SCR130 Exclusive Right to Buy Buyer Agency Agreement ERTB BAA
As of today (3/20/23) in order to use the updated SCR130, you will write in your compensation either as a dollar amount (fill in the blank) or as a percentage of the purchase price (fill in the blank).
Be very careful to never say that you work for free when you do not work for free. The NAR code of ethics prohibits this. The SC license law prohibits this. Other laws also prohibit this.
You have put in many hours of study and effort as well as money to obtain your real estate license and your REALTOR® membership and your expertise as a buyer’s agent.
Buyer’s agents bring value to the transaction for buyer clients.
Be proud of this and market your value, not as "free" but as the value you bring to the transaction.
Forms videos from SCR are linked below. SCR can do forms training and ethics training and legal training for your brokerage and or your association as schedules permit and presentation on forms or ethics or the law can be presented either live or on Zoom..
NAR code of ethics:
• Standard of Practice 12-1 REALTORS® must not represent that their brokerage services to a client or customer are free or available at no cost to their clients, unless the REALTOR® will receive no financial compensation from any source for those services. (Amended 1/22)
3 SCR forms update and 2 SCR forms are added:
- New – Vacation Rental Act Form
- New – SCR Personal Property Addendum
- Updated – SCR Form 375 – Seller’s Agreement to Occupy After Closing
- Updated – SCR Form 370 – Buyer’s Agreement to Occupy Prior to Closing
- Updated – SCR Form 130 – Exclusive Right to Buy Buyers Agency Contract
Posted by: Byron King on 03/20/23 (This information is only accurate as of 03/20/23. You must contact SCR for updates and changes to this information after 03/20/23 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 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.