Weekly Update Articles

Information for BIC’s from Real Estate Commission

Dear Supervisors,   In accordance with existing law and as approved by the Commission at the January 19, 2023, meeting, all licensees who do not renew their licenses by the listed expiration date will be lapsed in accordance with S.C. Code Ann. §40-57-110(D). Following the lapse of licensure, an individual with a lapsed license has… Read more »

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Real Estate License Law Update

Real Estate License Law Update (H.4754) – The real estate industry has undergone significant transformations in recent years with the rapid integration of new technologies. Such advancements in technology have revolutionized how properties are bought, sold, and managed, presenting unprecedented opportunities and challenges.  With these changes, lawmakers must collaborate with industry regulators and leaders to… Read more »

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LICENSE LAW SPOTLIGHT: Wholesaling and License Law

The practice of individuals or companies entering into assignable contracts to purchase a home from an owner, then marketing the contract for the purchase of the home to the public has been become a hot topic nationwide in the real estate industry in recent years. This is usually referred to as “wholesaling”. The question is… Read more »

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Realtor.com March and April Training Schedule

Dashboard Essentials for AgentsMar. 22  1:00pm – 2:00pm ESTClick to register Crushing Lead Conversion in 2022Mar. 23   2:00pm – 2:30pm ESTClick to register Teaching Your Agents How to Stand OutMar. 29   1:00pm – 2:00pm ESTClick to register Successfully Leveraging VideoMar. 30   2:00pm – 2:30pm ESTClick to register Dos and Don’ts of Social Media in Real EstateApr. 4 … Read more »

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SCR Legislative Update – March 15-17, 2022

This week, the House approved the state’s nearly $14 billion budget (H.5150, FY 2022-2023 General Appropriations, and H.5151,Capital Reserve Fund).  Highlights of the House Budget include:  3% raise and one-time bonus for all state employees $4000 increase to the starting minimum salary for teachers $600 million income tax cut, in a plan that would drop… Read more »

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Add Public Supplements to Listings

Did you know that you can make your supplements public in Matrix? The benefit of setting your supplement as public allows your attached document to appear in emails sent to clients. To Add a New Public Supplement: Click on Input Select the listing you wish to add the supplement Choose Manage Supplements from the list… Read more »

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SCR Legislative Update: January 12-14, 2021

The first regular session of 124th South Carolina General Assembly began Tuesday, January 12, 2021.  The House and Senate met in Columbia in statewide session this week but plan to meet virtually over the next week.  The House will return at the call of the Speaker (tentatively Tuesday, January 26, 2021). The Senate tentatively plans… Read more »

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Definition of a Bedroom

By: E. Grant Murphy & D. Scott Murphy, SRA People often ask how you define a bedroom in terms of real estate appraisals. The question seems simple enough, but the answer is complicated and dependent on many factors, including bedroom dimensions, closet access, bathroom access, ceiling height, and privacy, among others. Furthermore, as with anything… Read more »

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Don’t Forget the Requirement of Clear Cooperation Policy and Code of Ethics

Numerous complaints have been made to MLS staff that members are not following the current MLS rules and regulations regarding cooperation under the Clear Cooperation Policy mandated by NAR.  Here is an explanation of some of the rules: The Clear Cooperation policy requires that listings be placed in the MLS offering cooperation and compensation to… Read more »

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