The SCR Legislative Committee identified the following issues as top priorities for the 2018 session: Homeowners Association Legislation (H.3886) Issues and disputes regarding HOAs are an ongoing issue for REALTOR® membership and the real estate industry as a whole. H.3886, the SC Homeowners Association Act, is an important first step in providing uniformity, transparency, and relief for homeowners across the state. The bill would implement consistent guidelines that encourage good governance among HOAs and protect homeowners’ interests. The legislation provides the following protections: • Requirement to record governing documents of the HOA. This provision clarifies that governing documents must be recorded with...

Western Upstate Multiple Listing Service is pleased to announce that Matrix™ from CoreLogic® is now available. What should you expect On March 5th, all input and maintenance of listings will stop. This means that you will not be able to input or manage any listings going forward in Paragon and input will not begin in Matrix until March 6th. On March 6th, Paragon will no longer be an active system, meaning any listings that you update in Matrix, will not carry over into Paragon. Where Can I Find Listing Input Forms for Matrix? When you log into Matrix, find the...

Rep. Tommy Pope, plans to introduce a bill that would revise our state sales tax by taxing services. Based on SCR’s review of the initial draft language this will include a sales tax on real estate commissions. Although due to its controversial nature, this bill is unlikely to move this session, we need to send a strong message that REALTORS® will not support taxation of real estate commissions. SCR will be on top of this issue and will continue to update you. A summary of the current bill is below: Income Tax: Sets a single, flat tax rate of 4.85%...