This office lease provision states that the landlord and tenant each warrant and represent to the other party that there was no broker, finder or similar person, other than those listed, entitled to a commission, fee or other compensation, instrumental in consummating the lease. It also states that no conversations or prior negotiations were had by the landlord or tenant, respectively, or anyone acting on behalf of the landlord or the tenant, respectively, with any broker, finder or similar person, other than those listed, concerning the renting of the demised premises.
North Carolina Lease Provisions Relating to Brokers
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US-OL29A07
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(1) A broker shall not advertise any brokerage service or the sale, purchase, exchange, rent, or lease of real estate for another or others without the consent of his or her broker-in-charge and without including in the advertisement the name of the firm or sole proprietorship with which the broker is affiliated.
When you become a provisional broker in North Carolina, you must be sponsored by a broker-in-charge in order to hold an active license.
North Carolina Transaction Coordinator Since transaction coordinators are part of the closing process it's often preferred that they have a license.
DELIVERY OF INSTRUMENTS (a) Except as provided in Paragraph (b) of this Rule, every broker shall deliver a copy of any written agency agreement, contract, offer, lease, rental agreement, option, or other related transaction document to their customer or client within three days of the broker's receipt of the ...
DRAFTING LEGAL INSTRUMENTS (a) A broker acting as an agent in a real estate transaction shall not draft offers, sales contracts, options, leases, promissory notes, deeds, deeds of trust or other legal instruments by which the rights of others are secured; however, a broker may complete preprinted offers, option ...
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.
The North Carolina Real Estate Commission (NCREC) is responsible for licensing real estate brokers in North Carolina to ensure they are qualified to advise consumers about these transactions.
Section 58A . 0104 - AGENCY AGREEMENTS AND DISCLOSURE (a) Every agreement for brokerage services in a real estate transaction and every agreement for services connected with the management of a property owners association shall be in writing and signed by the parties thereto.
