“Pay at Close” is Illegal, So Don’t Do it!

“Pay at Close” is Illegal, So Don’t Do it!

Pay at Close is a process where the Broker in Charge gives written authorization to the closing attorney to issue two checks at closing: one to the brokerage firm for its portion of the commission, and one to the agent for his/her portion of the commission. Recently,...
Dealing with Earnest Money in 2018

Dealing with Earnest Money in 2018

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 get a signed release from both parties or a court order to release...
Earnest Money and the Real Estate Commission

Earnest Money and the Real Estate Commission

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 in the face of the statute and most sales...
Convincing Millennials the Time to Buy is Now!

Convincing Millennials the Time to Buy is Now!

Convincing Millennials the Time to Buy is Now! My friend, Dale Barker, and I were discussing interest rates this week.  We reminisced about the “good ole days” when we got in the business and interest rates were just under 10%.  Dale talked about how he explains the...
How and When do I get my REAL ID in SC?

How and When do I get my REAL ID in SC?

REAL IDs are not yet available in South Carolina. But once they are available you will be able to get a REAL ID at any SCDMV location. However, you must be prepared to get your REAL ID by bringing certain documents with you to the DMV.  For example, you will need:...
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