31:07-05:00April 29th, 2024|Legal FAQs|

Misconduct and Redress SECTION 40-57-710. Grounds for denial of issuance of license or for disciplinary action against licensee. (A) In addition to Section 40-1-110, the commission may deny issuance of a license to an applicant or may take disciplinary action against a licensee who: License Law: (28) allows or creates an unreasonable delay in the [...]

NAR on NAR Code of Ethics Article 16 and Standard of Practice 16-16 SOP 16-16, SCR120, SCR310 seller paid buyer’s transaction costs

2024-04-29T13:58:45-05:00April 29th, 2024|Legal FAQs|

Article 16 REALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with clients. (Amended 1/04) Standard of Practice 16-16 REALTORS®, acting as subagents or buyer/tenant representatives or brokers, shall not use the terms of an offer to purchase/lease to attempt [...]

NAR on Written Buyer Agreements, Before Tour Unless Listing Agent

2024-04-29T11:08:19-05:00April 29th, 2024|Legal FAQs|

See NAR FAQs #46 through #62' https://www.nar.realtor/the-facts/nar-settlement-faqs 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 [...]

NAR on Written Buyer Agreements, Before Tour Unless Listing Agent

2024-04-29T11:06:47-05:00April 29th, 2024|Legal FAQs|

See NAR FAQs #46 through #62 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 [...]

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