Agreement General Form With 2 Points In North Carolina
Description
Form popularity
FAQ
In order to have a valid contract in North Carolina, there must be an offer, an acceptance, along with consideration. The parties must also have the capacity to enter into the contract.
One condition that does not apply in converting a mobile home into real property is the need for a permanent foundation.
Which of the following actions is NOT required to convert manufactured housing to real property in North Carolina? Attach the housing to a temporary foundation on property the owner is leasing.
Section 105-273(13) of North Carolina's General Statutes says that in order for a manufactured home to become real property, it must: (1) be a residential structure; (2) have the moving hitch, wheels, and axles removed; and (3) be “placed upon a permanent foundation either on land owned by the owner of the manufactured ...
Real property can become personal property by removing it or severing it from the real property. An example of this might be removing an attached deck; the wood is now personal property. Personal property can become real property by attaching it.
Dual agency is legal in North Carolina as long as both parties (e.g., seller and buyer) have provided written authority for the agent to represent both parties in the transaction.
Dual agency occurs when a real estate agent or broker represents both the buyer and the seller in the same transaction. While this practice is legal in North Carolina, it comes with a set of legal considerations that both real estate professionals and clients should be aware of to ensure a fair and transparent process.
Dual agency is illegal in the following eight states: Wyoming, Alaska, Vermont, Colorado, Flroida, Maryland, Texas, and Kansas. All the other states and the District of Columbia, permit dual agency.
Yes, wholesaling is legal in North Carolina.
Consequently, it is now legal for a PB to be affiliated with two BICs of two licensed firms, as long as the firms are affiliated and located in the same physical location. In such case, BOTH BICs will share responsibility for supervision of the dually-affiliated PB.
