Official Documents of Real Estate Transactions in
North Carolina
In this
section you’ll find some legal disclosures and samples
of forms and contracts
provided by the State governed
Real Estate Commission. No home sale should use
forms other than these. The samples here
are just some of the typical forms you will encounter in
your home buying process. There are actually several
more, but these cover the basics.
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This all begins with requiring a
Realtor
to present an
Agency Disclosure (Working With Real Estate
Agents). It's provided by the NC Real Estate
Commission to offer information to potential
clients. It's NOT a contract!
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The next
document you'll see is the
Buyer Agency Agreement. This document describes
the services and responsibilities and contracting
information between client and the agent they're
choosing to have represent them.
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The next is a
Dual Agency Addendum, which will only appear if
the home you (as the buyer) choose to put an
Offer on is being represented already by your
same agent or agents representing company (Broker
in Charge).
-
The
Offer to Purchase will show up next when you
decide to begin the purchasing process on a specific
piece of real estate.
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Next could be
the
Additional Provisions Addendum, covering common
needs of specifications of the property like sewer
needs, airport flight area, rental property, flood
zones and Offer to Purchase Expirations.
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The
Residential Property Disclosure statement of the
sellers knowledge of the general condition of the
property. This is not a contract, however, and is
only a statement.
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The
Lead Based Paint Addendum is quite common to
see, giving the sellers best representation of their
knowledge of
Lead Based Paint in or not in a home. Many homes
have been repaired of this, however, it's a required
repair before selling a home these days.
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