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Working with Real Estate Agents in North Carolina
When we meet for the first time, I will review the document on this page with you and ask that you sign acknowledging you understand the agency relationship in the State of North Carolina. I encourage you to print and review this document before we meet and let me know of any questions you might have. The signing of this mandatory document does not indicate a contract of any kind. It simply acknowledges you are aware of and understand the agency relationship.
Effective July 1, 2001, in every real estate sales transaction, a real estate agent shall, at first substantial contact directly with a prospective buyer or seller, provide the prospective buyer or seller with the following information [NC Real Estate Commission Rule 21 NCAC 58A.0104(c)].
When buying or selling real estate, you may find it helpful to have a real estate agent assist you. Real estate agents can provide many useful services and work with you in different ways. In some real estate transactions, the agents work for the seller. In others, the seller and buyer may each have agents. And sometimes the same agents work for both the buyer and the seller. It is important for you to know whether an agent is working for you as your agent or simply working with you while acting as an agent of the other party.
This brochure addresses the various types of working relationships that may be available to you. It should help you decide which relationship you want to have with a real estate agent. It will also give you useful information about the various services real estate agents can provide buyers and sellers, and it will help explain how real estate agents are paid.
Working with Real Estate Agents in North Carolina
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Today's Rates:
| 30-yr Fixed | 3.87% | 4% | | 15-yr Fixed | 3.16% | 3.33% | | 1-yr Adj | 2.84% | 3.52% |
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