In North Carolina, the Offer to Purchase and Contract (Form 2-T) is designed to create clarity, set expectations, and protect all parties involved. However, confusion frequently arises when buyers want repairs completed …
What Every Broker and Broker-in-Charge Must Know
Artificial Intelligence is transforming the way real estate professionals work. From marketing and analytics to education and client communication, AI tools can help brokers save time and improve efficiency. But as power…
When a buyer decides not to move forward with a real-estate purchase in North Carolina, there are two commonly confused forms: Form 350 (Notice to Buyer That Seller Is Exercising Right to Terminate) and Form 390 (Termina…
When a real-estate offer becomes a contract, two important—but very different—dates come into play: the execution date and the effective date.
They are often confused, yet understanding the difference is essential for ev…
When reviewing an Offer to Purchase and Contract (Form 2-T) in North Carolina, many brokers and even buyers misunderstand the “Financing” portion of the document. It is easy to assume that the terms written in that secti…
Escalation clauses continue to surface in competitive multiple-offer markets, and many buyers believe they provide an advantage. However, as brokers, it is critical to educate your agents and clients that escalation clau…
Protect Your Clients by Checking All Statuses and Remarks
BIC TIP #1089 — Teaching Clients How To Treat You
BIC TIP #1088 — Proposed NCREC Rule Change: Eliminating Marketing as a Requirement to Be a BIC
One-agent dual agency occurs when a single licensee represents both buyer and seller in the same transaction. In North Carolina this arrangement is currently permitted only with the informed, written consent of both part…
When it comes to protecting consumers in real estate, one of the most overlooked—but potentially devastating—issues is fire and flood damage. As brokers, it is our duty to ensure our clients know how to recognize risk, a…
