Nc real estate confirmation of compensation 2025

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The document outlines the guidelines for real estate agents in North Carolina regarding the disclosure of compensation received from third parties during sales transactions, as mandated by rule 58A.0109(c). It specifies when and how agents must disclose such compensation to their clients, including details about its value and the identity of the payer. The document provides examples illustrating situations that require disclosure and those that do not, emphasizing the importance of timely communication and written confirmation of disclosures.
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How Do Real Estate Agents Get Paid? Home Sale Price6% Real Estate Commission50% to Listing Agent Brokerage 50% to Buyers Agent Brokerage $500,000 $30,000 $15,000 to each $400,000 $24,000 $12,000 to each $300,000 $18,000 $9,000 to each $100,000 $6,000 $3,000 to each1 more row
A compensation agreement is a formal document outlining the terms of payment and benefits provided to an employee in exchange for their work. It typically includes details such as salary, bonuses, stock options, health benefits and retirement plans.
The exclusive compensation agreements prohibit the buyers from working with other real estate agents or brokers. It will also include that the compensation broker or the agent will get is negotiable. The exclusive agreement will give the listing agents significant control over the entire transaction for the property.
Real Estate Commission Rule A. 0116(b)(4) states that brokers may accept custody of a check made payable to a seller as payment of a due diligence fee but only for the purpose of delivering the check to the seller.
Lets break down what this means and why its actually a good thing for you. First off, what is a Buyers Agent Compensation Agreement? In simple terms, its a document that outlines how your agent will be paid for their services. You might be thinking, Wait, I have to pay my agent now? Well, not necessarily.

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If you decide to offer compensation, it means the commission due to the buyers agent will be paid by you from the funds received for your home. This approach often results in a smoother transaction and makes your property more appealing to buyers who prefer not to pay the agents commission out of pocket.
(1) Making any willful or negligent misrepresentation or any willful or negligent omission of material fact. (2) Making any false promises of a character likely to influence, persuade, or induce. (3) Pursuing a course of misrepresentation or making of false promises through agents, advertising or otherwise.
Typically, comps also come from the same area and the same, recent time period. For example, if youre trying to compare a two-bedroom, one-bathroom house, your comps would include other two-bed, one-bath houses in your neighborhood that have sold over the past several months.

Related links

21 N.C. Admin. Code 58A .0104 - AGENCY AGREEMENTS

(a) Every agreement for brokerage services in a real estate transaction and every agreement for services connected with the management of a property owners

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Disclosing Compensation When, Why and How

The NCAR standard form listing agreement provides a place to disclose to the seller principal the listing brokers (firms) compensation. BUYER AGENT

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