by Gary Pickren | May 4, 2018 | Legal Tips
If a property is under contract to close and the buyer notifies the seller that they will be unable to close, can the seller re-list the property and accept another contract? It is a difficult question to answer without some caveat. When this situation arises it is...
by Gary Pickren | Apr 27, 2018 | Legal Tips
I continue to get calls asking when a contract is considered ratified. The agents also want to understand how the contract effective date is determined and when timing is triggered in the contract on items such as due diligence. On June 17, 2016, I wrote an post...
by Gary Pickren | Apr 19, 2018 | Legal Tips
On August 26, 2016 I wrote a legal tip discussing the new Offer Rejection Form that was required under the new Real Estate Agent law. South Carolina Code §40-57-135(I)(5) states, “If an offer is rejected without counter, an offer rejection form, promulgated by...
by Gary Pickren | Apr 13, 2018 | Legal Tips
In case you haven’t noticed, we are in a robust seller’s market. Inventory is in extremely short supply. Some buyers are desperate to win the multiple contract battle and have resorted to various tactics to get their contract accepted. Recently, an agent told me...
by Gary Pickren | Apr 4, 2018 | Legal Tips
Some real estate agents are creative at trying to get people to refer them business. However, often times these referral schemes violate state law. Some common referral schemes offer a chance to enter a drawing or raffle in order to win a vacation package, cruise or...
