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How to make an offer on a house in NC?

In North Carolina a typical offer to purchase will require both a due diligence payment made direct to the seller and an earnest money deposit to be held in a trust account. Show the seller you are well prepared for the purchase and that you have funds at the ready.

Which of the following people would be required to have a current active real estate license in the state of North Carolina?

Who is required to have a real estate license in NC? Any person or business entity who engages in brokerage must have a real estate license. See GS 93A-1 and GS 93A-2 for rules exceptions.

Which type of analysis performed by a North Carolina property manager includes a look at the properties within the market area that will be competing for tenants?

Competitive analysis includes a look at the properties within the market area that will be competing for tenants. Keep in mind that the competitive analysis focuses on sizing up the competition.

What does the North Carolina Residential property Disclosure Act not require?

Final answer: Under the North Carolina Residential Property Disclosure Act, sellers must disclose material defects and environmental hazards, but not the propertys purchase price history (option a).

Which of the following information about a property must be included in a listing agreement?

Elements to include in a listing agreement. The period in which the property will be listed for sale. The listing price of the property. The type of listing agreement being entered into. The terms of commission, or how the agent will be paid once the property is sold.

Is an offer to purchase the same as a contract?

An offer is a written proposal to buy a property with conditions baked in. The buyers agent helps to write it up and delivers it to the sellers agent. Purchase agreements are an actual agreement between the buyer and the seller also sometimes called a real estate contract.

Which of the following is required in North Carolinas standard form 2 T to sufficiently identify and distinguish the property from others?

Under the Property provision of the Offer to Purchase and Contract, Standard Form 2-T, the legal description is required to sufficiently identify and distinguish the property from others.

What is a standard form 2T in NC?

This form will express the terms of the purchase (purchase price, closing date, etc.) that you are proposing to the seller. The most common residential offer form in North Carolina is the Offer to Purchase and Contract (Form No. 2-T), jointly approved by the N.C. Bar Association and NC REALTORS.

Nc offer to purchase and contract form 2 t 2022-2025

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