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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.

Buncombe County Planning Board postpones vote on short-term rental restrictions for 100 days

About 100 people waited anxiously for the Buncombe County Planning Board to take a much-anticipated vote on Monday about regulations for new short-term rentals such as those found on websites like Airbnb and VRBO. They will have to wait at least another 100 days as the board voted to postpone consideration of the hotly-debated rules.

Guidelines for completing the new dual agency paragraph in the listing agreement

QUESTION: I have been reviewing the newly-released version of the Exclusive Right to Sell Listing Agreement (Form 101), and I see that paragraph 17, which covers dual agency, has a number of changes. Why were the changes made? And what suggestions do you have about how listing agents should go over that paragraph when they…

Marine Turned REALTOR® Still Fighting for All Americans

For a half century, Steve Amos has been a Fair Housing champion in both Nebraska and Iowa.

July 2022 – Summary of July 2022 Residential Forms Changes

The following residential forms have been revised effective July 1, 2022. A summary of the significant changes to each form is included. A marked-up copy of each form showing the exact changes may be viewed by clicking on the name of the form.

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.

100 Years of Legislative Highlights

Many victories have occurred because of advocates, change-agents and thought-leaders reaching back a century and shaping our industry.

North Carolina REALTORS® Unite to Support Housing During COVID-19

Today, NC REALTORS® and the NC REALTORS® Housing Foundation announced a contribution of $200,000 to the North Carolina Housing Coalition in support of their work to assist those in need of mortgage and rental relief assistance as a result of COVID-19.

Is a free-standing stove a fixture that will convey with the property?

QUESTION:  I represent buyers who have a property under contract. The parties used the standard Offer to Purchase and Contract (Standard Form 2-T). In paragraph 2(d), where the parties are given an opportunity to list any items that are not owned by the sellers, and therefore will not convey, the word "none" was inserted. In…

Legal Hotline

Don’t waste your time stressing over forms, disclosure or landlord/tenant law. NC REALTORS® have free, unlimited access to the NC REALTORS® Legal Hotline.

If an agency agreement is set to expire while a property is under contract, does it need to be extended?

QUESTION: Many of my pending transactions are being extended due to the COVID-19 outbreak. As a result, some of my agency agreements on Standard Forms 101 and 201 are set to expire prior to the new settlement dates agreed to by the parties. If one of my agency agreements is going to expire during a…

Am I required to terminate a listing at the seller’s request?

QUESTION: The seller on one of my listings recently called to tell me that although I’ve been doing a fine job, he needed to terminate the listing. When I asked him why, he told me that his favorite niece has just gotten her real estate broker’s license and he wants to give the listing to…

“Fixtures” Paragraph and Garage Door Openers

QUESTION:  I represent a buyer. Prior to submitting an offer on the Offer to Purchase and Contract (form 2-T), we wrote the words “NONE EXCEPTED” in the blank space in paragraph 2(e). When the seller returned the signed contract, he did not cross out any of the items listed in paragraph 2(b) or modify the…

Should You Be Feeling Good or Bad About the New Tax Act?

The Tax Cut and Jobs Act of 2017 could affect your current tax liability and your future retirement. Here’s how.

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®.

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…

Core Standards Turning the Tide to Civility

Learn more about The Public Square©, a national forum to place REALTORS® at the center of community conversation.

Legal & Ethics

Find Legal & Ethics resources for North Carolina REALTORS, including Forms and Contracts, Risk Management tools, and Legal Advice.