North Carolina Compensation Agreement
Description
How to fill out Compensation 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.
Types of Buying Agency Agreements These agreements must include an expiration date, a fair housing statement, a blockbusting statement, and a signature line for both the broker and the seller.
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.
Is a North Carolina broker allowed to disclose to a potential buyer the amount or terms of another existing offer for a listing? Yes, but only if the offeror has given permission for such disclosure.
Every written agreement for brokerage services of any kind in a real estate transaction shall be for a definite period of time, shall include the broker's license number, and shall provide for its termination without prior notice at the expiration of that period, except that an agency agreement between a landlord and ...
Information like this should be included in an agency agreement: The principal, agent, and other significant parties' names and contact information. The extent of the agent's obligations (limitations on what the agent may and may not do) Possible repercussions for agreement term violations.
In North Carolina, a Statute of Frauds requires that all contracts or agreements to sell or convey land or any interest in or concerning land, including easements, options to purchase, rights of first refusal, and certain leases, must be in writing and signed by any party against whom enforcement is sought.
