by alex a | Jul 30, 2015 | Legal Tips
An agent ask me this week if South Carolina law prohibits an agent from calling and soliciting an active listing. South Carolina Code §40-57-145(22) says you may not induce a party to break a contract for sale or lease, listing agreement or buyer agency agreement....
by alex a | Jul 24, 2015 | Legal Tips
Earlier this year the following scenario occurred: Buyer made an offer. Seller accepted the offer but added a term imposing a $5,000 penalty if the closing was delayed. Seller initialed the new term. Buyer refused the $5,000 penalty by scratching out the added term....
by alex a | Jul 17, 2015 | Legal Tips
This past week I received two questions from agents on the “5 Day Rule”. Both agents asked if the “5 Day Rule”, as set out in the financing contingency paragraph, move with the new closing date if the closing date gets extended past the original date in the contract?...
by alex a | Jul 10, 2015 | Legal Tips
We continue to see issues with poorly written . Most disputes involve questions as to what exactly the buyer is asking to be repaired or who will select the service provider or whether a licensed contractor is required for that repair. These matters can easily be...
by alex a | Jul 2, 2015 | Legal Tips
Agents often ask me what duties they owe the client after the relationship has been terminated. South Carolina Code §40-57-140 states that the licensee and the Broker have no duty or obligation to a client following termination, expiration or completion of an agency...
