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NC REALTORS®
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Check out the highlights of our new conference website, Xchange17.com #xchange17

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Legal Q&A: Do all owners need to sign my Property Management Agreement?

QUESTION: My firm handles both sales and property management. We have recently been in discussions with a prospective client about listing his residential property for rent. He told us that he has been divorced for several years. However, when we checked the Register of Deeds records online, we discovered that his ex-wife is still on the deed. Should we insist on the ex-wife signing our Property Management Agreement before agreeing to manage the property?

INTERESTED IN THE ANSWER? CLICK HERE: http://tinyurl.com/jask6pb

Have a legal question? Call the Legal Hotline. As a member of NC REALTORS®, you have free, unlimited access to this benefit. Call 800-443-9956 or email legal@ncrealtors.org with any questions regarding contracts, forms, fair housing, disclosure and more.
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GO LIVE! WITH NC REALTORS®

While in Winston Salem for the #Inaugural meetings, join us January 26, 1:00-4:00 pm, for NC REALTORS® Live! where we will be streaming on Facebook Live. Share your expertise and experience with your fellow REALTORS®. Give us feedback. Make your presence known. See you there!

#ncrealtorslive #facebooklive
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Deck the Walls | Like your favorite photos on Instagram

Have you heard about our Deck the Walls contest? NC REALTORS® are invited to post their best photos of North Carolina landscapes to Instagram using #deckthewalls and #ncrealtors for a chance to be featured on the walls of our newly renovated Greensboro office. Photos with the most likes on Instagram will also win great prizes like gift cards, registration to xchange ’17 and more. http://tinyurl.com/gry8xpq

Want to help us pick the winner? All entries are posted on the NC REALTORS® Instagram feed: https://www.instagram.com/ncrealtors/. Click the heart icon to “like” your favorites.

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Legal Q&A: Properly completing compensation disclosure section of buyer agency agreement

QUESTION: An agent in my firm has sold one of the firm’s listings. I reviewed the Exclusive Buyer Agency Agreement (form 201) he entered into with the buyer, and I am concerned about the way he filled out the compensation part. In paragraph 4(b), he inserted the percentage fee we customarily expect to receive for services in representing a buyer. However, in paragraph 14(f), he put a zero in blank for the dual agency compensation. Shouldn’t he have put the percentage fee we expect to receive from the seller in the blank? Does his mistake mean that the firm will only be entitled to receive a fee for the buyer side of the transaction if it closes?

INTERESTED IN THE ANSWER? CLICK HERE: http://tinyurl.com/j3pvc2b

Have a legal question? Call the Legal Hotline. As a member of NC REALTORS®, you have free, unlimited access to this benefit. Call 800-443-9956 or email legal@ncrealtors.org with any questions regarding contracts, forms, fair housing, disclosure and more.
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There are only six days left to register for Vision Quest, Spokesperson Training and the Inaugural Gala. Register by January 15 to secure your seat!

http://www.ncrealtors.org/monthly-calendar-calendar-menu.html
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NAR President Bill Brown discusses HUD Secretary nominee Ben Carson in the latest Voice for Real Estate news video. The video also covers the increase in conforming and FHA loan limits, home sale prospects heading into 2017, and bipartisan agreement among key members of Congress that any legislation that could affect home ownership and real estate investment should be acted upon only after careful deliberation.

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Even successful real estate pros can have trouble retiring if they don't start building an asset base early. An NAR priority in 2017 is to help its members become more comfortable investing in real estate for their own portfolio. The video also covers the lame-duck session of Congress, rising mortgage interest rates, and how commercial real estate in small and large markets is faring differently.

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NAR Chief Lobbyist Jerry Giovaniello discusses the impact of the 2016 election join real estate. The video also looks at the 2016 REALTORS® Conference & Expo in Orlando and the actions of the NAR Board of Directors.

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