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EFFECT OF AGREEMENT. By employing Firm as Buyer's exclusive agent, Buyer agrees to conduct all negotiations for such property through Firm, and to refer to Firm all inquiries received in any form from other real estate firms, prospective sellers or any other source, during the time this Agreement is in effect.
The Residential Property Disclosure Act, codified as North Carolina G.S. 47E, requires the seller of residential real estate (one to four dwelling units) to complete a form?known formally as the Residential Property and Owners' Association Disclosure Statement?disclosing conditions and defects with the property.
NC Real Estate Disclosure law mandates that sellers identify and disclose any known defects in their property before a purchase contract is signed. The purpose of this is to ensure that buyers are not surprised by a problem in the home and to defend the sellers from legal proceedings.
Pursuant to (21 NCAC 53 . 0204), Counselors in North Carolina are mandated to provide a Professional Disclosure Statement ?to each client prior to the performance of clinical mental health counseling services.
All written agency agreements must specify a definite termination date of the agency relationship. Includes a agency disclosure, the name of all parties to the contract, terms of the listing agreements, description of the property, listing price, brokerage fee, protection.