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Wire Fraud

By |2022-11-18T10:11:15-05:00November 18th, 2022|Legal FAQs|

https://www.screaltors.org/wp-content/uploads/Forms/610.pdf FBI agent stated the FBI has developed tools to get the money back if the FBI is notified almost immediately. Educate everyone about wire fraud. Beware emailed wiring instructions. Safe recommendation is to never trust email wire instructions. Warn buyers, sellers, tenants, landlords, agents, staff, employees, lawyers, lenders/bankers, paralegals, and customers. Posted by: Byron [...]

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UPL

By |2022-11-18T10:01:57-05:00November 18th, 2022|Legal FAQs|

LLR SCREC UPL on 10/31/22 https://eservice.llr.sc.gov/PublicOrdersWeb/?divisionId=19 Posted by: Byron King on 11/17/22 (This information is only accurate as of 11/17/22. You must contact SCR for updates and changes to this information after 11/17/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information [...]

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Long/Marketing Agreements

By |2022-11-17T10:20:55-05:00November 17th, 2022|Legal FAQs|

https://www.inman.com/2022/11/09/homeowner-benefit-agreements-in-spotlight-amid-mv-realty-probe/ Posted by: Byron King on 11/17/22 (This information is only accurate as of 11/17/22. You must contact SCR for updates and changes to this information after 11/17/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This [...]

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NAR Professional Standards Change in 2023 (Handicap to Disability)

By |2022-11-17T10:17:15-05:00November 17th, 2022|Legal FAQs|

The changes go into effect January 1, 2023. Here are the revisions to Article 10: “REALTORS shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap disability, familial status, national origin, sexual orientation, or gender identity. Realtors shall not be parties to any plan or agreement to discriminate [...]

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Fake Seller Scam – Verify the Seller

By |2022-11-16T11:57:41-05:00November 16th, 2022|Legal FAQs|

Your zipForms Lone Wolf product has a paid identification verification product to help identify sellers prior to allowing signing the listing agreement, etc. https://lwolf.force.com/s/article/Use-Identify-Verification-zipForm-Standard It uses those public database questions that you likely have answered to verify yourself online. Which of the following streets have you never lived upon? A. Oak St B. Main St [...]

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Homeowner Property Tax Discount Apply (65+, Disabled, Blind)…July

By |2022-11-15T16:56:51-05:00November 15th, 2022|Legal FAQs|

Remind your buyers to apply for a homestead tax exemption discount as they turn 65 or are disabled or are blind. SECTION 12-37-250. Homestead exemption for taxpayers sixty-five and over or those totally and permanently disabled or legally blind. (A)(1) The first fifty thousand dollars of the fair market value of the dwelling place of [...]

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NAR BOD Article 10 Update

By |2022-11-15T12:16:52-05:00November 15th, 2022|Legal FAQs|

Replace HANDICAP with DISABILITY terminology. Duties to the Public Article 10 REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. REALTORS® shall not be parties to any plan or agreement to discriminate against a person or persons [...]

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