by alex a | Dec 2, 2016 | Legal Tips
The Real Estate Law that becomes effective January 1, 2017 contains a new escrow money requirement that imposes a burdensome duty on the real estate agent. SC Code Ann. §40-57-136(B)(4) holds: “Trust funds received by a licensee in connection with a real estate...
by alex a | Nov 28, 2016 | Labor and Employment Law
A federal judge in Texas has issued a nationwide preliminary injunction against the U.S. Department of Labor’s new overtime rule set to go into effect this week. The new rule, which increases the minimum salary required to be paid to white collar exempt employees to...
by alex a | Nov 18, 2016 | Legal Tips
South Carolina Code §40-57-135(E)(1) states that, “A licensee may not advertise, market, or offer to conduct a real estate transaction . . . without first obtaining a written listing agreement between the property owner and the real estate brokerage firm with...
by alex a | Nov 8, 2016 | Legal Tips
By now many of you have heard the horrific news from Woodruff, South Carolina about the heinous crimes of real estate agent, Todd Kohlhepp. Kohlhepp, the owner of TKA Real Estate, was arrested last week after authorities found a woman “chained-up like a...
by alex a | Nov 4, 2016 | Legal Tips
This week we continue to examine agency as it is used under the new S.C. Code§ 40-57-5 et seq. (Law effective January 1, 2017). Section 40-57-350(C) holds that at the time of first substantive contact with the consumer, it is presumed that a potential buyer or seller...
