Spartanburg Association of REALTORS®

225 N Pine Street

P.O. Box 5414 (29304)

Spartanburg, SC 29306

(864)583-3679

info@spartanburgrealtors.com 

www.spartanburgrealtors.com 

 

SAR Weekly Update - July 24, 2024

 

SAR Bylaws Updated to Comply with Upcoming NAR Settlement Deadline

The Bylaws of the Spartanburg Association of REALTORS® have been updated in order to be in compliance with the NAR Settlement agreement. Since these changes are mandated by the NATIONAL ASSOCIATION OF REALTORS® policy, they only required approval by the Executive Committee. Click here to view a copy of the changes to Article XVIII - Multiple Listing Service.   Click here to view a complete copy of the Association Bylaws effective August 12, 2024.

 

Important Changes to Spartanburg MLS to be Published to All MLS Users!  

The Spartanburg MLS will remove all compensation fields from Paragon on August 12.  A separate MLS Update will be sent out July 24, 2024 to all Spartanburg MLS users containing important changes to the MLS Rules and Regulations, and links to the MLS Data Profile Forms.    If you are a Participant or Subscriber of the Spartanburg MLS be sure you review this information!

 

September Membership/SAR and MLS Annual Meetings

Wednesday, September 4, 2024  

  

 8:00am Mini Affiliate Expo      8:30am - Buffet Opens      9:00am  Meetings Begin

 

The Piedmont Club

 

September Membership Meeting and RPAC Fundraiser

 

Annual Meetings of the

Spartanburg Association of REALTORS®, Inc.

and

Multiple Listing Service of Spartanburg, Inc.

 

To register for this event log into your info hub account.  https://spartanburgassociationofrealtors.growthzoneapp.com/MIC/Login 

 

Please be sure to read the cancellation/no show reservation policy when registering for this event.  It is also provided in your email registration event confirmation.

 

The Piedmont Club has a dress code! Policies & Dress Code - Piedmont Club (thepiedmontclub.org) 

 

SCR's Updated Forms and Training Webinar & Videos

New SCR Forms - Are you Ready?

 

SCR will be offering the SCR Forms Changes Training Webinar on August 8, 2024 at 12pm.  Click here to register for this webinar.

 

In August the new commission changes come into effect. This has resulted in a lot of new forms for members to use. SCR has made an effort for members to become familiar with the forms prior to the MLS switchover. So where are the new forms?

 

The new forms are available now at screaltors.org/forms (login required) in both draft (redline) and live versions as zipped files:

  • Form 120 - Compensation Agreement
  • Form 130 - Exclusive Right to Buy Buyer Agency Contract
  • Form 220 - Exclusive Right to Sell Agreement Listing Agreement
  • Form 310 - Agreement/Contract to Buy and Sell Residential Real Estate 
  • Form 138 - Transaction Brokerage Agreement 
  • Form 135 - Exclusive Agency Buyer Contract; 
  • Form 136 - Exclusive Right to Buy Transaction Brokerage Agreement 
  • Form 221 - Exclusive Right to Sell Transaction Brokerage Agreement 
  • Form 210 - Exclusive Agency Listing Agreement 
  • Form 330 - Agreement/Contract: To Buy and Sell Real Estate (Lots/Acreage)
  • Form 300 - Agreement/Contract: To Buy and Sell Real Estate (Residential/Condo)

The current versions of these forms will remain available in the SCR forms library under the dropdown list until August 1, when they will be replaced by these updated versions.

 

ZipForms and other providers will have the new forms updated in their library in early August.

 

 

 

Training Videos

 

 

Please ensure that you are prepared for these changes by watching ALL of the videos below.

 

Austin Smallwood, SCR VP of Legal & Regulatory Affairs, will walk you through the changes and their impacts, ensuring you stay compliant and informed.

 

SCR Offering Free Education Series (ABR, RENE, SRS and PSA)

SCR is excited to announce it will be offering additional FREE Virtual education courses to members statewide ($885 value).  These virtual courses ABR, RENE, SRS, and Pricing Strategy Advisor (PSA) will be paid for by SCR, and will be taught via Zoom by Todd Beckstrom, and hosted by CCRA.   

 

Click here to register. 

September 11-12

8:30am-4:30pm

6 hour elective

October 15-16

8:30am-4:30pm

8 hours elective

October 2-3

8:30am-4:30pm

16 hours elective

November 18

8:30am-4:30pm

5 hours elective

 

The Facts for REALTORS® - NAR Lawsuit Settlement

 

If you have not kept up with the forthcoming changes in our industry, we strongly recommend you refer to The Facts for REALTORS® and sign up to attend a SCR Town Hall meeting.  Please refer below for registration links to the SCR Town Hall Meeting in August and NAR's Facts.REALTOR page.

 

Facts.REALTOR is a members-only resource covering the settlement.  Click on the particulars, as well as litigation FAQs, financing FAQs, and the full settlement agreement.

NAR Settlement Resources              SCR's FAQs and Resources

 

SCR Town Hall Meetings on NAR Lawsuit Settlement

SCR has conducted many webinars and in person meetings surrounding the NAR lawsuit settlement. We want you to be prepared for the changes that could impact your business. SCR has scheduled another Town Hall meeting to answer your questions. Click below to register:

 

August 13, 2024 @ 2pm

 

Please note:  SCR is not sharing recordings of the Town Hall Meetings due to legal reasons, rapidly changing information, and the goal of releasing accurate timely information.  We highly encourage all members attend.

 

NAR's Upcoming Practice Changes and DOJ Engagement

Chief Legal Officer Katie Johnson discusses updates regarding the coming August 17 practice changes—including how to speak to consumers about the new policies—and NAR’s engagement with the Department of Justice. NAR encourages all members to evaluate new or revised forms with an eye for clarity and emphasis on consumer choice. Additional resources are available at facts.realtor.

 

Are You Signed Up to Receive REALTOR® Party Mobile Alerts

Be sure to sign up for REALTOR® Party Mobile Alerts so that we can use the REALTOR® power of grass roots when issues arise that can impact your business. If you sign up between today and August 16th, you could win a $50 gift card! Just text REALTOR to 30644.

 

Special Thanks to our Volunteers Who Helped Serve at the Soup Kitchen this Month!

 
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