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NC REALTORS® COVID-19 STATUS UPDATES

In light of the current situation, it is important that we provide you with updates on the goings-on in the state’s real estate industry. So, we created the STATUS UPDATE page that we will launch every time we feel that it is necessary to get you important information.

The Power of Reviews

Building and managing your online reputation is essential to the growth and livelihood of your business.

Delivery of Due Diligence Fee by Effective Date of contract

QUESTION: In paragraph 1(d) of the new version of the Offer to Purchase and Contract (form 2-T), it states that the Due Diligence Fee has to be made payable and delivered  to the seller by the Effective Date, whereas before it just said it had to be payable to the seller by the Effective Date.…

Proper Handling of Earnest Money Deposits Payable to Third Party Escrow Agents

QUESTION: I have noticed that many smaller firms no longer have trust accounts to hold their clients' earnest money deposits. Many of the offers I have received recently  name an attorney as the "Escrow Agent" in paragraph 1(f) of the Offer to Purchase and Contract (form 2-T). What are my responsibilities as listing agent to…

Professional Standards Administrators

Enforcement of the Code of Ethics is a privilege and responsibility of each Board and Association as established in Article IV of the Bylaws of the National Association of REALTORS®.

MOOCs: The Future of Education

May 2018 Insight: Take a class from your couch for a low monthly fee.

Flood Insurance Extension Update

NAR is working to avoid a lapse of the National Flood Insurance Program (NFIP) while Congress continues to negotiate over a long-term reauthorization and reform measure.

COVID-19 Q&A

Answers to questions from members across the state regarding the COVID-19 pandemic.

What should a seller do if the buyer delays in delivering the Due Diligence Fee?

QUESTION: I’ve recently had a couple of instances where my listing has gone under contract, there has been a delay in the delivery of the Due Diligence Fee (“DDF”), and  the buyer backs out and refuses to pay the DDF. Can I hold on to the signed contract until the DDF is paid to prevent…

Graduate, REALTOR® Institute (GRI)

The North Carolina Graduate, REALTOR® Institute (GRI) curriculum consists of 60 Hours (13 courses) that each student must complete successfully in order to earn the prestigious designation.

Education

NC REALTORS membership offers education opportunites and tools like leadership development workshops, courses, seminars, networking events.

Do Not Call Rules Update

The Federal Trade Commission and the Federal Communications Commission recently adopted rules regulating telemarketing. These rules established a national Do Not Call registry, which is a database that contains the telephone numbers of people who do not want to receive telephone sales solicitations. This update includes a summary of the latest developments on the Do…

Effect of non-delivery of termination form before end of Due Diligence Period

QUESTION: At 4:58 p.m. on the last day of the Due Diligence Period, an agent representing a buyer under contract using the Offer to Purchase and Contract (form 2-T) sent the following email to the agent in our firm handling the listing: “My clients do not wish to move forward in the purchase of the property.…

How can I keep the identity of my client a secret?

QUESTION: I am working with an out-of-state client who has for many years specialized in the business of manufacturing and delivering Christmas presents. His operation has recently come under an existential threat from a competitor that has been moving aggressively into the one-day delivery business, and he is looking to buy or lease warehouse space…

Stuck in the Middle?

A song, a TV show, but no way to deal with NPPI.

Online CE Courses

We are now offering a mix of in-person and virtual courses. A computer, laptop, or tablet may be used to access the virtual courses.

Diversity, Equity, & Inclusion

Piece by piece, we’re working together to create a beautiful and more complete picture of what diversity and inclusion can do for the real estate industry, our communities in North Carolina and across the globe. We’re highlighting the diversity of our members, showcasing our commitment to the REALTOR® Code of Ethics, encouraging discussions on diversity and inclusion in our communities and working together to be ambassadors of social change.

Podcasts are Heating Up

This fast-growing technology can benefit your business.

Is an Additional EMD due by any particular time of day?

QUESTION: I'm representing a seller who has a property under contract using the Offer to Purchase and Contract (form 2-T). The contract calls for the payment of an Additional Earnest Money Deposit. I know that time is "of the essence" regarding delivery of the Additional EMD. There's a date in the blank but no time…