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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.

2020 NC General Assembly Short Session Summary

During this historically short session, the General Assembly passed legislation dealing with COVID relief efforts, NC Department of Transportation funding and governance, Medicaid’s transition to managed care.

Responsibility for Special Assessments

QUESTION:  I represent a buyer in a transaction that is under contract using the Offer to Purchase and Contract (Form 2-T). In the Residential Property and Owners’ Association Disclosure Statement, the seller disclosed the existence of what the seller characterized as a "proposed" special assessment relating to a county water and sewer project in the…

Education

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

Who pays special assessments, the buyer or seller?

QUESTION: I have a listing under contract using the Offer to Purchase and Contract (Form 2-T).  The buyer’s agent has informed me he has just discovered that the owners’ association imposed a $2,500.00 special assessment on each owner several months ago.  It’s payable in installments of $500.00 over a period of five years.  The seller…

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.

July 2021 – Summary of July 2021 Residential Forms Changes

The following residential forms have been revised effective July 1, 2021.  A summary of the significant changes to each form follows the list. A marked-up copy of each form showing the exact changes may be viewed by clicking on the name of the form immediately preceding the summary of the forms. Jointly-Approved Forms (approved by…

MOOCs: The Future of Education

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

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®.

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.

Is the buyer obligated to buy the property even if they can’t get a loan?

QUESTION: In the updated Offer to Purchase and Contract (Form 2-T), there is a new “Note” under paragraph 4(a) that says: “NOTE: Buyer’s obligation to purchase the Property is not contingent on obtaining a Loan. Therefore, Buyer is advised to consult with Buyer’s lender prior to signing this offer to assure that the Due Diligence…

COVID-19 Q&A

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

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.

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…

Stuck in the Middle?

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