State lifts ban on real estate rebates

South Carolina has lifted a short-lived ban on consumer rebates and incentives in real estate services, freeing up real estate professionals to offer these types of inducements to home buyers and sellers.

The South Carolina Association of Realtors had been working to lift the ban since it was passed in 2004, according to Nick Kremydas, CEO of the trade association. Kremydas said the ban on rebates was an accidental byproduct of a poorly worded law provision that passed in 2004.

The U.S.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.