The New Problems with Earnest Money.

The New Problems with Earnest Money.

As you may have noticed, many real estate agencies have moved away from holding earnest money. Most of these agencies request the closing attorney hold the earnest money for the transaction. I have spoken to several closing attorneys and most are experiencing similar...
Agents Beware of This Buyer.

Agents Beware of This Buyer.

Have you ever received a contract that was non-contingent on the Sale or Sale and Close of the buyer’s house and wondered if the buyer was being truthful about their financial ability to purchase the house without selling their home? Have you ever complained...
Can a Real Estate Team Member Act as a Designated Agent?

Can a Real Estate Team Member Act as a Designated Agent?

I am often asked if a buyer agent on a real estate team can represent a buyer in purchasing one of the team’s own listings. The answer is yes, but only as a disclosed dual agent. South Carolina Code §40-57-360(B) says, “The team may act as disclosed dual agents...
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