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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.
How to Write Killer Listing Descriptions
Make your listings stand out by utilizing these suggestions from real estate gurus.
Are escalation clauses legal?
QUESTION: I’ve heard people talk about escalation clauses but now I’ve received an Offer to Purchase and Contract on a hot listing of mine that has an escalation clause addendum attached to it and I don’t know what to do. What is an escalation clause exactly? Are they even legal? What should I tell my…Escalation Addenda and Sharing Competing Offers
QUESTION: Escalation addenda are everywhere right now! The forms I’ve seen have some small differences, but one thing they all demand is that the seller provide a copy of the highest competing offer to the successful buyer in order to show that the final purchase price is justified. As a listing agent, can I share…Model Office Policy Manual Updated
Changes were made to the NC REALTORS® Model Office Policy Manual. Update your copy of the Manual today!
Can I advertise a room as a bedroom even though it does not have a closet?
QUESTION: I am in the process of listing a home for a new client. The home includes a new addition with an upstairs room that my clients are using as a bedroom even though it does not have a closet. Can I include that room as a bedroom when I list the property in the…Does a natural disaster affect parties’ rights under a contract?
QUESTION: I represent a seller who is under contract using the Offer to Purchase and Contract (Form 2-T). The property is located in an area that has suffered severe flooding in the wake of Hurricane Florence. Fortunately, the property escaped any damage. The Settlement Date was early in the week before the Hurricane made landfall,…Disclosing information about offers received in a multiple offer situation
QUESTION: I represent both sellers and buyers in an extremely competitive market. It’s common for a listing agent to get many offers on a listing, and buyers and their clients are frequently very frustrated when they lose out multiple times on getting a property under contract. As a professional courtesy, I'd like to provide feedback…April 2023 NC Housing Report
April 2023 NC Housing Report - While inventory increased over March, it continues to be lower than last year.July 2023 – Summary of July 2023 Property Management Forms Changes
The following property management forms have been revised effective July 1, 2023. 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.Brilliant Steps to Defuse Arguments with Clients
Learn the right scripts and attitudes to positively resolve disputes with clients.
The Truth About Cats, Dogs & Assistance Animals
Confused about your responsibilities related to assistance animals and emotional support animals? Read on.
The Duty of Good Faith and Fair Dealing
Learn about a recent piece of litigation that the NC REALTORS® Legal Action Committee heard about and agreed to support, which ultimately resulted in a very important decision for REALTORS® across North Carolina.