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A NC Protection Agreement, also known as a North Carolina Offer to Purchase and Contract, is a legal document that outlines the terms and conditions of a real estate transaction.
The purpose of an agency agreement is to set out the terms and conditions of the relationship between the principle and the agent. It is important that the principal and agent have clear written commercial terms agreed so that both parties know what to expect from their deal.
Yes, in North Carolina brokers may not undertake to provide any brokerage services without an agency agreement.
Key takeaways. It is possible to buy a home without a real estate agent, but the vast majority of homebuyers do work with one. Buyers who go it alone may save some money in commissions. However, there are serious downsides and risks to consider.
An agency agreement is a legal contract creating a fiduciary relationship whereby the first party (the principal) agrees that the actions of a second party (the agent) binds the principal to later agreements made by the agent as if the principal had himself personally made the later agreements.

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What states currently require buyer representation/agency agreements? Alaska. Arkansas. Georgia. Idaho. Maryland. Minnesota. Missouri. Nebraska.

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