Agency Disclosure laws are in effect in North Carolina and as a result, all buyers MUST sign either a Buyer Agency Agreement or a Subagency Disclosure with their REALTOR before the REALTOR can assist the buyer in any way.
The Law mandates that before an agent knows anything about you, your needs, wants or desires of a real estate nature, or discuss available properties with you, the agent must have first discussed with you how two of you will be working together. This means the agent must have written authorization from you that they are either your Buyer’s Agent and you are their Client, or they are a Subagent of the seller and you are their customer.
This is a requirement of all North Carolina Real Estate Agents. If any Agent does not discuss the laws of agency with you prior to any other conversation about your real estate needs, he or she is putting their license and their company’s license in jeopardy.
What Services and Information Can Your Carolina Living Agent Provide?
As A Client
Provide information on available properties
Show Properties
Help distinguish wants versus needs
Fill out contract forms following
customer’s instructions
Honestly answer all material fact questions
Disclose all material facts
Provide information on:
• Financing
• Use of experts
• Previous sales in the area
• Customary escrow & settlement procedures
• Sources of other information
Advice and counsel on
• Price to offer
• Getting defects fixed or paid for
• Asking for seller financing & getting favorable terms
• Interpretation of comparables
Promote and protect your best interests
Negotiate the best price and terms for you
Ability to show For Sale By Owners (FSBO’s) and
get the buyer the best possible price
As a Customer
Provide information on available properties
Show Properties
Help distinguish wants versus needs
Fill out contact forms following customer’s instructions
Honestly answer all material fact questions
Disclose all material facts
Provide information on:
• Financing
• Use of experts
• Previous sales in the area
• Customary escrow & settlement procedures
• Sources of other information
NO ADVICE OR INTERPRETATIONS
Become a Carolina Living Real Estate Client Today for your Charlotte and Lake Norman area needs.
Contact your Carolina Living Agent for all your Charlotte NC real estate needs.
