BIC Tip #1064: Practice Safe Contracts
When it comes to real estate transactions, oral promises don’t hold up in North Carolina. This is especially true when it comes to post-closing repairs.
When it comes to real estate transactions, oral promises don’t hold up in North Carolina. This is especially true when it comes to post-closing repairs.
n North Carolina, the rules for handling real estate compensation are crystal clear — all money must flow through the firm. This requirement is not just a technicality; it’s a cornerstone of compliance that protects both…
Repairs are one of the most common points of confusion in a real estate transaction. As a broker, it’s critical to understand how North Carolina contracts treat repairs — and when they’re binding versus optional.
When clients are deciding where to buy or rent, one of the most common questions they ask is: “How safe is this neighborhood?” While it’s a natural concern, brokers in North Carolina must be very careful in how they resp…
In North Carolina real estate, clear agreements are critical — especially when it comes to referral fees. The Builder Referral Form (Form 731) was created for situations where a licensed real estate broker refers a buyer…
Real estate brokers across North Carolina should take note: Canopy MLS has approved important updates to the Clear Cooperation Policy (CCP) that will go into effect starting in Q1 of 2026. These changes introduce two new…
As a REALTOR®, one of your most important responsibilities is ensuring compliance with the National Association of REALTORS® (NAR) Clear Cooperation Policy (CCP). This rule was created to promote fairness and transparenc…
In North Carolina, one of the most important duties of a real estate broker is the obligation to disclose all material facts. This duty is non-negotiable, and failure to comply can put your license — and your clients’ tr…
When it comes to North Carolina real estate, buyers often focus on what they can and can’t do during the due diligence period. But sellers also have important rights under the Offer to Purchase and Contract (Form 2-T) — …
In North Carolina, buyers and sellers often circle a date on the calendar and call it “Closing Day.” But here’s the truth: in our state, the closing date listed in the contract is a target date, not a guaranteed deadline…
Buying real estate in North Carolina comes with unique rules and procedures that every buyer should understand. One of the most important — and often most misunderstood — is the Due Diligence Fee.
North Carolina’s Offer to Purchase and Contract (Form 2-T) looks simple on the surface, yet a few core terms decide expectations, timelines, money movement, and remedies. If your brokers can explain these clearly on day …