Weekly Update Articles

While it is not a strict statutory requirement in South Carolina to keep a copy of the recorded deed on file for every listing, the SCR Legal Team recommends it as a best practice and a vital risk management tool for several reasons: 1. Verifying Ownership & Authority Before spending time and money marketing a property, a Broker-in-Charge (BIC) should ensure the… Read more »

Please be advised S.881 (Prohibition of Unfair Real Estate Service Agreements) was signed by the Governor on May 20, 2024.  S.881/Act No. 165 – Prohibition of Unfair Real Estate Service Agreements Effective Date: May 20, 2024 (Signature of the Governor) The Prohibition of Unfair Real Estate Service Agreements Act (“the Act”), found at newly-added S.C…. Read more »

Want to see why it’s so important to have a buyer agency agreement? See what the SC Supreme Court ruled: South Carolina Supreme Court OpinionsWaldo v. Cousins Docket: 28201Opinion Date: May 1, 2024Judge: HILLAreas of Law: Arbitration & Mediation, Real Estate & Property Law The case revolves around a dispute over a real estate commission…. Read more »

The practice change requiring written agreements with buyers is triggered by two conditions: it only applies to MLS participants “working with” buyers and is triggered by “touring a home.” What does it mean to be “working with” a buyer? How will state laws affect the implementation of the practice change requiring written agreements with buyers?… Read more »

Talking Points Q&A

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 »

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 »

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 »

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 »