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July 2023 – Summary of July 2023 Residential Forms Changes

The following residential 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.

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.

COVID-19 Q&A

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

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…

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.

July 2022 – Summary of July 2022 Commercial Forms Changes

The following commercial 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.

Six Ways to Master Real Estate Success

Establish good habits for improving business and developing stronger connections with those in and out of the real estate industry.

July 2021 – Summary of July 2021 Commercial Forms Changes

Summary of July 2021 Commercial Forms Changes

What are the buyer’s options when the seller replaces the front door with a less expensive door?

QUESTION: Some ne'er-do-well broke the front door of the home my client is purchasing a few weeks ago during the Due Diligence Period. The seller agreed to replace the door and signed a Due Diligence Request and Agreement (Form 310-T) to that effect. The listing agent sent me a copy of the receipt and insurance…

The Power of Reviews

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

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.

Is it ethical to offer incentives to prospective buyer and seller clients?

QUESTION: We recently came across a flyer where another REALTOR® is offering an incentive that reads as follows: “In representing you as a seller’s agent or your buyer’s agent, I’m offering a $500 cash gift at closing.” I have an agent who is interested in making a similar offer to prospective buyer and seller clients,…

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.

Legal Quiz (November 2022)

Get the answers to the Legal Hotline’s latest inquiries.

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.

Who should sign the Additional Signatures Addendum?

QUESTION: I have a listing on property owned by three brothers and their wives. We recently received an offer on that property and my clients want to accept it. Form 2-T has two signature lines for sellers to sign and two of the brothers have signed on those lines. In addition, I checked the box…

Using buyer agency agreement for buying multiple properties of different types

QUESTION: I want to work as a buyer agent with an investor who is interested in purchasing multiple properties, both residential and commercial. Will the Exclusive Buyer Agency Agreement (form 201) work for this purpose? ANSWER: Yes, but since you anticipate the buyer purchasing multiple properties, you'll need to make a slight modification to the…