Real Estate in North Carolina

Laws are different for each state in regards to real estate laws, so North Carolina real estate might be a big or small change to what you might be used to dealing with in other states. You can't always be expected to know the exact details of what you need to know about real estate laws in every state, but one should be aware of the differences and who to contact if you have questions. Most states have a commission that regulates these laws, and North Carolina has a real estate commission that does just that. Here are the more common concerns and questions people have about real estate laws in North Carolina.

Where to Get Advise on Real Estate in North Carolina?

You could contact the real estate commission in North Carolina if you have questions, but the North Carolina real estate commission recommends that you seek a private attorney for specific advice and assistance. They can't enforce contracts. They can't require real estate agents to fulfill promises that were made. Unfortunately a private attorney must do everything in regards to settling disputes.

If you feel a buyer, or seller, landlord, tenants or anyone else involved in a transaction, has wronged you, you can report them to the Real Estate Commission. Complaints are reviewed and they will investigate if it is appropriate to do so and follow up on the case. They can reprimand or suspend an agent from doing business for whatever amount of time they see fit, or revoke the agent's license permanently if needed.

Agents in North Carolina

When dealing with North Carolina real estate agents, you should be made aware of whether or not the agent does have a current license. This is where the commission board can come in and help. You can review the agent you are in contact with, with the North Carolina board and see if the agent you are working with is currently licensed.

You should also make sure that your real estate agent has a signed contract with you before conducting any transactions or telling the real estate agent anything you might not want the seller to know. Your agent acts as a go between for the seller, but can also work with both sides, and you might not get too fair a deal if he or she isn't bound by loyalty under contract. Always get it in writing before you begin any business transaction.

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