Standard of Practice 16-11 On unlisted property, Realtors® acting as buyer/tenant representatives or brokers shall disclose that relationship to the seller/landlord at first contact for that buyer/tenant and shall provide written confirmation of such disclosure to the seller/landlord not later than execution of any purchase or lease agreement. (Amended 1/04) Realtors® shall make any request… Read more »
Read MoreBe careful when bonuses to buyer reps are offered. If the seller is paying or providing the bonus, get the bonus out of the seller’s hands so the seller cannot renege after you have advertised the bonus. Best practice, seller and brokerage and law firm sign an escrow agreement that states what the bonus is… Read more »
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September is REALTOR Safety Month More than a decade ago, the NATIONAL ASSOCIATION of REALTORS launched the REALTOR Safety Program to educate REALTORS on the potential risks they face while on the job. As part of NAR’s ongoing efforts to keep members safe, and to strengthen the REALTOR Safety Program, resources are added annually and… Read more »
Read MoreHousing Supply Overview Although new construction has yet to come to the rescue of low inventory, there are signs that demand for construction materials is high and that previous measurements of low construction activity have been weighed down by the public sector not private, residential building. For the 12-month period spanning September 2016 through August… Read more »
Read MoreThe September 1st change returns the contract to pre-2012 procedures. The following are the ways that earnest money disputes are to be addressed going forward: Get a signed disbursement agreement from all parties (e.g. SCR518 release and disbursement agreement, SCR517 disbursement agreement, mediation agreement) Get a signed disbursement order by the appropriate judge (e.g. magistrate… Read more »
Read MoreREALTOR Don Cleveland, 2018 Vice-President, Region 6 REALTOR. David Phillips, SCR 2017 President will continue to serve on the SCR Executive Committee as Immediate Past President.
Read MoreThe National Association of REALTORS (NAR) needs your help to drive messages to Members of Congress urging them to support H.R. 2874, “The 21st Century Flood Reform Act.” H.R. 2874 reauthorizes the NFIP and makes a number of critical improvements to the NFIP including increased funds for mitigation activities, caps on overall premium increases, improved… Read more »
Read MoreAfter from than 20 years of service, Education Manager Beau Tiller is retiring from his position at the SC Real Estate Commission. His replacement, Joi Middleton, has been serving as Education Coordinator for the past few years and has done a great job. Take a moment to thank Beau Tiller for his commitment and to… Read more »
Read MoreIn response to growing cases of Wire Fraud, SCR has just released a new form dealing with that specific issue. Wire fraud has occurred when a member’s email is hacked and the hacker monitors the communications with buyers who are under contract. As the closing date approaches, the hacker sends an email to the buyer,… Read more »
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