Dishin' Dirt on the New and Revised CCRA Sales Contract

The Central Carolina REALTORs Association has amended its' sales contract. The contract that will go live near the end of September 2025 and includes new provisions on agent compensation, seller transaction costs, authority to sign and home warranties.

Finally, compensation is in the contract where it should have been the past year. Hopefully this will stop the numerous problems in how agents document compensation. Check out this week's episode to learn the changes and what the changes mean to you and your clients.

Takeaways

The CCRA contract is highly regarded for its thoroughness.
Changes to the contract are made with careful consideration.
Home warranty fees can create potential conflicts of interest.
The commission structure has undergone significant changes.
Real estate agents must ensure clarity in compensation agreements.
Legal authority to sign contracts is crucial for compliance.
Mediation provisions have been removed from the contract.
A new general addendum has been introduced for flexibility.
Understanding transaction costs is essential for agents.
Communication about contract changes is vital for all agents.

Chapters

00:00 Introduction to CCRA Contract Changes
05:03 Overview of Contract Committee Efforts
10:54 Significant Changes in Compensation Structure
20:45 Understanding Commission and Fiduciary Duties
31:00 Final Thoughts on Mediation and New Addendum


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Gary

Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.