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Proper Use of REALTOR® Marks on the Internet

Q: I am a real estate agent and a REALTOR®. I have created my own Web page - ncsbestrealtor.com is the domain name and sunnyncrealtor@webnet.net is my e-mail  address. Are these proper uses of the term REALTOR® over the Internet? A: No. You must always use the REALTOR® marks in accordance with the rules and…

Can a listing agent offer compensation expressed as a percentage of the net sales price?

QUESTION: One of my clients contacted me and expressed interest in seeing a property that is listed in the MLS. When I checked the listing, I noticed that the listing agent is offering compensation based on the net sales price rather than the gross sales price. Is that practice permitted? ANSWER: The answer depends on…

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…

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Do spouses both have to sign a contract to purchase real property?

QUESTION:  An agent in our firm prepared an Offer to Purchase and Contract (Form 2-T) in which his clients—a husband and wife—were identified as the buyers. The husband signed the offer but his wife was traveling and was not available to sign the offer at that time. The husband was afraid the property would go…

Should a non-owner spouse sign a listing agreement?

QUESTION: I have been asked to list a piece of residential property. The home was purchased by the husband before he was married and the property is titled in his name alone.  However, the husband and wife have lived in the home for many years. Does the wife need to sign the listing agreement? I…

Can brokers advertise a “Free Home Valuation”?

QUESTION: I am a broker-in-charge. Recently, I met with some appraisers who expressed concerns about a service that is being offered on the websites of several brokers in my firm. These websites include a link that says "What is your home worth?" or "Free Home Valuation". If a user clicks on the link, the user…

What makes the right to occupy a property for a period of time a time share?

QUESTION: I am a broker in a resort market. I have been working with a couple who really want a vacation home here but can’t quite afford to buy a place on their own. They have come up with the idea of getting an option on a place they have their eyes on, and then…

NC REALTORS® join Attorney General to announce drug diversion guidelines for real estate professionals

New guidelines unveiled for real estate professionals to address problems resulting from the rising opioid epidemic

Real Estate Alert! Gale Force Demographic Wind Gusts Ahead

Seven powerful demographic disruptors can potentially quell future growth and demand for residential and commercial real estate.

REALTOR® Roundtable: Does a house really need a fireplace?

May 2018 Insight: NC REALTORS® weigh in on Facebook

Champagne Wishes and Caviar Dreams

What’s trending in multimillion-dollar listings across the country and how to lead buyers and sellers at this price point.

NC REALTORS® Partners with NC Attorney General to combat opioid crisis

Learn more about NC REALTORS®’ partnership with North Carolina Attorney General Josh Stein

Creating the Best Virtual Tours

Discover how 3D virtual tours and virtual open houses can help you reach more clients

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FAQs

When do Additional Improvements have to be finished under the New Construction Addendum?

QUESTION: My client is under contract with a builder-seller for a spec home. We attached Form 2A3-T (New Construction Addendum) to the contract, because the builder agreed to install large custom cabinets in the living room, among other Additional Improvements. My client paid a substantial Due Diligence Fee so the builder could buy supplies for…

Real Estate Commission’s Conflict of Interest Rules

QUESTION: Does the North Carolina Real Estate Commission have any rules that regulate transactions where a broker has a conflict of interest> If so, what do I need to  know? ANSWER: In 2014, the North Carolina Real Estate adopted two significant changes to its rule on Agency Agreements and Disclosure - Commission Rule .0104. Two…

Can my buyer-client buy a property listed by one of my provisional brokers?

QUESTION: I am the broker-in-charge of a small firm. There are four other brokers in my firm, one of whom is a provisional broker. The provisional broker has a home listed for sale  and the seller agreed to dual agency in the listing agreement. I have some buyer clients that are interested in looking at…

NAR releases 2021 Commercial Real Estate International Business Trends Report

On  March 31 the 2021 Commercial Real Estate International Business Trends report from NAR was released. It discusses the trends in foreign buyer purchases of U.S. commercial real estate in 2020 in the “small commercial real estate market” (sales of below $2.5 million) and in the “large commercial real estate market” (sales of $2.5 million…

Treatment of Detached Workshop Under Square Footage Guidelines

QUESTION: I am listing a property for sale that includes a home and a detached garage. The garage can be accessed from the home by a covered breezeway. The garage  includes an area that is heated and air conditioned and has finished walls. The owner currently uses that area as a workshop. The owner wants…