Articles 2017-02-28T16:11:19+00:00

VA Appraisals

By | May 10th, 2017|Legal Tips|

Over the past year we have seen an increase in the number of Sellers who make the sales contract contingent on a particular VA appraiser not being allowed to conduct the appraisal.  The VA Regional Office in Atlanta, [...]

CMLS New Listing Statuses

By | May 3rd, 2017|Legal Tips|

Last week's post discussed how the Consolidated Multiple Listing Service (CMLS) handled contingency contracts. Today's post examines the different statuses available to the real estate agents in CMLS which allows for a more accurate accounting of the [...]

Active Contingency on CMLS

By | April 28th, 2017|Legal Tips|

Recently, the Consolidated Multiple Listing Service (CMLS) expanded the status categories in an effort to give those agents with potential buyers the most accurate information when deciding what listings to recommend to those potential buyers. Prior [...]

Consistency in Names

By | April 13th, 2017|Legal Tips|

When completing the contract it is important that the buyer's name matches exactly how the client intends to apply for the loan and how he wants to hold title.  For example, if Jonathan David Smith is [...]

Pocket Listings and the CMLS

By | March 31st, 2017|Legal Tips|

One of the most misunderstood rules of the Consolidated Multiple Listing Service (CMLS) pertains to advertising the listing before placing the property in the Multiple Listing Service (MLS).  Rule 1(b)(2) states that “all listings must [...]

The New CMLS Exclusive Right to Sell

By | March 23rd, 2017|Legal Tips|

As a result of the state legislature amending Title 40 of the South Carolina Code entitled Real Estate Brokers, Salespersons and Property Managers, the Consolidated Multiple Listing Service ("CMLS") revised its Exclusive Right to Sell ("ERTS") [...]

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