RAFT (REALTOR® Assistance fund trust) is a trust fund, managed by the Coastal Carolinas Association of REALTORS® through the Waccamaw Community foundation. The sole purpose is to provide financial assistance to REALTORS®, Affiliates and their immediate families who face financial hardship due to serious or catastrophic illness.
RAFT is funded by monetary donations, gifts and transfers from general CCAR funds, event fund-raisers, proceeds from the Mark Sloan Memorial Cancer Golf tournament, and interest from proceeds from Real Estate, lender or other escrow funds.
Brokers in charge can establish a brokerage trust account to contribute to RAFT? Simply ask the parties to consent to interest being earned when they sign the SCR form 310 (residential purchase agreement. In order to set this up for your brokerage please contact Heather Tenney at (843) 839-8082, Email Heather