by Gary Pickren | Jan 15, 2016 | Legal Tips
Can a real estate agent advertise houses listed by another real estate agent on their website? S.C. Code Ann. §40-57-135(c)(4) says: A licensee may not advertise, market, or offer to conduct a real estate transaction involving real estate owned in whole or in part by...
by Gary Pickren | Jan 8, 2016 | Legal Tips
Is a house alarm system a fixture that transfers with the property or can the seller take the alarm when they move out? The answer to this question is found in Paragraph 17 of the CCRA contract. The contract says “the sale includes all fixtures, equipment and...
by Gary Pickren | Dec 18, 2015 | Legal Tips
Several of you have asked if the closing attorney is required by TRID to prepare a settlement statement. The answer is no, which raises several issues for the real estate licensee. First, a licensee is required by state law to ensure that their client receives a copy...
by Gary Pickren | Dec 11, 2015 | Legal Tips
For years we have been sending seller-clients an engagement letter that also requests important information from sellers to expedite the process, e.g., payoff account numbers, HOA/regime contacts, whether a POA is needed, etc. While other law firms have been slow to...
by Gary Pickren | Dec 4, 2015 | Legal Tips
I am sure many of you have received an email from an international buyer who wants to purchase one of your listings for cash. Typically the listing has been on the market longer than average. After the feeling of euphoria leaves you and you look closer at the...
by Gary Pickren | Nov 19, 2015 | Legal Tips
Almost all closings today require a lender funding number in order to disburse. Getting funding approval entails getting a funding number from the lender AND receiving the lender and closing parties’ funds. When funding authorization is required, the closing...
