Effective with June, 2018 renewal, every real estate licensee will need 10 hours of approved courses prior to renewing. The requirements break down as follows: Sales and Broker’s License (not BIC) 4 hours core (TRID Safely in a Flood of Disclosures is the only approved core course) 6 hours elective (any approved course or combination… Read more »
Read MoreHousing Supply Overview Low housing supply is both a month-over-month and now multiple year-over-year happening. Lawrence Yun, Chief Economist for the National Association of REALTORS®, has gone as far as saying that the national housing market is essentially stalled. For the 12-month period spanning October 2016 through September 2017, Pending Sales in the Western Upstate region were down… Read more »
Read MoreStandard 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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On October 11 we will be providing a “double dip” class for members who are renewing in 2018. As you know, license law 2017 added an additional 2 hours of elective credit as a renewal requirement for those renewing in 2018 and beyond. In addition, 2018 is the year that every member must show completion… Read more »
Read MoreReport from SCR Conference August 30-September 1 SCR Update—Nick Kremydas, CEO 2018 focus is on local events and meetings Broker Summit to be held in Columbia on October 23 with Steve Murray as keynote SCR is in a great financial position—better than in the 22 years previous 2018 election will be pivotal with a Governor’s… Read more »
Read MoreSeptember 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 »
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