North Carolina Sale and Servicing Agreement
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How to fill out Sale And Servicing Agreement?
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FAQ
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.
Services in North Carolina are generally not taxable, with important exceptions. If the service you provide includes creating or manufacturing a product, you may have to deal with the sales tax on products. Some counties also consider a limited number of services (such as laundry and dry cleaning) taxable.
? An agreement, whether denominated a "contract for deed," "installment land contract," "land contract," "bond for title," or any other title or description in which the seller agrees to sell an interest in property to the purchaser and the purchaser agrees to pay the purchase price in five or more payments exclusive ...
North Carolina must be in writing. Since only written offers may become binding contracts, your offer should be in writing and signed.
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®.
The offer and acceptance form the agreement between the parties. The offer must be communicated, it must be complete and the offer must be accepted in its exact terms. Mutuality of agreement is a must. The parties to a contract must agree to the same thing inn the same sense.
Real estate assignment contract. Used when purchasing properties for investment purposes. A reassignment contract allows the buyer to assign the contract to a secondary buyer.
The sales price of or the gross receipts derived from a ?service contract? sold at retail is subject to the general 4.75% State, applicable local (2.00% or 2.25%), and applicable transit (0.50%) rates of sales and use tax. ?Service contracts? are taxed in ance with N.C. Gen. Stat.