North Carolina brokers must understand that referrals plus financial benefit equals mandatory disclosure. BIC TIP #1118 is rooted squarely in NCREC Rule .0109(b), and it applies far more broadly than many brokers realiz…
Protection periods are often misunderstood, and BIC TIP #1117 is the reminder brokers need when emotions start driving expectations instead of the contract language.
Under Form 2-T, when a buyer breaches the contract, the seller’s remedy is limited. Specifically, the seller is only entitled to liquidated damages equal to the Earnest Money Deposit (EMD) and the Due Diligence Fee. No a…
Reposting photos, videos, or marketing content from another firm’s listing without permission is a violation of REALTOR® Code of Ethics Article 12, even when credit is clearly given to the listing firm. Attribution alone…
Under the updated North Carolina Offer to Purchase and Contract, vacant properties come with a clear expectation: if utilities are off, it is the seller’s responsibility to have them turned on unless the parties agree o…
In North Carolina real estate transactions, determining whether an issue remains a material fact requires more than assumption or assurance. If a prior issue was fully repaired and a broker can reasonably verify that bot…
The length of an agency agreement is not just a formality. It directly affects a broker’s legal authority to provide brokerage services.
North Carolina brokers love a good long weekend, but Form 2-T does not share that sentiment. Under Standard Form 2-T, “days” means consecutive calendar days—including Saturdays, Sundays, and every holiday from New Year’s…
Form 2-T gives us many answers, but when it comes to pools, it historically left one big question floating: Who pays to de-winterize and re-winterize the pool for inspections? To stop the splashing over this issue, the N…
Paragraph 8(h) of the Offer to Purchase and Contract often causes confusion, but its application is actually straightforward. The provision only becomes effective if the seller has failed to disclose any known or suspect…
Real estate brokers love a smooth closing, but let us face it: not every contract makes it to the finish line. Some glide gracefully into Settlement, and others skid sideways into the ditch. When a Buyer decides to termi…
Every profession has its pet peeves, and real estate is no different. Today’s tip is a friendly reminder about two common language mistakes that are easy to fix and worth correcting.
