Spartanburg Association of REALTORS®

225 N. Pine Street

Spartanburg, SC 29302

info@spartanburgrealtors.com 

www.spartanburgrealtors.com 

 

SAR Weekly Update - November 13, 2024

 

2024 Beneficial Ownership Information Reporting Requirements for LLCs, Corporations and Business Entities

Are you aware of the 2024 Federal Reporting Requirements for LLCs, Corporations and Business Entities?  Congress passed the Corporate Transparency Act (CTA) (signed into law on January 1, 2021) expanding anti-money laundering laws and created new reporting requirements for certain companies doing business in the US beginning in 2024.  The disclosure requirement applies to most LLCs, closely held corporations and similar entities.  The CTA requires existing companies to disclose their beneficial ownership information to the Financial Crimes Enforcement Network ("FinCEN").    For more information about this requirement click on the link https://www.fincen.gov/boi.

 

Congratulations to Tanisha Jackson, who was selected to participate in the 2025 SCR Leadership Academy Program!

Tanisha currently serves on our Executive Committee and will serve as Association Secretary in 2025!

 

MLS Requiring Additional Fields for Residential Properties

Effective December 2, 2024, the Spartanburg MLS is adding Supra Lockbox data fields under the OFFICE INFO section for Residential properties. Listing agents/brokers will need to indicate if a Supra Lockbox is on the property, and if so, to enter the Lockbox Serial Number and Lockbox CBS code.  These fields will also be updated on our Residential Data Profile Sheet.

 

Spartanburg 10K Marketing Reports

Below are the most recent Spartanburg Marketing Reports for 2024.  Additional marketing reports are available on Paragon under MLS documents /10K Marketing Reports. 

 

October 2024 SAR 10K Marketing Report

 

October 2024 SAR Housing Supply Overview Report

 

To view SAR’s twenty (20) local market areas click here and then click on Spartanburg Association of REALTORS® on the map.  FastStats provide members, public and media access to current and historical market data for all of South Carolina.

 

Spartanburg MLS users have the capability of running their own 10K Marketing reports using InfoSparks. Members can access this feature in Paragon under Resources.   Click here to view a flyer about InfoSparks.  To watch the webinar offered back in December about using InfoSparks click here

 

SAR Offering FREE CE Courses - December 3 for SAR REALTORS®

FREE BIC Duties and Responsibilities Mandatory Course (CEE 2951) - 4 hrs

 

Date:  Tuesday, December 3

Time: 8:30am-12:30pm

Location: Cleveland Park Event Ctr (LL)

141 N Cleveland Park Dr. Spartanburg, SC

Instructor:  Kim Matthews, Carolina Real Estate Academy

This class is available to SAR Brokers-in-Charge and SAR Managing Brokers.

For more information and to register for this class log into your Info Hub account at

https://spartanburgassociationofrealtors.growthzoneapp.com/MIC/Login.

FREE to SAR Brokers-in-Charge and SAR Managing Brokers!  Limited seating!

Online registrations on a first come first registered basis!   Be sure to read the registration policy!

FREE CORE COURSE - Legal Hot Tips (CEC 4184) 2025-2026 Core - 4 hrs

 

Date:  Tuesday, December 3

Time:  1:30pm-5:30pm

Location: Cleveland Park Event Ctr (LL)

141 N Cleveland Park Dr., Spartanburg SC

Instructor: Kim Matthews, Carolina Real Estate Academy

This class is available to SAR REALTORS®

For more information and to register for this class log into your Info Hub account at

https://spartanburgassociationofrealtors.growthzoneapp.com/MIC/Login

FREE to SAR REALTORS®!  Limited seating!

Online registrations on a first come first registered basis!   Be sure to read the registration policy!

 

SAR December Membership Luncheon Meeting - December 6

December Membership Luncheon Meeting

Friday, December 6, 2024

 11:00am - Visit Mini Affiliate Expo     11:30am - Luncheon Buffet    12:00pm - Meeting/Program 

The Piedmont Club

Program: Installation of 2025 SAR/MLS Leadership and Special Awards

Due to the popularity of this event, no guest tickets will be available for purchase.

Come early to visit with Affiliate Members who have reserved tables to display their products and services from 11:00am –11:30am.  Thank you to our Affiliate members participating this quarter:

Phil Knox Home Inspections - Phil Knox

Benchmark Mortgage - Mike Watson

Absolute Inspection - Brad Johnson

 Atlantic Coast Mortgage - Kristi Farmer

 Carolina Home Experts - Steve Burdick

Guild Mortgage - Gail Nace

To register for this event go to

https://spartanburgassociationofrealtors.growthzoneapp.com/MIC/Login 

 If you have not set up an account, click on the link  to create your SAR member account. https://spartanburgassociationofrealtors.growthzoneapp.com/MIC/Create   

Please remember The Piedmont Club has a dress code. Click here to view dress code. 

Be sure and read the reservation policy on your confirmation receipt.

 

Spread the Word About the REALTOR® Relief Mortgage and Rental Assistance for SC Residents Impacted by Hurricane Helene!

Please help us spread the word to customers, clients, neighbors... about the REALTOR® Relief Foundation - Mortgage & Rental Assistance for SC Residents whose primary residence was damaged by Hurricane Helene!  Relief assistance is limited to a maximum of $1,000 per household. Click on link below to access the application. Deadline to submit application with expenses is December 31, 2024.

 

Even a mortgage free property owner can qualify for the $1,000.  If the homeowner does not have a mortgage, they will need to submit a copy of their deed or tax bill in their name with the application.

 

Application for Disaster Relief Assistance

 

SCR Offering More Educational Opportunities in 2025

SCR is continuing its partnership with Central Carolina REALTORS® to offer additional opportunities to take free virtual education courses in 2025!

 

ABR: January 28-29 (Two-day course)

PSA: February 11

SRS: March 11-12 (Two-day course)

RENE: April 8-9 (Two-day course)

 

SCR's Advocacy Conference - February 4-5

Gear up to join fellow REALTORS® in Columbia, SC on February 4-5, 2025 as they hit the accelerator to safeguard the American Dream of Homeownership for generations to come with SCR's Capitol Conference, Accelerate.  

 

NAR NXT Conference Report

NAR President Sears from NAR NXT

Click here to watch NAR President's Kevin Sears: On the Road Update from NAR NXT in Boston.

 

NAR Board of Directors Meeting Update

Click here to view the approved actions by the NAR Board of Directors at the NAR NXT Conference in Boston.

 

NAR Chief Economist Yun's Real Estate & Economic Outlook

Chief Economist Lawrence Yun's Residential and Commercial  slide presentations at the 2024 NAR NXT in Boston.

 

NAR Settlement: Get the Facts

Member, broker, and consumer resources and updates on NAR's settlement agreement related to broker commission. facts.realtor

 

NAR's 2024 Profile of Home Buyers and Sellers

For most home buyers, the purchase of real estate is one of the largest financial transactions they will make.  Click here to view some of the highlights provided in NAR's recent home buyers annual survey!

 
This email was sent on behalf of {{TCDisplayName}} located at {{TCADDRAddress1}}{{TCADDRAddress2}}{{TCADDRCity}}{{TCADDRStateProvince}} {{TCADDRPostalCode}}To unsubscribe click here. If you have questions or comments concerning this email contact {{TCDisplayName}} at {{TCEmailAddress}}.