What are the Problems with Transaction Brokerage?

What are the Problems with Transaction Brokerage?

In the last two posts we examined transaction brokerage. Transaction brokerage will be allowed in South Carolina starting January 1, 2017. This change is pursuant to the revised real estate law that becomes effective at the new year. Transaction brokerage is defined...
A Closer Look at Transaction Brokerage.

A Closer Look at Transaction Brokerage.

Transaction brokerage is coming to South Carolina in January 2017 as part of the revised Real Estate Title 40, Chapter 57.  This topic has created a lot of questions and angst in the industry. Today we look deeper into transaction brokerage. As brokerages continue to...
What in the World is Transaction Agency?

What in the World is Transaction Agency?

Under the new real estate statute that becomes effective January 2017, a brokerage may offer transaction agency.  So what is transaction agency? The new statute defines a transaction broker as “a real estate brokerage firm that provides customer service to a...
Staying Legal Under the New Real Estate Law.

Staying Legal Under the New Real Estate Law.

As we discussed in last week’s legal tip, the state legislature has passed a new real estate statute that will be effective January 2017.  Under the new law the continuing education requirements have been increased.  In order to renew your license  in 2017 you...
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