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Articles 2018-02-06T08:55:09+00:00

What is the “Closing Table”?

The “Closing Table” is your resource for real estate laws, news, and information in South Carolina. These articles are for realtors, mortgage lenders, buyers, and sellers of property in South Carolina.

Are You Getting the Offer Rejection Forms?

By | April 19th, 2018|Legal Tips|

On August 26, 2016 I wrote a legal tip discussing the new Offer Rejection Form that was required under the new Real Estate Agent law. South Carolina Code §40-57-135(I)(5) states, "If an offer is rejected [...]

The Things Buyers Will Do To Get a House.

By | April 13th, 2018|Legal Tips|

In case you haven’t noticed, we are in a robust seller’s market.  Inventory is in extremely short supply. Some buyers are desperate to win the multiple contract battle and have resorted to various tactics to get [...]

Is it Really a Bedroom?

By | March 30th, 2018|Legal Tips|

There is some question in the real estate market about what exactly constitutes a bedroom.  Buyers and agents both complain that some listings assert that a house has four bedrooms when in fact the house [...]

Do Agent Bonuses Violate “Pay at Close”

By | March 9th, 2018|Legal Tips|

As discussed in last week’s post, South Carolina Code §40-57-135(B) states, “An associated licensee may not receive compensation from an activity requiring a real estate license from an entity or person other than the one for which the license [...]

Dealing with Earnest Money in 2018

By | February 23rd, 2018|Legal Tips|

Last week we posted our concern about the Real Estate Commission's recent ruling in which it held that if there is any dispute over the release of the earnest money, the real estate agency must [...]

Earnest Money and the Real Estate Commission

By | February 16th, 2018|Legal Tips|

The South Carolina Real Estate Commission recently ruled that earnest money may not be released unless the parties to the contract sign a release or a court order is issued. The Commission's ruling, however, flies [...]