BIC TIPS

One paragraph. One sentence in bold. And more blown-up deals and post-closing fights than almost anything else in the contract.
Meet Paragraph 4(h) of the Offer to Purchase and Contract.

Estate sales sound simple until they are not. One of the most common disclosure failures I see involves probate property and upset bids, and it usually starts with a dangerous phrase: “We are under contract.”

In today’s social-media-driven market, it is tempting to share everything that looks good, shiny, or clickable. Another firm’s listing photos. A slick video walkthrough. A “Coming Soon” post you saw in the MLS. After all…

Electronic delivery of Due Diligence fees is permitted in North Carolina, but convenience does not replace compliance. Venmo, PayPal, Zelle, ACH transfers, and wires can all be used only if the parties agree and the brok…

In North Carolina real estate, unpermitted space is not automatically illegal, but it is always material. The most common culprits are finished basements, bonus rooms over garages, garage conversions, attic finishes, and…

Lockboxes make real estate efficient. They also create risk when they are misused.

When a property is on a septic system, there is only one document that controls the legal number of bedrooms: the septic permit.

Encroachments are one of those issues brokers sometimes notice but hope will “work themselves out.” That is a mistake.

If there is one complaint that never goes out of style in real estate, it is this:
“My agent never kept me informed.”

Marketing compliance in North Carolina is not optional, and it is not cosmetic. Under North Carolina Real Estate License Law and Commission rules, your licensed firm name must be conspicuous on all marketing—every time, …

Co-listing between brokerage firms is permitted, but it must be approached with caution and careful documentation. Each firm may enter into its own Exclusive Right to Sell Listing Agreement (Form 101) with the seller; ho…

Hosting or participating in an open house for a listing held by another brokerage is not a simple courtesy—it carries real agency and liability consequences that brokers must understand.