






We’re the people you want at your side. Friends at heart. Professionals in practice and mind. We train our agents to be the best. Then we back them up with a world-class team.
Every agent of ours must meet a certain experience level and criteria to join us.
Charlotte. The Queen City. Our first love. Our home.
2330 Randolph Road Charlotte, NC 28207
dickensmitchener.com 704.342.1000
As agents, we know this city’s neighborhoods like our closest circle of friends. We tend to this relationship as much as we do our connections to you. Place matters. Knowledge counts.
Agents who help more people end up better at their jobs. It’s like going to the gym — the more you go, the better your results. This is why we only have full-time, fully committed agents. We train them constantly on the changing market, new tech, negotiation strategies and people skills.
We get to work with top-of-the-line agents. You get what you want, wrapped in the best possible experience.
• As a native Charlottean and daughter of a real estate developer/builder, Ashley McMillan grew up immersed in Charlotte’s ever-changing real estate market.
• McMillan graduated from UNC-Chapel Hill with BA in Journalism/Advertising.
• Prior to entering the real estate industry, she spent many successful years in advertising sales and graphic design.
• Spent 14 years working as a portrait artist.
REALTOR®/BROKER
704-575-2369
amcmillan@dickensmitchener.com
Milestones & Memberships
• Canopy Multiple Listing Services
• Canopy REALTOR® Association
• National Association of REALTORS®
• North Carolina Association of REALTORS®
• Dickens Mitchener 2015 Rookie of the Year
• Dickens Mitchener top producer 2016-2024
• She currently lives in the Cotswold area with her husband, Robert. They have three children, (Mack, Davis, and Leila - two graduates and one attending their alma mater, UNC). And a new Springer Spaniel, Zoey.
• A Roof Above
• First Presbyterian Church, College of Deacons
• Carolina Women’s Leadership Council
• Homeowners Impact Fund Patron 2020-2025
$862,141,337
Consultation
During our COMPLIMENTARY CONSULTATION we will tour your home and go over what needs to be done to prepare it to sell. I will share the comps in your area with a comparative market analysis(CMA), and discuss strategic pricing and my marketing strategy that will sell your home for top dollar quickly.
Marketing Strategies
Our MARKETING will go above & beyond putting a sign in the yard and placing it in the MLS. We take pride in our custom marketing strategies. Your home will be showcased on social media, email, video & print marketing. We want to meet every possible buyer wherever they might be looking.
The goal of STAGING is having a trained eye come into your home and look at it as a buyer would. My ability to stage for the market will get your home show ready. We look at staging like we are creating a neutral palette, so that all buyers can envision themselves living there.
A PRE-INSPECTION will be done so that the buyers will have confidence to make an offer on the home.
Photography & Videography
Many times a buyer has already decided if they are interested in your home just from the pictures online, without ever stepping foot inside. Our PHOTOGRAPHY partners are the best at coming into your home and capturing it at its absolute best. Now, the pre-marketing can begin.
Coming Soon & Firm Exclusive
If applicable, we can list your home as “COMING SOON” in MLS. This will give buyers a sneak peek into your home before it is officially ready to show.
FIRM EXCLUSIVE is another option for the most discerning clients. Your home will be marketed within our firm to all of our brokers.
Now that we have completed all the steps to prepare your home for market, it’s time to go LIVE . Our marketing plan will also go live and your home will be presented to thousands across our market as well as the world with our Leading Real Estate Companies of the World® global network.
Showings / Open House
Keeping your home show ready is the key to being sold quickly. I will share tips with you to keep the guess work out of making sure you are ready for all SHOWINGS. Keeping a clean, shiny, and clutter-free home will ensure buyers only see the best things about your home.
I will be your guide in looking through all presented OFFERS. There are many things to consider and price is just one of them. I will help you decide which one best accommodates your needs and timeline.
One of the top reasons to hire a licensed broker is for the next step: NEGOTIATING. I am aware of market trends in our area and can help negotiate the best offer for your home based on the current market and your needs.
Once the offer is accepted it is time for INSPECTIONS. These will take place within the first 2-10 days after an offer is accepted, or during the due diligence period. The buyer will pay an inspector to look through the entire property and list all things the home could need. Big and small things will be on the list. The report will be sent to the buyers for review with their agent. Buyers may or may not try to negotiate items for repair on the list. Once all parties have an agreement, we move on to the next step: APPRAISAL.
If the buyer is utilizing a loan, then an APPRAISAL will be ordered by the loan officer. These are often chosen at random from a pool of appraisers. The goal is to have the appraisal come in at or above the purchase price of the contract so the mortgage lender will approve the loan. It is important the home be in tip top shape at the time of the appraisal.
The TITLE company will make sure the home title is clean for the closing. This means they will look over all paperwork to be sure there are no liens on the property, no extra names on the title, and prepare for closing. They will work with the lender to ensure everything is ready for closing day.
You will want to schedule the transfer and/or shut off all UTILITIES for closing day or the day after. This should be set-up at least 2 weeks prior to closing.
The buyers will do their FINAL WALK-THROUGH up to 4 days prior to closing. This is to make sure all negotiated items have been completed, that the home is clean, and all is as it should be.
Congratulations, you have made it to closing day! CLOSING is when the necessary paperwork to complete the transaction is signed. The papers are signed at the real estate attorney’s office and the title is transferred from the seller to the buyer. Once funded, the buyer receives the keys, and the seller receives payment for the home.
As a home seller, you have a wide range of choices when it comes to listing your home. Agents who are REALTORS® are a trusted source of advice and stand ready to help you navigate this complex process and make the choices that work best for you. NAR’s recent settlement has led to several changes related to broker commissions that benefit sellers, and we wanted to clearly lay them out for you
Here is what the settlement means for home sellers:
• You still have the choice of offering compensation to buyer brokers. You may consider doing this as a way of marketing your home or making your listing more attractive to buyers.
• Your agent must conspicuously disclose to you and obtain your approval for any payment or offer of payment that a listing broker will make to another broker acting for buyers.
• This disclosure must be made to you in writing in advance of any payment or agreement to pay another broker acting for buyers, and must specify the amount or rate of such payment.
• If you choose to approve an offer of compensation, there are changes to how this can happen.
• You as the seller can still make an offer compensation, but your agent cannot include it on a Multiple Listing Service (MLS) MLSs are local marketplaces used by both buyer brokers and listing brokers to share information about properties for sale.
• Your agent can advertise your listing via off-MLS platforms such as social media, flyers and websites.
• You as the seller can still offer buyer concessions on an MLS (for example, concessions for buyer closing costs)
These settlement practice changes will go into effect August 17.
Here is what the settlement doesn’t change:
• Agents who are REALTORS® are here to help you navigate the process of selling your home and are ethically obligated to work in your best interest.
• Compensation for your agent remains fully negotiable, and if your agent is a REALTOR®, they must abide by the REALTOR® Code of Ethics and have clear and transparent discussions with you about compensation. When finding an agent to work with, ask questions about compensation and discuss what you would like to offer buyers.
• You have choices Work with your agent to understand the full range of these choices when selling your home, which will help you make the best possible decision for your needs.
More details about these changes and what they mean can be found at:
facts.realtor
Digital announcements are created and sent to thousands of agents in the Charlotte area about new listings, Broker Tours, price reductions, etc. Additionally, monthly newsletters are sent out each month to approximately 20,000 DM contacts & over 100 agents’ contact lists.
Your home will be listed in the Canopy Multiple Listing Service (CMLS). This is the best source for selling your home since every licensed broker can access this information and the data will syndicate to public websites.
MARKETING BROCHURE CANOPY MLS VIRTUAL TOURS
Our digital & print brochures are prepared specifically for your home and will include photos, noteworthy features, a square footage diagram, MLS sheet, disclosures, and other information a buyer would need to make a buying decision for your home. The digital brochure is uploaded to your listing page on dickensmitchener.com as well as included in MLS and ShowingTime.
FOR SALE SIGNS
We will place a Dickens Mitchener For Sale sign on your property. We can also place listing flyers in an Info Box in your yard.
Virtual tour & professional photos can be taken of your home. This tour will be added to MLS and the photos will be utilized in all marketing efforts.
These may be held at any time on an “as needed” basis. Once an Open House is scheduled, it will be entered into MLS and will appear on the DM website, as well as all MLS feeds on other large search sites. DM features all Open Houses on social media accounts every Friday for the upcoming weekend.
Our marketing department will create custom marketing materials for your listing. Custom pieces are designed in house and will be mailed to specific lists that cater to our marketing plan/schedule.
Broker events may be held to introduce your home to other local agents in the Charlotte area and around your home. We have a database comprised of thousands of Charlotte agents that we can select from to invite to your home. Once scheduled, this event will go into our company calendar which is emailed out to our agents weekly.
When you visit dickensmitchener.com you get immediate access to more than 14,000 resale listings through the Canopy Multiple Listing Service, as well as an up-to-the minute database of new listings, coming soon listings, new construction listings, and open houses. It also features virtual tour videos of Dickens Mitchener listings.
Follow us for: community updates, giveaways, featured listings & more!
Dickens Mitchener is social! Our marketing team includes a social media coordinator who blogs weekly and posts new listing features, exclusive video walkthroughs, neighborhood highlights, giveaways & more. It’s our goal to use social media to showcase the uniqueness of the DM team and what it’s really like to live in the Queen City!
Our Facebook content is seen by roughly 44,000 people each week, and we can further that reach by using boosted post campaigns directly targeting certain audiences to extend beyond our network. We post a variety of content including Listing of the Week, Virtual Tours, Just Listed Homes, and DM Hot Spots to all of our social media platforms. Visit our social media networks and follow along to discover more about Dickens Mitchener!
When selling your home, you need global exposure in addition to the strong marketing expertise we deliver locally. As an affiliate of Leading Real Estate Companies of the World,® we have the resources to market your property to the highest possible number of potential buyers. With 134,000 associates around the world, we expose your property to buyers on six continents. In addition, we receive inbound clients from other affiliates around the globe who are interested in purchasing a home.
Leading Real Estate Companies of the World® is a pedigree denoting the very best companies who represent qualified clientele and wish to do business with similar firms. When your home is posted to our website locally, it is immediately promoted on the LeadingRE.com website and connected to the websites of 550 of our affiliate real estate firms.
550 companies
4,800 offices
70+ countries
134,000 sales associates
550 companies 4,800 offices
134,000 sales associates
70+ countries
Our invitation-only network was responsible for $282 billion in annual home sales volume among the top 500 U.S. real estate firms in 2023.
Volume shown in billions of dollars. For informational purposes only. In compiling this report, LeadingRE relies on third party sources. The information set forth in the chart above is sourced from the 2024 RealTrends 500, showcasing production for calendar year 2023, accessible via realtrends.com. Neither LeadingRE nor its member companies are responsible for the accuracy of third-party data presented herein.
THERE’S STRENGTH IN NUMBERS. Never has that been truer than when coming together in the real estate community to combat homelessness.
THE HOMEOWNERS IMPACT FUND, a designated 501(c)3 nonprofit, invites participants who are in the home closing process to make a small donation that adds up to a substantial gift to local organizations working to lift men, women and children out of homelessness. Because when you harness the power of community, you can weather any storm.
If you’re fortunate enough to have a roof over your head, please consider supporting the Homeowners Impact Fund to help others in need. Funds raised are distributed directly to reputable nonprofit organizations that support individuals and families in finding a path out of homelessness.
Every day, you experience the joy of a place to call home. Every day, more than 3,000 people in the Charlotte area experience homelessness. Every day, more than 580,000 people across the US experience homelessness. Together, we can make a difference.
Become a supporter by following this link: homeowersimpactfund.org/donate For more information, email info@homeowersimpactfund.org
Love it. Forms
Thisformisrequiredforuseinallsalestransactions,includingresidentialandcommercial.
Thisformis notacontract.Signingthisdisclosureonlymeansyouhavereceivedit.
●Inarealestatesalestransaction,itisimportantthatyouunderstandwhetheranagentrepresentsyou.
●Realestateagentsarerequiredto(1)reviewthisformwithyouatfirstsubstantialcontact-beforeaskingforor receivingyourconfidentialinformationand(2)giveyouacopyoftheformafteryousignit.Thisisforyourown protection.
●Do notshareanyconfidentialinformationwitharealestateagentorassumethattheagentisactingonyour behalfuntilyouhaveenteredintoawrittenagreementwiththeagenttorepresentyou.Otherwise,theagentcan shareyourconfidentialinformationwithothers.
NotetoAgent: Checkallrelationshiptypesbelowthatmayapplytothisseller.
Seller'sAgency (listingagent):Theagentwhogaveyouthisform(andtheagent'sfirm)mustenterintoa writtenlistingagreementwithyoubeforetheybegintomarketyourpropertyforsale.Ifyousignthelistingagreement, thelistingfirmanditsagentswouldthenrepresentyou.Thebuyerwouldeitherberepresentedbyanagentaffiliated withadifferentrealestatefirmorbeunrepresented.
DualAgency: Dualagencywilloccurifyourlistingfirmhasabuyer-clientwhowantstopurchaseyour property.Ifyouagreeinawrittenagencyagreement,therealestatefirm, andanyagentwiththesamefirm(company), wouldbepermittedtorepresentyou andthebuyeratthesametime.Adualagent'sloyaltywouldbedividedbetween youandthebuyer,butthefirmanditsagentsmusttreatyouandthebuyerfairlyandequallyandcannothelpyougain anadvantageovertheotherparty.
DesignatedDualAgency: Ifyouagreeinawrittenagencyagreement,therealestate firmwouldrepresent bothyouandthebuyer,butthefirmwoulddesignateoneagenttorepresentyouandadifferentagenttorepresentthe buyer.Eachdesignatedagentwouldbeloyalonlytotheirclient.
BuyerAgentWorkingwithanUnrepresentedSeller (ForSaleByOwner,“FSBO”):Theagentwhogave youthisformwill notberepresentingyouandhasnoloyaltytoyou.Theagentwillrepresentonlythebuyer.Donot shareanyconfidentialinformationwiththisagent.
NotetoSeller: Formoreinformationonanagent'sdutiesandservices,refertotheNCRealEstateCommission's“Questions andAnswerson:WorkingWithRealEstateAgents”brochureatncrec.gov(Publications,Q&ABrochures)oraskanagentfora copyofit.
Seller'sSignatureSeller'sSignatureDate Agent'sNameAgent'sLicenseNo.FirmName
REC.4.27●1/1/2022
[Consult“Guidelines”(Form101G)forguidanceincompletingthisform]
ThisEXCLUSIVERIGHTTOSELLLISTINGAGREEMENT("Agreement")isenteredintobetween asSeller(s)(“Seller”)oftheproperty describedbelow(the"Property"),and asListingFirm(“Firm”). TheindividualagentwhosignsthisAgreementshall,onbehalfoftheFirm,beprimarilyresponsibleforensuringthattheFirm's dutieshereunderarefulfilled;however,itisunderstoodandagreedthatotheragentsoftheFirmmaybeassignedtofulfillsuchduties ifdeemedappropriatebytheFirm.ForpurposesofthisAgreement,theterm“Firm,”asthecontextmayrequire,shallbedeemedto includetheindividualagentwhosignsthisAgreementandanyotheragentsoftheFirm.
NOTE: IfthePropertywasmostrecentlyownedbyapersonwhoisnowdeceased,thetaxlistingorlastrecordeddeedtothe Propertymaynotaccuratelyidentifytheparty(ies)whoshouldbenamedasSeller.Insuchacase,thedeceasedowner'swill,or applicableNorthCarolinalawifthedeceasedownerdiedwithoutawill,willdeterminethecorrectparty(ies)tosignthisAgreement. AdvicefromanNCattorneyshouldbeobtainedconcerningtheproperparty(ies)priortocompletingthisAgreement.
IftheownerofthePropertyisacorporation,limitedliabilitycompany,trustorotherlegalentity,theentityshouldbenamedasSeller andadulyauthorizedofficer,manager,trusteeorotherlegalrepresentativeoftheentityshouldsignthisAgreementontheentity's behalf.
Anon-ownerspouseshouldbenamedasSellerbecauseheorshewillberequiredinmostcasestosignthedeedtoreleasecertain maritalrightsintheProperty.Ifamarriedownerhassignedandrecordedapre-nuptialagreement,post-nuptialagreement,orafree traderagreement,consultanNCattorneytodeterminewhetherthenon-ownerspousewillberequiredtosignthedeed.
InconsiderationforFirm'sservicesandeffortstofindabuyerfortheProperty,Firmisherebygrantedtheexclusiverighttosellthe PropertyonthetermsandconditionssetforthinthisAgreement.
SellerrepresentsthatasoftheEffectiveDatetheSellerisnot(orwillnotbe,ifthePropertyiscurrentlylisted)apartytoa listingagreementwithanyotherrealestatefirmregardingtheProperty.SelleralsorepresentsthatSellerhasreceivedacopy ofthe“WORKINGWITHREALESTATEAGENTS”disclosureandhasrevieweditwithFirm.
(a) Term. ThetermofthisAgreement("Term")shallbeginonitsEffectiveDateandshallendat11:59p.m.onitsExpirationDate.
(b) EffectiveDate. ThisAgreementshallbecomeeffectiveandtheSellerandFirm'srespectiverightsandobligationsunderthis Agreementshallcommence("EffectiveDate")asfollows (checkappropriatebox):
TheEffectiveDateshallbethedatethatthisAgreementhasbeensignedbybothSellerandFirm
ThePropertyiscurrentlylistedforsaleexclusivelywithanotherrealestatefirm.Sellerrepresentsthatthecurrentlisting agreementexpireson .TheEffectiveDateofthisAgreementshallcommenceimmediatelyuponthe expirationofthecurrentlistingagreement.(NOTE: AccordingtoArticle16oftheREALTORS®CodeofEthics: "REALTORS® shallnotengageinanypracticeortakeanyactioninconsistentwithexclusiverepresentationorexclusivebrokeragerelationship agreementsthatotherREALTORS®havewithclients.")
(c) ExpirationDate. ThisAgreementshallterminateat11:59p.m.on ("ExpirationDate").
2. PROPERTY. ThePropertythatisthesubjectofthisAgreementshallincludeallthatrealestatedescribedbelowtogetherwith allappurtenancestheretoincludingtheimprovementslocatedthereonandthefixturesandpersonalpropertylistedinParagraphs3and 4below.
StreetAddress: City: Zip County: ,NorthCarolina
NOTE:
LegalDescription:(Complete ALL applicable)
PlatReference:Lot/Unit ,Block/Section ,Subdivision/Condominium ,asshownonPlatBook/Slide atPage(s)
● ThePIN/PIDorotheridentificationnumberofthePropertyis:
● Otherdescription: SomeorallofthePropertymaybedescribedinDeedBook atPage
NOTE: THEFOLLOWINGPARAGRAPHS3AND4AREPARTOFTHEOFFERTOPURCHASEANDCONTRACT(FORM 2-T),AFORMWHICHISCOMMONLYUSEDTOPUTRESIDENTIALREALESTATEUNDERCONTRACTINNORTH CAROLINA.TOMINIMIZETHEPOTENTIALFORDISPUTESWITHABUYER,ITISHIGHLYRECOMMENDEDTHAT SELLERANDTHEINDIVIDUALAGENTWHOSIGNSTHISAGREEMENTDISCUSSINDETAILANDDESCRIBEIN WRITINGINPARAGRAPHS3AND4WHATITEMSSELLERISWILLINGTOCONVEYASAPARTOFANYSALEOF THEPROPERTY,WHATITEMSTHESELLERWOULDLIKETOEXCLUDEFROMANYSALE,ANDWHATITEMSARE LOCATEDONTHEPROPERTYTHATSELLERMAYNOTOWN.
3. FIXTURESANDEXCLUSIONS:
WARNING: THEPARTIESSHOULDNOTASSUMETHATANITEMWILLORWILLNOTBEINCLUDEDINTHESALE BASEDONANORALORWRITTENSTATEMENTORUNDERSTANDINGTHATISNOTAPARTOFASALES CONTRACT.BUYERANDSELLERSHOULDBESPECIFICWHENNEGOTIATINGWHATITEMSWILLBEINCLUDED INOREXCLUDEDFROMTHESALE.
(a)FixturesAreIncludedinPurchasePrice: ALLEXISTINGFIXTURESAREINCLUDEDINTHESALEASPARTOFTHE PURCHASEPRICE,FREEOFLIENS,UNLESSEXCLUDEDINSUBPARAGRAPH(d)OR(e).
(b)SpecifiedItems: BuyerandSelleragreethatthefollowingitems,ifpresentonthePropertyonthedateoftheoffer,shallbe includedinthesaleaspartofthePurchasePrice,freeofliens,unlessexcludedinsubparagraphs(d)or(e)below.ALLITEMS LISTEDBELOWINCLUDEBOTHTRADITIONALAND“SMART”VERSIONSANDANYEXCLUSIVELYDEDICATED, RELATEDEQUIPMENTAND/ORREMOTECONTROLDEVICES.
● Alarmandsecuritysystems(attached)forsecurity,fire, smoke,carbonmonoxideorothertoxinswithallrelated accesscodes,sensors,cameras,dedicatedmonitors,hard drives,videorecorders,powersuppliesandcables; doorbells/chimes
● Allstoves/ranges/ovens;built-inappliances;attached microwaveoven;venthood
● Antennas;satellitedishesandreceivers
● Basketballgoalsandplayequipment(permanentlyattached orin-ground)
● Ceilingandwall-attachedfans;lightfixtures(including existingbulbs)
● Exerciseequipment/devicesthatareattached
● Fireplaceinsert;gaslogsorstarters;attachedfireplace screens;woodorcoalstoves
● Floorcoverings(attached)
● Garagedooropeners
● Generatorsthatarepermanentlywired
● Invisiblefencingwithpowersupply
● Mailboxes;mountedpackageandnewspaperreceptacles
● Mirrorsattachedtowalls,ceilings,cabinetsordoors;all bathroomwallmirrors
● Storageshed;utilitybuilding
● Landscapeandoutdoortreesandplants(exceptinmoveable containers);raisedgarden;landscapeandfoundationlighting; outdoorsoundsystems;permanentirrigationsystems;rain barrels;landscapewaterfeatures;addressmarkers
● Swimmingpools;spas;hottubs(excludinginflatablepools, spas,andhottubs)
● Solarelectricandsolarwaterheatingsystems
● Sump-pumps,radonfansandcrawlspaceventilators;dehumidifiersthatarepermanentlywired
● Surface-mountingbracketsfortelevisionandspeakers; recess-mountedspeakers;mountedintercomsystem
● Thermostats
● Watersupplyequipment,includingfilters,conditioningand softenersystems;re-circulatingpumps;wellpumpsand tanks
● Window/Doorblindsandshades,curtain/draperyrodsand brackets,doorandwindowscreensandcombinationdoors, awningsandstormwindows
(c)Unpairing/deletingdatafromdevices: PriortoClosing,Sellershall“unpair”anydevicesthatwillconveyfromanypersonal propertydevices(hubs,intelligentvirtualassistants,mobiledevices,vehicles,etc.)withwhichtheyarepaired,deletepersonaldata fromanydevicesthatwillconvey,andrestorealldevicestofactorydefaultsettingsunlessotherwiseagreed.Seller'sobligationsunder thisparagraph2(c)shallsurviveClosing.
NOTE: ANYFIXTUREOROTHERITEMDESCRIBEDINSUBPARAGRAPHS(a)AND(b)THATWILLNOTBEAPART OFTHESALESHOULDBEIDENTIFIEDINSUBPARAGRAPHS(d)OR(e),ASAPPLICABLE.
(d)ItemsLeasedorNotOwned: AnyitemwhichisleasedornotownedbySeller,suchasantennas,satellitedishesandreceivers, appliances,andalarmandsecuritysystemsmustbeidentifiedhereandshallnotconvey: Inaddition,anyleasedfueltankidentifiedinparagraph12(p)shallnotconvey.
(e)OtherItemsThatDoNotConvey: Thefollowingitemsshallnotconvey (identifythoseitemstobeexcludedunder subparagraphs(a)and(b)): Sellershallrepairanydamagecausedbyremovalofanyitemsexcludedabove.
4. PERSONALPROPERTY. ThefollowingpersonalpropertypresentonthePropertyonthedateoftheoffershallbetransferred toBuyeratnovalueatClosing:
NOTE: ANYPERSONALPROPERTYTHATWILLBEAPARTOFTHESALESHOULDBEIDENTIFIEDINTHIS PARAGRAPH.BuyerisadvisedtoconsultwithBuyer'slendertoassurethatthePersonalPropertyitemslistedabovecanbe includedinthisContract.
5. HOMEWARRANTY.Seller agreesdoesnotagreetoobtainandpayforatsettlementaoneyearhomewarrantyforthe Propertyatacostnottoexceed$ .IfSelleragreestoobtainandpayforahomewarrantyatanytime,Firmhereby disclosesthatafeeof willbeofferedtoFirmbythepersonorentitythroughorfromwhichanyhomewarrantyis obtainedascompensationtoFirmforitsassistanceinobtainingthehomewarranty,andSellerherebyconsentstoFirm'sreceiptof suchfee.
6. LISTINGPRICE. SellerliststhePropertyatapriceof$ onthefollowingterms: CashFHAVAUSDAConventionalLoanAssumption SellerFinancing Other . SelleragreestosellthePropertyfortheListingPriceorforanyotherpriceoronanyothertermsacceptabletoSeller.
7. FIRM'SCOMPENSATION.
(a) Fee. SelleragreestopayFirmatotalfeeof %ofthegrosssalespriceoftheProperty,OR ("Fee"),whichshallincludetheamountofanycompensationpaidbyFirmassetforthinparagraph8belowtoanyotherrealestate firm,includingindividualagentsandsoleproprietors("CooperatingRealEstateFirm").
(b) FeeEarned. TheFeeshallbedeemedearnedunderanyofthefollowingcircumstances:
(i)Ifaready,willingandablebuyerisprocuredbyFirm,aCooperatingRealEstateFirm,theSeller,oranyoneelseduring theTermofthisAgreementatthepriceandonthetermssetforthherein,oratanypriceanduponanytermsacceptabletotheSeller;
(ii)IfthePropertyissold,optioned,exchanged,conveyedortransferred,ortheSelleragrees,duringtheTermofthis Agreementoranyrenewalhereof,tosell,option,exchange,conveyortransferthePropertyatanypriceanduponanyterms whatsoever;or
(iii)Ifthecircumstancessetoutin(i)or(ii)abovehavenotoccurred,andif,within daysaftertheExpiration Date(“ProtectionPeriod”),Sellereitherdirectlyorindirectlysells,options,exchanges,conveysortransfers,oragreestosell,option, exchange,conveyortransferthePropertyuponanytermswhatsoever,toanypersonwithwhomSeller,Firm,oranyCooperatingReal EstateFirmcommunicatedregardingthePropertyduringtheTermofthisAgreementoranyrenewalhereof,providedthenamesof suchpersonsaredeliveredorpostmarkedtotheSellerwithin15daysaftertheExpirationDate.HOWEVER,SellershallNOTbe obligatedtopaytheFeeifavalidlistingagreementisenteredintobetweenSellerandanotherrealestatebrokerandthePropertyis subsequentlysold,optioned,exchanged,conveyedortransferredduringtheProtectionPeriod.
(c) FeeDueandPayable. Onceearnedassetforthabove,theFeewillbedueandpayableattheearlierof:
(i)DistributionofproceedsfromsaleofthePropertybytheclosingattorney;
(ii)TheSeller'sfailuretoselltheProperty(includingbutnotlimitedtotheSeller'srefusaltosignanoffertopurchasefor thePropertyatthepriceandtermsstatedhereinoronothertermsacceptabletotheSeller,theSeller'sdefaultonanexecutedsales contractfortheProperty,ortheSeller'sagreementwithabuyertounreasonablymodifyorcancelanexecutedsalescontractforthe Property);or
(iii)Seller'sbreachofthisAgreement.
(d) TransferofInterestinBusinessEntity. IfSellerisapartnership,corporationorotherbusinessentity,andaninterestinthe partnership,corporationorotherbusinessentityistransferred,whetherbymerger,outrightpurchaseorotherwise,inlieuofasaleof theProperty,andapplicablelawdoesnotprohibitthepaymentofafeeorothercompensationinconnectionwithsuchsaleortransfer, theFeeshallbecalculatedonthefairmarketvalueoftheProperty,ratherthanthegrosssalesprice,multipliedbythepercentageof interestsotransferred,andshallbepaidbySelleratthetimeofthetransfer.
(e) AdditionalCompensation. Ifadditionalcompensation,incentive,bonus,rebateand/orothervaluableconsideration (“AdditionalCompensation”)isofferedtotheFirmfromanyotherpartyorpersoninconnectionwithasaleoftheProperty,Firm shalltimelydisclosethepromiseorexpectationofreceivinganysuchAdditionalCompensation,confirmthedisclosureinwriting beforeSellermakesoracceptsanoffertosell,andobtainSeller'sconsent.(NOTE: NCARForm#770maybeusedtoconfirmthe disclosureandobtainconsentofanysuchAdditionalCompensation).
(f) THEAMOUNT,FORMAT,ORRATEOFREALESTATECOMPENSATIONISNOTFIXEDBYLAWBUTIS SETBYEACHBROKERINDIVIDUALLYANDISFULLYNEGOTIABLE.
8. COOPERATIONWITH/COMPENSATIONTOOTHERFIRMS. FirmhasadvisedSellerofFirm'scompanypolicies regardingcooperationandtheamount(s)ofanycompensationthatwillbeofferedtootherbrokers,includingbutnotlimitedto,seller subagents,buyeragentsorboth,brokerswhodoordonotparticipateinalistingserviceandbrokerswhoareorarenot REALTORS®.SellerauthorizesFirmto (CheckALLapplicableauthorizations):
CooperatewithsubagentsrepresentingtheSellerandofferthemthefollowingcompensation: %ofthe grosssalespriceor$ ;and/or,
Cooperatewithbuyeragentsrepresentingthebuyerandofferthemthefollowingcompensation: %ofthe grosssalespriceor$ ;and/or,
CooperatewithandcompensateotherCooperatingRealEstateFirmsaccordingtotheFirm'sattachedpolicy. FirmwillpromptlynotifySellerifcompensationofferedtoaCooperatingRealEstateFirmisdifferentfromthatsetforthabove. AgentswithCooperatingRealEstateFirmsmustorallydisclosethenatureoftheirrelationshipwithabuyer(subagentorbuyeragent) toFirmatthetimeofinitialcontactwithFirm,andconfirmthatrelationshipinwritingnolaterthanthetimeanoffertopurchaseis submittedfortheSeller'sconsideration.Sellershouldbecarefulaboutdisclosingconfidentialinformationbecauseagentsrepresenting buyersmustdiscloseallrelevantinformationtotheirclients.
(initial)SellerunderstandsthatcooperatingcompensationisnotrequiredandthatSellerhasnoobligation tooffercooperatingcompensation.
9. FIRM'SDUTIES.
NOTE: InaccordancewiththeREALTORS®CodeofEthics,Firmshall,withSeller'sapproval,inresponsetoinquiriesfrombuyers orCooperatingRealEstateFirms,disclosetheexistenceofoffersontheProperty.WhereSellerauthorizesdisclosure,Firmshallalso disclosewhetherofferswereobtainedbytheindividualagentwhosignsthisAgreement,anotheragentoftheFirm,orbya CooperatingRealEstateFirm.
(a)Besteffortstofindbuyer. FirmagreestoprovideSellerthebenefitofFirm'sknowledge,experienceandadviceinthe marketingandsaleoftheProperty.SellerunderstandsthatFirmmakesnorepresentationorguaranteeastothesaleoftheProperty, butFirmagreestouseitsbesteffortsingoodfaithtofindabuyerwhoisready,willingandabletopurchasetheproperty.
(b)Disclosureofmaterialtermsofoffer: SelleracknowledgesthatrealestatebrokersareprohibitedbyN.C.RealEstate Commissionrulefromdisclosingthepriceorothermaterialtermscontainedinaparty'soffertopurchase,sell,lease,rentoroption realpropertytoacompetingpartywithouttheexpressauthorityofthepartymakingtheoffer.
(c)Disclosureofmaterialfacts. SelleracknowledgesthatFirmisrequiredbylawtodisclosetopotentialpurchasersofthe PropertyallmaterialfactspertainingtothePropertyaboutwhichtheFirmknowsorreasonablyshouldknow,andthatREALTORS® haveanethicalresponsibilitytotreatallpartiestothetransactionhonestly.
(d)Otherprofessionalservices. SellerfurtheracknowledgesthatFirmisbeingretainedsolelyasarealestateprofessional,and understandsthatotherprofessionalserviceprovidersareavailabletorenderadviceorservicestoSeller,includingbutnotlimitedtoan attorney,insuranceagent,taxadvisor,surveyor,structuralengineer,homeinspector,environmentalconsultant,architect,orcontractor. AlthoughFirmmayprovideSellerthenamesofproviderswhoclaimtoperformsuchservices,SellerunderstandsthatFirmcannot guaranteethequalityofserviceorlevelofexpertiseofanysuchprovider.Selleragreestopaythefullamountdueforallservicesdirectly totheserviceproviderwhetherornotthetransactioncloses.SelleralsoagreestoindemnifyandholdFirmharmlessfromandagainstany andallliability,claim,loss,damage,suit,orexpensethatFirmmayincureitherasaresultofSeller'sselectionanduseofanysuch providerorSeller'selectionnottohaveoneormoreofsuchservicesperformed.
(e)Providingagreementtolistingservice. SelleracknowledgesthattherulesofanylistingserviceofwhichFirmisamember orinwhichanyofFirm'sagentsparticipatemayobligateFirmtoprovideacopyofthisAgreementtoanysuchlistingserviceatits request,andSellerconsentstoFirmprovidingacopyofthisAgreementintheeventofanysuchrequest.
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THEAGENT(FIRM)SHALLCONDUCTALLBROKERAGEACTIVITIESINREGARDTOTHISAGREEMENT WITHOUTRESPECTTOTHERACE,COLOR,RELIGION,SEX,NATIONALORIGIN,HANDICAPORFAMILIAL STATUSOFANYPARTYORPROSPECTIVEPARTY.FURTHER,REALTORS®HAVEANETHICALDUTYTO CONDUCTSUCHACTIVITIESWITHOUTRESPECTTOTHESEXUALORIENTATIONORGENDERIDENTITYOF ANYPARTYORPROSPECTIVEPARTY.
WARNING: BuyerLetterstoSeller.Toenticeasellertochoosetheiroffer,somebuyerswritepersonalletterstosellersexpressing whytheywishtopurchasetheseller'sproperty.Suchlettersoftencontainpersonalinformationandrevealcharacteristicsofthebuyer whichcouldbeused,knowinglyorthroughunconsciousbias,asabasisfortheseller'sdecisiontoacceptorrejectanofferthatmay violateStateandFederalFairHousinglaws,orusedtoformthebasisforaclaimthattheseller,andpossiblytheseller'sagent,have violatedFairHousinglaws.Inordertoavoidpotentialliabilityforunlawfuldiscriminationaswellastheappearanceofimpropriety, SellershoulddiscusswithFirmhowanysuchlettersthatmaybesubmittedwillbehandled.
(initial) SelleracknowledgesthatSellerhasbeenmadeawareofeachFirmdutydescribedaboveinthisparagraph.
(a)CommencementofMarketing. TheFirmisauthorizedtocommencemarketingthePropertyasdescribedbelowon (“MarketingDate”).FirmisobligatedtopresenttoSelleranyoffersonthePropertythatmaybe submittedtoFirmpriortotheMarketingDate.
NOTE: ITISINTHEBESTINTERESTOFMOSTSELLERSTOGETTHEHIGHESTPOSSIBLEPRICEONTHEBEST TERMSFORTHEIRPROPERTY,ANDMAXIMIZINGEXPOSUREOFTHEIRPROPERTYADVANCESTHATINTEREST. ACCEPTINGANOFFERONTHEPROPERTYBEFOREITISFULLYEXPOSEDTOTHEWIDESTGROUPOFPOTENTIAL BUYERSMAYDENYSELLERTHEBESTOPPORTUNITYTOATTRACTOFFERSATTHEHIGHESTPRICEANDBEST TERMS.
(b)MarketingAuthorization. (Initial“PublicMarketing”OR“OfficeExclusive”butNOTboth):
PublicMarketing
FirmshallsubmitpertinentinformationconcerningthePropertytoanylistingserviceofwhichFirmisamember,orinwhichany ofFirm'sagentsparticipate,inaccordancewiththerulesofanysuchlistingservice.SellerauthorizesFirm(i)tofurnishtothe listingservicenoticeofallchangesofinformationconcerningthePropertyauthorizedinwritingbySeller,(ii)uponexecutionof asalescontractfortheProperty,tonotifythelistingserviceofthependingsaleandtheexpirationdateofanyduediligence period,and(iii)uponclosingofthesale,todisseminatesalesinformation,includingsalesprice,tothelistingservice,appraisers andrealestatebrokers.
SellerauthorizesFirmasfollows(CheckALLapplicablesections): “ComingSoon”Advertising. TomarketthePropertyas“ComingSoon,”commencingontheMarketingDate,inanymedia Firmmayinitsdiscretionselect,providedthatany“ComingSoon”advertisingshallbeconductedinaccordancewithany restrictionsandrequirementsofanylistingserviceinwhichthePropertywillbeincluded,acopyofwhicharearenot attachedtothisAgreement.Thestatusofthelistingshallbechangedto“active”on . Signs. Toplace"ForSale,""UnderContract,""SalePending,"orothersimilarsignsontheProperty(wherepermittedbylaw andrelevantcovenants)andtoremoveothersuchsigns. OpenHouses. ToconductopenhousesofthePropertyatsuchtimesasSellerandFirmmaysubsequentlyagree. AdvertisingOtherThanOnTheInternet. ToadvertisethePropertyinnon-Internetmedia,andtopermitotherfirmsto advertisethePropertyinnon-InternetmediatotheextentandinsuchmannerasFirmmaydecide. InternetAdvertising. TodisplayinformationaboutthePropertyontheInterneteitherdirectlyorthroughaprogramofany listingserviceofwhichtheFirmisamemberorinwhichanyofFirm'sagentsparticipate.Sellerfurtherauthorizesother firmswhobelongtoanylistingserviceofwhichtheFirmisamemberorinwhichanyofFirm'sagentsparticipatetodisplay informationaboutthePropertyontheInternetinaccordancewiththelistingservicerulesandregulations,andalsoauthorizes anylistingserviceofwhichtheFirmisamemberorinwhichanyofFirm'sagentsparticipatetouse,licenseorselltoothers informationaboutthePropertyenteredintothelistingservice.Sellerspecificallyauthorizesthedisplayoftheaddressofthe Property,automatedestimatesofthemarketvalueofthePropertyandthird-partycommentsabouttheProperty.Ifseller desirestolimitorprohibitInternetadvertisingassetforthabove,sellermustcompleteanopt-outforminaccordancewith listingservicerules.
NOTE: NCARForm#105maybeusedtolimitorprohibitInternetadvertisingandexplainshowsuchlimitationsmayormay notbeeffective.
Sellerwithholdsconsentforthelistingtobepubliclymarketed,includingsocialmedia,anddisseminatedtootherparticipantsof anylistingserviceofwhichFirmisamember,orinwhichanyofFirm'sagentsparticipate.Sellerunderstandsandacknowledges that:(i)therulesofanysuchlistingservicemayrequirethatthelistingbefiledwiththelistingserviceorthatthelistingservice benotifiedofthelisting,butthatthelistingwillnotbedisseminatedtothelistingservice'sparticipants;and(ii)thelistingservice mayrequireFirmtoprovideacertificationsignedbySellerthatthelistingshallnotbedisseminatedbythelistingservice.
FirmisprohibitedfrommarketingthePropertypublicly,includinganyofthemethodslistedinparagraph10(b)above.If,ata laterdate,thePropertyshallbemarketedpublicly,thisAgreementmustbeamendedaccordingly.NCRStandardForm710may beusedforsuchpurpose.
NOTE: THELISTINGMUSTBESUBMITTEDTOTHELISTINGSERVICEANDDISSEMINATEDTOITSPARTICIPANTS WITHINONE(1)BUSINESSDAYOFANYPUBLICMARKETINGOFTHEPROPERTYIFREQUIREDBYLISTING SERVICERULES.PUBLICMARKETINGINCLUDES,BUTISNOTLIMITEDTO,FLYERSDISPLAYEDINWINDOWS, YARDSIGNS,DIGITALMARKETINGONPUBLICFACINGWEBSITES,BROKERAGEWEBSITEDISPLAYS(INCLUDING IDXANDVOW),DIGITALCOMMUNICATIONSMARKETING(EMAILBLASTS),MULTI-BROKERAGELISTING SHARINGNETWORKS,ANDAPPLICATIONSAVAILABLETOTHEGENERALPUBLIC.
(c)Lock/KeyBoxes. TheSellerdoesdoesnotauthorizeFirmtoplacelock/keyboxesontheProperty.
(d)SellerAcknowledgement. Selleracknowledgesandunderstandsthatwhilethemarketingservicesselectedabovewill facilitatetheshowingandsaleoftheProperty,therearerisksassociatedwithallowingaccesstoanddisseminatinginformationabout thePropertythatarenotwithinthereasonablecontroloftheFirm,includingbutnotlimitedto:
(i)unauthorizeduseofalock/keybox,
(ii)controlofvisitorsduringorafterashowingoranopenhouse,includingthetakinganduseofphotographsandvideosofthe Property,
(iii)inappropriateuseofinformationaboutthePropertyplacedontheInternetorfurnishedtoanylistingserviceinwhichthe Firmparticipates,and
(iv)informationaboutthePropertyplacedontheInternetbyorthroughanylistingserviceinwhichtheFirmparticipateswhich isinaccurateordated,orinformationaboutthePropertywhichmayremainontheInternetfollowingtheExpirationDate, includingbutnotlimitedtophotographs.
SelleracknowledgesandunderstandsthatneitherFirmnoritsagentshavecontroloverinformationaboutthePropertythathasbeen placedontheInternetinconnectionwiththemarketingoftheProperty,whetherbyorthroughalistingserviceorotherwise,including butnotlimitedtophotographs,andthatanysuchinformationwillnotberemoved.
SelleragreesthatSellerissolelyresponsibleforsecuringallSellervaluables(cash,jewelry,firearms,etc.),medications,tools,and otheritemsofpersonalpropertyduringtheTermofthisAgreement.
SellerthereforeagreestoreleaseanddischargeFirmandFirm'sagentsfromanyandallclaims,demands,rightsandcausesofaction ofwhatsoeverkindandnaturenotcausedbyFirm'snegligencearisingdirectlyorindirectlyoutofanysuchmarketingservices.
WARNING: ITMAYBEACRIMEUNDERFEDERALANDSTATELAWSTOLISTENTOORRECORDANORAL COMMUNICATIONTHROUGHTHEUSEOFANYELECTRONIC,MECHANICAL,OROTHERDEVICEWITHOUTTHE CONSENTOFAPARTYTOTHATCOMMUNICATION.Ifthereisavideo/audio/surveillancedevice(s)ontheProperty,Selleris advised:(i)thatnoaudiosurveillancedevicemaybeturnedonduringanyshowings,openhouses,investigations,examinationsor inspectionsoftheProperty;and(ii)thattheplacementofanyvideosurveillancedeviceshouldnotviolateavisitor'sreasonable expectationofprivacy.
(a)Firmdoesdoesnotmaintainatrustaccounttoholdearnestmoneydeposits.Anyinitialandadditionalearnestmoneydeposits andanyotherearnestmoniespaidinconnectionwithanytransactionshallbeheldbyanescrowagentnamedinthesalescontractuntil theconsummationorterminationofthetransaction.Anyearnestmoneyforfeitedbyreasonofthebuyer'sdefaultunderasalescontract shallbedividedequallybetweentheFirmandSeller.InnoeventshallthesumpaidtotheFirmbecauseofabuyer'sdefaultbeinexcess ofthefeethatwouldhavebeendueifthesalehadclosedascontemplatedinthesalescontract.InaccordancewithNCGeneralStatutes Section93A-12,ifadisputeregardingthereturnorforfeitureofanyearnestmoneydepositarisesbetweenSellerandthebuyer,the escrowagentholdingthedepositmaydepositthedisputedmonieswiththeappropriateClerkofCourtfollowingwrittennoticetothe
parties.Intheeventofanysuchdispute,SellerdirectsFirmtodiscloseSeller'slastknownmailingaddresstotheescrowagentupon requesttoenabletheescrowagenttocomplywiththenoticerequirementofsuchlaw.
(b)AnyDueDiligenceFeewillbepaidtoeitherSelleror(insertotherpartyorparties): .Firmagreestodirectanypotentialbuyerin writingtomakeanyDueDiligenceFeepayableasrequestedinthissubparagraph.
(a)Ownership. Seller: hasownedthePropertyforatleastoneyear hasownedthePropertyforlessthanoneyear doesnotyetowntheProperty
IfSellerdoesnotyetowntheProperty,SelleragreestopromptlyprovideFirminformationpertainingtoSeller'sacquisitionofthe Property,suchasacopyofasalescontractoroptionfortheProperty,andtokeepFirmtimelyinformedofalldevelopments pertainingtoSeller'sacquisitionoftheProperty.
(b)Bankruptcy. Seller:
(1)isisnotunderbankruptcyprotectionunderUnitedStateslaw.
(2)isisnotcontemplatingseekingbankruptcyprotectionduringthetermofthisAgreement.
(c)Access. ThePropertyhaslegalaccesstoapublicrightofway.Ifaccessisbyprivateroad/easement/other,there isisnot anagreementregardingthemaintenanceofsuchprivateroad/easement/othermeansofaccess.Ifapplicable,Selleragreestopromptly provideFirminformationpertainingtoanysuchagreement.
(d)Manufactured(Mobile)Home. CompleteONLYifthereisamanufactured(mobile)home(s)onthePropertythatSeller intendstoincludeasapartofthesaleoftheProperty:VIN(s): orVIN(s) unknown.Otherdescription (year,model,etc.):
(e)Owners'Association. (CompleteONLYifthePropertyissubjecttoregulationand/orassessmentbyanowners'association.) Thename,addressandtelephonenumberofthepresidentoftheowners'associationortheassociationmanageris:
Owners'associationwebsiteaddress,ifany: Thename,addressandtelephonenumberofthepresidentoftheowners'associationortheassociationmanageris: Owners'associationwebsiteaddress,ifany:
(f) Describeanyknownpotentialorpendingdispute,violation,orlitigationthatinvolvesoraffectsSeller,theOwners' association,ortheProperty:
(g) Selleris isnotaforeignpersonasdefinedbytheForeignInvestmentinRealPropertyTaxAct.IfSellerisnota foreignpersonasdefinedbyFIRPTA,Selleragreestoprovidetheclosingattorneywithanon-foreignstatusaffidavit(pursuanttothe ForeignInvestmentinRealPropertyTaxAct).SelleracknowledgesthattheremaybewithholdingasprovidedbytheInternal RevenueCodeifSellerdoesnotprovideanon-foreignstatusaffidavit.
(h)ReceiptofSampleForms.
SelleracknowledgesreceiptofasamplecopyofanOffertoPurchaseAndContract(form2-T)orOffertoPurchaseand Contract-NewConstruction(form800-T),asmaybeappropriateforreviewpurposes.
SelleracknowledgesreceiptofasamplecopyofaProfessionalServicesDisclosureandElectionform(form#760)for reviewpurposes.
Eachofthefollowingrepresentationsismade tothebestofSeller'sknowledge:
(i)FloodHazard,Wetlands,andFloodInsuranceDisclosure.
YesNo-ThePropertyislocatedpartlyorentirelywithinadesignatedfederal,state,orlocalfloodorhazardarea.
YesNo-ThePropertyisaffectedbyotherwaterorriparianissues,suchascreekbuffersorwetlands.Ifyes,pleaseprovide detail: .
YesNo-TheSellerdoesnotcurrentlymaintainfloodinsuranceontheProperty.
(j)SyntheticStucco. ThePropertyhasnotbeencladpreviously(eitherinwholeorinpart)withan“exteriorinsulatingand finishingsystem,”commonlyknownas“EIFS”or“syntheticstucco”,unlessdisclosedasfollows:
(k)TermiteBond.ThereisisnotatermitebondontheProperty.Ifthereisatermitebond,it isisnottransferable.If transferable,thetransfercostis$ ,andthebondingcompanyis:
(l)CurrentLiens
ThePropertyisisnotencumberedbyadeedoftrustormortgage. Completeanyofthefollowingwhereapplicable:
(i)ThereisafirstdeedoftrustormortgageonthePropertysecuringaloanheldby: LenderName:
Approximatebalance:$
LenderPhone#: LenderAddress:
(ii)ThereisaseconddeedoftrustormortgageonthePropertysecuringaloanheldby: LenderName:
Approximatebalance:$
LenderPhone#: LenderAddress:
(iii)ThereisadeedoftrustormortgageonthePropertysecuringanequitylineofcreditheldby: LenderName:
Approximatebalance:$
LenderPhone#: LenderAddress:
(2)Selleriscurrentonallpaymentsfortheloansidentifiedinnumbereditems(i),(ii)and(iii)aboveexceptasspecifiedin (7)below.
(3)Sellerisnotindefaultonanyloanidentifiedinnumbereditems(i),(ii)and(iii)aboveandhasnotreceivedanynotice(s) fromtheholderofanyloanidentifiedinnumbereditems(i),(ii)and(iii)aboveorfromanyotherlienholderofanykind,regardinga defaultundertheloan,threatenedforeclosure,noticeofforeclosure,orthefilingofforeclosureexceptasspecifiedin(7)below.
(4)TherearenotanylienssecuredagainstthePropertyforFederal,Stateorlocalincometaxes,unpaidrealpropertytaxes, unpaidcondominiumorhomeowners'associationfees,mechanics',laborers'ormaterialmen'sliens,orotherliensaffectingthe Property,andSellerhasnoknowledgeofanymatterthatmightresultinalienaffectingthePropertyexceptasspecifiedin(7)below.
(5)TherearenotanyjudgmentsagainstSelleraffectingtheProperty,andSellerhasnoknowledgeofanymatterthatmight resultinajudgmentthatmaypotentiallyaffectthePropertyexceptasspecifiedin(7)below.
(6)TherearenotanyUniformCommercialCode(UCC)fixturefilingsaffectingtheProperty,andSellerhasnoknowledge ofanymatterthatmightresultinaUCCfixturefilingaffectingthePropertyexceptasspecifiedin(7)below.
(7)Specifyanyinformation,includingapproximatebalances,requiredbySellerrepresentations(2)through(6)above:
NOTE: OutstandingliensmayaffectSeller'snetproceeds.
(m)Lease(s). ThePropertyisisnotsubjecttoanylease(s).Ifapplicable:
(i)SelleragreestopromptlyprovideFirmacopyofanysuchlease(s)orawrittenstatementofthetermsofanyorallease(s);
(ii)IfthePropertyismanagedbysomeoneotherthanSeller,themanager'snameandcontactinformationisas follows: . SellerauthorizesanysuchmanagertoreleaseanddisclosetoFirmanyrelevantinformationaboutanyleases(s)andtocooperatewith FirminthesaleoftheProperty.
(n)FHAAppraisal.AnFHAappraisal hashasnotbeenperformedonthePropertywithinfourmonthspriortotheEffective Date.Ifapplicable,SelleragreestopromptlyprovideFirmacopyofanysuchappraisalifavailable.
NOTE: AnysuchappraisalmayormaynotbebindingonabuyerwhointendstoobtainFHAfinancing.
(o)SpecialAssessments. TherearenoSpecialAssessments(asdefinedinthesamplecontractformprovidedtoSeller) regardingthePropertythathavebeenapprovedorareunderconsiderationexceptasfollows(Insert“none”ortheidentificationof suchassessments,ifany):
(p)FuelTank/Fuel: Thereisisnotafueltank(s)locatedontheProperty. If“yes”completethefollowing
(i)Description:
Tank1:
Useoftank1:currentlyinusecurrentlyNOTinuse(ifnotinuse,indicateiftankclosedandmethodusedtoclose tank,ifknown):
Ownershipoftank1:owned leased.Ifleased,thenameandcontactinformationoftanklessoris:
Locationoftank1: abovegroundbelowground
Typeoffuel: oil propane gasolineand/ordiesel other: Page8of13
Refillingschedule: auto-refill (insertfrequency): other (describe):
Nameandcontactinformationoffuelvendor:
Tank2:
Useoftank2:currentlyinusecurrentlyNOTinuse(ifnotinuse,indicateiftankclosedandmethodusedtoclose tank,ifknown):
Ownershipoftank2:owned leased.Ifleased,thenameandcontactinformationoftanklessoris:
Locationoftank2: abovegroundbelowground
Typeoffuel: oil propane gasolineand/ordiesel other:
Refillingschedule: auto-refill (insertfrequency): other (describe):
Nameandcontactinformationoffuelvendor:
(ii)Tank(s)includedinsale:AnytankdescribedabovethatisownedbySellershallbeincludedinthesaleaspartofthe PurchasePricefreeofliens,unlessexcludedinparagraph3(e)above.
(iii)Fuel:Sellermayusefuelinthetank(s)describedabovethroughSettlement,butmaynototherwiseremovethefuelor resellit.Anyfuelremaininginthetank(s)asofSettlementshallbeincludedinthesaleaspartofthePurchasePrice,freeof liens.
NOTE: SellerisadvisedtoconsultwithSeller'sfuelprovidertodiscussthemannerinwhichanyfueltank(s)willberefilled betweenthedateofacontractonthePropertyandclosingontheProperty,includingdiscontinuationofanyperiodicrefilling.
NOTE: Seller'suseoffuelinanyfueltankissubjecttoSeller'sobligationunderParagraph8(c)oftheOffertoPurchaseand Contract(Form2-T)toprovideworking,existingutilitiesthroughtheearlierofClosingorpossessionbyBuyer.
(q)OffSiteand/orSeparateSepticLot,BoatSlip,Garage,ParkingSpace,StorageUnit. SaleofthePropertywillwill notincludethefollowingoff-siteand/orseparatesepticlot,boatslip,garage,parkingspace,orstorageunit(description):
(r)GovernmentalCompliance: SellerwarrantsthatthePropertyisnotinviolationofanylaw,ordinance,permit,orgovernment regulation(including,butnotlimitedto,thoserelatingtobuilding,stormwater,impervioussurface,environmentalprotection,and zoning),exceptforthefollowing:
If,duringthetermofthisAgreement,Sellerbecomesawarethatanyoftherepresentationssetforthinthisparagraph12areincorrect ornolongeraccurate,SellershallpromptlynotifyFirmandcooperatewithFirmintakingappropriatecorrectiveaction.
(s)RelocationCompanyDisclosure: Sellerisisnotworkingwitharelocationcompanyinconnectionwithsellingthe Property.
13. SELLER'SDUTIES. SelleragreestocooperatewithFirminthemarketingandsaleoftheProperty,includingbutnotlimitedto:
(a)providingtoFirm,inatimelymanner,accurateinformationincludingbutnotlimitedtothefollowing:
(i)ResidentialPropertyandOwner'sAssociationDisclosureStatement(unlessexempt);
(ii)MineralandOilandGasRightsMandatoryDisclosureStatement(unlessexempt);and
(iii)Lead-BasedPaintorLead-BasedPaintHazardAddendumwithrespecttoanyresidentialdwellingbuiltpriorto1978.
WARNING: SELLERUNDERSTANDSTHATIFALEAD-BASEDPAINTDISCLOSUREISREQUIREDBUTNOT GIVENTOBUYERPRIORTOSELLER'SACCEPTANCEOFANYOFFER,BUYERMAYNOTBEOBLIGATEDTO PURCHASETHEPROPERTYUNDERFEDERALLAW.
(b)makingthePropertyavailableforshowing(includingworking,existingutilities)atreasonabletimesanduponreasonablenotice;
(c)providingFirmassoonasreasonablypossibleaftertheexecutionofthisAgreementcopiesofthefollowingdocuments (whererelevant)inthepossessionofSeller:
(1)restrictivecovenantsaffectingtheProperty;
(2)bylaws,articlesofincorporation,rulesandregulations,andothergoverningdocumentsoftheowners'associationand/or thesubdivision;
(3)owners'association'sstatementofaccount,masterinsurancepolicyshowingcoverageprovidedanddeductibleamount, currentfinancialstatementandbudgetoftheowners'association,parkingrestrictionsandinformation,andarchitecturalguidelines;
(4)titleinsurancepolicies,attorney'sopinionsontitle,surveys,covenants,deeds,notesanddeedsoftrustandeasements relatingtotheProperty.
Sellerauthorizes(1)anyattorneypresentlyorpreviouslyrepresentingSellertoreleaseanddiscloseanytitleinsurancepolicyinsuch attorney'sfiletoFirm,(2)theProperty'stitleinsureroritsagenttoreleaseanddiscloseallmaterialsintheProperty'stitleinsurer's(or titleinsurer'sagent's)filetoFirm,and(3)theowners'associationmanager(orotherauthorizedrepresentative)toreleaseanddisclose copiesofalldocumentsreferencedinsubparagraphs(c)(1),(c)(2),and(c)(3)above.SelleracknowledgesandunderstandsthatFirmis undernoobligationtoacquireanyoftheinformationreferencedinthissubparagraph(c)ortoverifytheaccuracyofanysuch informationthatmaybeprovidedtoFirm.
(d)immediatelyreferringtoFirmallinquiriesoroffersitmayreceiveregardingtheProperty;showingthePropertyonlyby appointmentmadebyorthroughFirm;andconductingallnegotiationsthroughFirm.
(e)executinganddeliveringatsettlementaGENERALWARRANTYDEEDconveyingfeesimplemarketabletitletothe Property,includinglegalaccesstoapublicrightofway,freeofallencumbrancesexceptadvaloremtaxesforthecurrentyear,utility easements,rights-of-way,andunviolatedrestrictivecovenants,ifany,andthoseencumbrancesthatthebuyeragreestoassumeinthe salescontract.
SellerrepresentsthattheSellerhastherighttoconveytheProperty,andthattherearecurrentlynocircumstancesthatwouldprohibit theSellerfromconveyingfeesimplemarketabletitleassetforthintheprecedingsentence,exceptas follows(insertN/Aifnot applicable):
NOTE: IfanysaleofthePropertymaybea“shortsale,”considerationshouldbegiventoattachingNCARform104asanaddendum tothisAgreement.
(f)providingFirm,inatimelymanner,anyinformationnecessary(includinganyinformationomittedunderParagraph12)to enableFirmtoprepareanestimateofSeller'snetproceedsatsettlement.Selleracknowledgesandunderstandsthatanysuchestimate isanapproximationonlyandthatSellershouldverifytheaccuracyofthecalculations.
(g)ifrequiredbyN.C.G.S.§44A-11.1,timelydesignatingaLienAgent,andprovidingFirmassoonasreasonablypossiblea copyoftheappointmentofLienAgent.
14. HOMEINSPECTION: SellerisadvisedtoobtainahomeinspectionforthepurposeofevaluatingtheconditionoftheProperty inordertoenhanceitsmarketabilityandtohelpreduceconcernsofprospectivebuyers.Seller agreesdoesnotagreetoobtain andpayforahomeinspectionbyalicensedNCHomeInspectorwithin daysaftertheexecutionofthisagreement.
15. PHOTOGRAPHSANDOTHERMATERIALS: Firmisspecificallyauthorizedtouse,foranypurposeswhatsoever,anyand allphotographs,drawings,video,advertisingcopyorotherinformationobtainedbyorprovidedtoFirmpursuanttothisAgreement (includingbutnotlimitedtoanyinformationconcerningthepriceandtermsofthesaleoftheProperty,thedescriptionoftheProperty andthelengthoftimethePropertyisonthemarket)(“Materials”),bothbeforeandafterthesaleor,intheeventthereisnotasale, afterthisAgreementhasexpired.SellershallnothaveoracquireanyrightstouseanyoftheMaterialscreatedby,onbehalfof,orat thedirectionofFirmoranagentofFirmeitherduringoraftertheTermofthisAgreementwithoutFirm'swrittenconsent.IfSeller providesanyMaterialstoFirm(“SellerMaterials”),SellerrepresentsthatSellerownstheSellerMaterialsorotherwisehasthelegal righttoprovidetheSellerMaterialstoFirm,andSellergrantstoFirmandanylistingserviceinwhichFirmoritsagentsparticipatea non-exclusive,perpetuallicensetousetheSellerMaterials,includingtherightstodisplay,reproduce,distributeormakederivative worksfromtheSellerMaterials.SelleragreestoindemnifyandholdFirmanditsagentsharmlessfromanyandallclaimsresulting fromuseoftheSellerMaterialsunderthetermsofthislicense.
16. ADDITIONALTERMSANDCONDITIONS. Thefollowingadditionaltermsandconditionsshallalsobeapartofthis Agreement:
17. DUALAGENCY. Sellerunderstandsthatthepotentialfordualagencywillariseifabuyerwhohasanagencyrelationshipwith FirmbecomesinterestedinviewingtheProperty.Firmmayrepresentmorethanonepartyinthesametransactiononlywiththe knowledgeandinformedconsentofallpartiesforwhomFirmacts.
(a)DisclosureofInformation. IntheeventFirmservesasadualagent,Selleragreesthatwithoutpermissionfromtheparty aboutwhomtheinformationpertains,Firmshallnotdisclosetotheotherpartythefollowinginformation:
(1)thatapartymayagreetoaprice,terms,oranyconditionsofsaleotherthanthoseoffered; (2)themotivationofapartyforengaginginthetransaction,unlessdisclosureisotherwiserequiredbystatuteorrule;and
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Individualagentinitials Sellerinitials ©7/2024
(3)anyinformationaboutapartywhichthatpartyhasidentifiedasconfidentialunlessdisclosureisotherwiserequiredby statuteorrule.
(b)Firm'sRoleasDualAgent. IfFirmservesasagentforbothSellerandabuyerinatransactioninvolvingtheProperty,Firm shallmakeeveryreasonableefforttorepresentSellerandbuyerinabalancedandfairmanner.Firmshallalsomakeeveryreasonable efforttoencourageandeffectcommunicationandnegotiationbetweenSellerandbuyer.Sellerunderstandsandacknowledgesthat:
(1)Priortothetimedualagencyoccurs,FirmwillactasSeller'sexclusiveagent;
(2)InitsseparaterepresentationofSellerandbuyer,Firmmayobtaininformationwhich,ifdisclosed,couldharmthe bargainingpositionofthepartyprovidingsuchinformationtoFirm;
(3)FirmisrequiredbylawtodisclosetoSellerandbuyeranyknownorreasonablyascertainablematerialfacts. SelleragreesFirmshallnotbeliabletoSellerfor(i)disclosingmaterialfactsrequiredbylawtobedisclosed,and(ii)refusingorfailing todiscloseotherinformationthelawdoesnotrequiretobedisclosedwhichcouldharmorcompromiseoneparty'sbargainingposition butcouldbenefittheotherparty.
(c)Seller'sRole. ShouldFirmbecomeadualagent,Sellerunderstandsandacknowledgesthat:
(1)SellerhastheresponsibilityofmakingSeller'sowndecisionsastowhattermsaretobeincludedinanypurchaseand saleagreementwithabuyerclientofFirm;
(2)SellerisfullyawareofandunderstandstheimplicationsandconsequencesofFirm'sdualagencyroleasexpressed hereintoprovidebalancedandfairrepresentationofSellerandbuyerandtoencourageandeffectcommunicationbetweenthem ratherthanasanadvocateorexclusiveagentorrepresentative;
(3)Sellerhasdeterminedthatthebenefitsofdualagencyoutweighanydisadvantagesoradverseconsequences;
(4)SellermayseekindependentlegalcounseltoassistSellerwiththenegotiationandpreparationofapurchaseandsale agreementorwithanymatterrelatingtothetransactionwhichisthesubjectmatterofapurchaseandsaleagreement.
ShouldFirmbecomeadualagent,Sellerwaivesallclaims,damages,losses,expensesorliabilities,otherthanforviolationsofthe NorthCarolinaRealEstateLicenseLawandintentionalwrongfulacts,arisingfromFirm'sroleasadualagent.Sellershallhavea dutytoprotectSeller'sowninterestsandshouldreadanypurchaseandsaleagreementcarefullytoensurethatitaccuratelysetsforth thetermswhichSellerwantsincludedinsaidagreement.
(d)DesignatedDualAgency. Whenarealestatefirmrepresentsboththebuyerandsellerinthesamerealestatetransaction,the firmmay,initsdiscretion,offerdesignateddualagency.Ifoffered,designateddualagencypermitsthefirm,withthepriorexpress approvalofboththebuyerandseller,todesignateoneormoreagentstorepresentonlytheinterestsofthesellerandadifferent agent(s)torepresentonlytheinterestsofthebuyer,unlessprohibitedbylaw.
NOTE: Anindividualagentmaynotbedesignatedtorepresentapartyinatransactionifthatagenthasreceivedconfidential informationconcerningtheotherpartyinconnectionwiththetransaction.
(e)Authorization/Direction (initialeitherDualAgencyorExclusiveRepresentation).
DualAgency.SellerauthorizestheFirmtoactasadualagent,representingboththeSellerandthebuyer,subjectto thetermsandconditionssetforthinParagraph17.
SellerDOESDOESNOTauthorizethesameindividualagenttorepresentboththeSellerandthebuyerina transaction.
(alsoinitialifFirmoffersdesignateddualagencyandSellerauthorizesdesignateddualagency) DesignatedDualAgency.InadditiontoauthorizingFirmtoactasadualagent,SellerauthorizesanddirectsFirmto designateanindividualagent(s)torepresenttheSellerandadifferentindividualagent(s)torepresentthebuyer. Firmwillpracticedesignateddualagencyunless:(i)designatedagencywouldnotbepermittedbylawdueto circumstancesexistingatthetimeofthetransaction,or(ii)SellerauthorizesFirminwritingtoremainindual agencyonly. OR
ExclusiveRepresentation.SellerdesiresexclusiverepresentationatalltimesduringthisagreementanddoesNOT authorizedualagency.
18. TERMINATION/BREACH/MEDIATION/ATTORNEYS'FEES.
(a)Termination. SelleracknowledgesandunderstandsthatthisAgreementconstitutesabinding,exclusivecontractbetween SellerandFirmfortheentireTermstatedabove.Seller'swithdrawalfromthefiduciaryrelationshipexistingbetweenSellerandFirm priortotheExpirationDateofthisAgreement,orSeller'sexecutionofalistingagreementwithanotherfirmthatbecomeseffective duringtheTermofthisAgreement,wouldbeamaterialbreachofthisAgreementunlessithasbeenterminatedinwritingbymutual consentofSellerandFirmorforlegally-sufficientcause,andanysubsequentsaleofthePropertyduringtheTermmayentitleFirmto theFeedescribedinparagraph7(a). Page11of13
(b)Breach. IfSellerisinmaterialbreachofthisAgreement,FirmwillbeentitledtopursueallremediesavailabletoFirmfor suchbreach,includingbutnotlimitedtorecoveryoftheFeedescribedinparagraph7(a).ThisprovisionisinadditiontoFirm'sright totheFeeifSellerbreachesthisAgreementaftertheFeehasbeenearnedinaccordancewithparagraph7(b).IfFirmisinmaterial breachofthisAgreement,SellerwillbeentitledtopursueallremediesavailabletoSellerforsuchbreach.
(c)Mediation. IfadisputearisesoutoforrelatedtothisAgreementorthebreachthereof,andifthedisputecannotbesettled throughnegotiation,thepartiesagreefirsttotryingoodfaithtosettlethedisputebymediationbeforeresortingtoarbitration, litigation,orsomeotherdisputeresolutionprocedure.Iftheneedformediationarises,thepartieswillchooseamutuallyacceptable mediatorandwillsharethecostofmediationequally.
(d)Attorneys'Fees. IflegalproceedingsarebroughtbyFirmorSelleragainsttheother,thepartiesagreethatapartyshallbe entitledtorecoverreasonableattorneys'feestotheextentpermittedunderN.C.Gen.Stat.§6-21.2.
19. WIREFRAUDWARNING.
IFSELLER'SPROCEEDSWILLBEWIRED,ITISRECOMMENDEDTHATSELLERPROVIDEWIRING INSTRUCTIONSATCLOSINGINWRITINGINTHEPRESENCEOFTHEATTORNEY.IFSELLERISUNABLETO ATTENDCLOSING,SELLERMAYBEREQUIREDTOSENDANORIGINALNOTARIZEDDIRECTIVETOTHE CLOSINGATTORNEY'SOFFICECONTAININGTHEWIRINGINSTRUCTIONS.THISMAYBESENTWITHTHE DEED,LIENWAIVERANDTAXFORMSIFTHOSEDOCUMENTSAREBEINGPREPAREDFORSELLERBYTHE CLOSINGATTORNEY.ATAMINIMUM,SELLERSHOULDCALLTHECLOSINGATTORNEY'SOFFICETO PROVIDETHEWIREINSTRUCTIONS.THEWIREINSTRUCTIONSSHOULDBEVERIFIEDOVERTHE TELEPHONEVIAACALLTOSELLERINITIATEDBYTHECLOSINGATTORNEY'SOFFICETOENSURETHAT THEYARENOTFROMAFRAUDULENTSOURCE.
SELLERSHOULDCALLTHECLOSINGATTORNEY'SOFFICEATANUMBERTHATISINDEPENDENTLY OBTAINED.TOENSURETHATSELLER'SCONTACTISLEGITIMATE,SELLERSHOULDNOTRELYONAPHONE NUMBERINANEMAILFROMTHECLOSINGATTORNEY'SOFFICE,SELLER'SREALESTATEAGENTOR ANYONEELSE.
Selleracknowledgesandunderstandsthattherearerisksassociatedwithwiretransfersthatarenotwithinthereasonable controlofFirm,andSellerherebyagreestoreleaseanddischargeFirmandFirm'sagentsfromanyandallclaims,demands, rightsandcausesofactionofwhatsoeverkindandnaturenotcausedbygrossnegligenceofFirmorFirm'sagentsarising directlyorindirectlyoutofanywiretransferSellersendsorreceives/wastoreceiveinconnectionwithanyrealestate transactioninwhichFirmrepresentsSeller.
20. ENTIREAGREEMENT/CHANGES. ThisAgreementconstitutestheentireagreementbetweenSellerandFirmandthereare norepresentations,inducements,orotherprovisionsotherthanthoseexpressedherein.ThisAgreementmaybesignedinmultiple originalsorcounterparts,allofwhichtogetherconstituteoneandthesameinstrument.Allchanges,additions,ordeletionstothis AgreementmustbeinwritingandsignedbybothSellerandFirm.
NOTE: TheNorthCarolinaRealEstateCommissionpublishesaseriesofQ&Abrochuresthataddresscommonquestionsona varietyoftopicsrelatingtorealestatetransactions,includingofferandacceptance,earnestmoneydeposits,homeinspections,and realestateclosings.TheyareavailablefreeofchargeontheCommission'swebsiteatwww.ncrec.gov.
SellerandFirmeachacknowledgereceiptofasignedcopyofthisAgreement.
THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.MAKESNOREPRESENTATIONASTOTHELEGAL VALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANYSPECIFICTRANSACTION.
ThisComingSoon-NoShowstatussellerauthorizationformherebymodifiestheexclusivelisting agreementbetweentheseller(s)andthelistingbrokerageandauthorizesthelistingbrokerageto beginmarketingthepropertyasComingSoon-NoShowforamaximumof21daysasdescribedbelow.
ComingSoon-NoShowstatusindicatesthatthelistingbrokerageandthesellerarepreparingthe propertyforsalebeforemarketinginActivestatus.Theremustbeavalidlistingagreementbetween thesellerandthelistingbrokerage.ListingsinComingSoon-NoShowstatusmusthaveseller approval,whichmaybeobtainedusingthisform.ThelistingdoesnotbeginaccruingDaysonMarket (DOM)untilitmovestoActivestatus.
ComingSoon-NoShowstatusisnotintendedtogivethelistingbrokerageanadvantageinfindinga buyerforthepropertytothedetrimentofcooperatingbrokers,norisitintendedtocircumventthe saleofthepropertyonanopenmarket.
ComingSoon-NoShowstatusprovidesamethodforlistingagentstonotifyothercooperatingbrokers andthepublicofpropertiesthatwillbemadefullyavailableforshowingafterpreparationshavebeen completed.PropertiesinComingSoon-NoShowstatusMAYNOTBESHOWN.Anyshowingofa propertyinComingSoon-NoShowstatusdisqualifiesthepropertyfromthatstatus,andthelisting agentiscitedforaCategoryIVviolationoftheCanopyMLSRulesandRegulations(firstviolation= $1,000,secondviolation=$3,000,thirdviolation=expulsionfromCanopyMLS).
ComingSoon-NoShowstatuscanbeusedaslongasthepropertyhasnotbeenshown.
1. MarketingandActivedates:
CanopyMLSRulesandRegulationsrequireresidentiallistingsforsale(excludingnewconstruction thatis“proposed”or“underconstruction”)tobesubmittedtothelistingserviceanddisseminated toitsparticipantswithinone(1)businessdayofthe“MarketingDate”inNorthCarolinaorthe beginningofthetermofthelistingforSouthCarolina,orwithinone(1)businessdayofmarketing thelistingtothepublic,whicheveroccursfirst.
●ForNorthCarolina,tomarketthelistingas“ComingSoon-NoShow”enterthedatespecified undertheComingSooncheckboxoptiononthelistingagreement.
●ForSouthCarolinalistings,theActiveDateenteredonthisformbelowisthedatewhenthelisting willautomaticallytransitionfromComingSoon-NoShowstatustoActivestatus.
ActiveDate
2. ApropertyinComingSoon-NoShowstatusMAYNOTBESHOWNbyanyone,includingbutnot limitedtotheselleroranybroker!NoshowingsofthepropertymayoccuruntilthelistingisinActive statusintheMLS.AppointmentscanbescheduledinadvancewithShowingTimeforwhenthelisting changestoActivestatus.ClickhereformoreimportantinformationaboutusingComingSoon-NoShow status.(https://support.canopymls.com/kb/article/87-coming-soon-no-show/)
Seller(s)initialsSeller(s)initials
3. Itisinthebestinterestofmostsellerstogetthehighestpossiblepriceonthebesttermsfortheir property,andmaximizingexposureoftheirpropertyadvancesthatinterest.Acceptinganofferonthe propertybeforeitisfullyexposedtothewidestgroupofpotentialbuyersmaydenythesellerthebest opportunitytoattractoffersatthehighestpriceandbestterms.
Seller(s)initialsSeller(s)initials
4. OncethelistingtransitionsfromComingSoon-NoShowstatustoActivestatus, itcannotrevert backtoComingSoon-NoShowstatus.Alistingbrokermaynotre-listapropertyinComingSoon-No ShowstatusunlessthelistinghasbeeninExpiredorWithdrawnstatusformorethan90days,the propertyislistedwithanewbrokeragefirm,orthepropertyhasbeensoldorrented.
Seller(s)initialsSeller(s)initials
5. WhilethepropertyisinComingSoon-NoShowstatusthesellerandthelistingbrokershallonly promoteoradvertisethepropertyas“comingsoon.”
Seller(s)initialsSeller(s)initials
6. IfthepropertyisnotreadyforshowingsuponreachingtheActiveDate,itcanbeplacedon TemporarilyOffMarketstatus,underwhichtherearenopropertyshowingsoropenhouses,andthe listingwillnotbemarketedonmostbrokerageandthird-partysyndicationwebsites,althoughsign removalisnotrequired.Alternatively,youcanallowittochangetoActivestatus,indicate “noshowingsuntilxxdate”inthePublicRemarks,andimposeashowingblockinShowingTime.Be careful,though.Ifthesellerorlistingagentallowsevenoneshowing,itcouldbeconstruedas misrepresentingtheavailabilityofthepropertyforshowing,whichisaviolationoftheCanopyMLS RulesandRegulationsandtheRealtor®CodeofEthics.
Seller(s)initialsSeller(s)initials
7.ToavoidaviolationoftheComingSoon-NoShowrulesandcomplywiththeMLSrulestatingthat agentsshouldnotmisrepresenttheavailabilityofapropertytobeshownorinspected,thelisting shouldbeinActivestatusonthedayofanestate/garagesaleorauctionduetothepotentialfora prospectivebuyertoseethepropertyinperson.If,aftertheestate/garagesale/auction,theproperty needsmoreworktobereadyforActivestatusandshowings,theListingBrokeragecan,withtheseller's writtendirection,changethestatustoTemporarilyoffMarket.IfthelistingwillbeinActivestatus temporarilyduringtheestate/garagesale/auction,CanopyMLSsuggestsaddinganexplanationinthe AgentRemarksofthelisting.
Seller(s)initialsSeller(s)initials
NOTE: Onlyusethisformtocreateanagreementforcooperatingcompensationifasellerisrepresentedbyalicensedrealestate broker.UseForm150insteadofthisformifyouarecreatingacompensationagreementwithanunrepresentedseller. DONOT UPLOADTHISFORMTOTHEMLS.
“Seller”: “Buyer”: “Property”:
1. FEE:(CheckOnlyOne) Selleror ListingFirmagreestopaySellingFirmcooperatingcompensationasfollows(the “Fee”),subjecttothetermsofthisagreement:
%ofthegrosssalesprice; Aflatfeeof$;or, Other:
2. PAYMENTOFTHEFEE:
a.TheFeewillbeearnedbySellingFirmuponbothBuyerandSellersigningawrittencontractforthesaleoftheProperty (the“Contract”)duringthetermofthisagreement.TheFeewillbedueandpayabletoSellingFirmwhenBuyer,any authorizedassigneeofBuyer,oranypartyauthorizedbyBuyerandSellerundertheContractoranyamendmentthereto, closesonthepurchaseoftheProperty.
b.TheFeewillbepaidatclosing,asdefinedintheContract,unlessotherwiseagreed.
3. TERM,EFFECTIVENESS,ANDEXPIRATION:ThisagreementshallbeeffectivewhensignedbySellerorListing Firm,asapplicable,andSellingFirm.Thisagreementwillterminateupontheearlierofclosing,asdefinedintheContract,or ,20,unlesstheFeehasbeenearnedpriortosuchdate.IftheFeehasbeenearnedpriorto theexpirationdateinthisparagraph,thenthisagreementshallnotterminateanditwillcontinuetobeinfullforceandeffect untilclosing,asdefinedintheContract,oruntiltheContractisterminated,solongassuchterminationisnotaresultof Seller'sbreach.
4. MERGER,MODIFICATION,ASSIGNMENT,ENFORCEMENT,ANDGOVERNINGLAW:ThisAgreement representstheentireagreementofthepartieshereto.Allpriorunderstandingsandagreementsaremergedintothisdocument. Thisagreementmayonlybemodifiedbyawrittendocumentsignedbyallparties,anditmaynotbeassignedexceptby writtenconsentofallparties.Iflegalproceedingsareinstitutedtoenforceanyprovisionofthisagreement,theprevailing partyintheproceedingshallbeentitledtorecoverfromthenon-prevailingpartyreasonableattorney'sfeesandcourtcosts incurredinconnectionwiththeproceeding.ThisagreementisgovernedbyNorthCarolinalaw.
THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.,MAKESNOREPRESENTATIONASTOTHELEGAL VALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANYSPECIFICTRANSACTION.
Date: ListingFirm: AgentName(Print): By: (AgentSignature)
Date:
Seller: (Signature)
Date:
Seller: (Signature)
EntitySeller: (NameofLLC/Corporation/Partnership/Trust/Etc.)
By:
Name(Print):
Title:
Date:
Date: SellingFirm: AgentName(Print): By: (AgentSignature)
Date: Buyer: (Signature)
Date: Buyer: (Signature)
EntityBuyer: (NameofLLC/Corporation/Partnership/Trust/Etc.)
By: Name(Print):
Title:
Date:
Buyersignstoacknowledgereceiptofthisformandconsentto thefeearrangementhereinonly.
PropertyAddress:
Owner'sName(s):
NorthCarolinalawN.C.G.S.47ErequiresresidentialpropertyownerstocompletethisDisclosureStatementandprovideittothebuyer priortoanyoffertopurchase.Therearelimitedexemptionsforcompletingtheform,suchasnewhomeconstructionthathasnever beenoccupied.Ownersareadvisedtoseeklegaladviceiftheybelievetheyareentitledtooneofthelimitedexemptionscontainedin N.C.G.S.47E-2.
AnownerisrequiredtoprovidearesponsetoeveryquestionbyselectingYes(Y),No(N),NoRepresentation(NR),orNotApplicable (NA).AnownerisnotrequiredtodiscloseanyofthematerialfactsthathaveaNRoption,eveniftheyhaveknowledgeofthem. However,failuretodiscloselatent(hidden)defectsmayresultincivilliability.ThedisclosuresmadeinthisDisclosureStatementare thoseoftheowner(s),nottheowner'sbroker.
◦IfanownerselectsYorN,theownerisonlyobligatedtodiscloseinformationaboutwhichtheyhaveactualknowledge.Ifan ownerselectsYinresponsetoanyquestionaboutaproblem,theownermustprovideawrittenexplanationorattachareportfrom anattorney,engineer,contractor,pestcontroloperator,orotherexpertorpublicagencydescribingit.
◦IfanownerselectsN,theownerhasnoactualknowledgeofthetopicofthequestion,includinganyproblem.IftheownerselectsN andtheownerknowsthereisaproblemorthattheowner'sanswerisnotcorrect,theownermaybeliableformakinganintentional misstatement.
◦IfanownerselectsNR,itcouldmeanthattheowner(1)hasknowledgeofanissueandchoosesnottodiscloseit;or(2)simply doesnotknow.
◦IfanownerselectsNA,itmeansthepropertydoesnotcontainaparticularitemorfeature.
ForpurposesofcompletingthisDisclosureStatement: “Dwelling” meansanystructureintendedforhumanhabitation, “Property” meansanystructureintendedforhumanhabitationandthetractofland,and “NotApplicable” meanstheitemdoesnotapplytothe propertyorexistontheproperty.
OWNERS: TheownermustgiveacompletedandsignedDisclosureStatementtothebuyernolaterthanthetimethebuyermakes anoffertopurchaseproperty.Iftheownerdoesnot,thebuyercan,undercertainconditions,cancelanyresultingcontract.Anowner isresponsibleforcompletinganddeliveringtheDisclosureStatementtothebuyereveniftheownerisrepresentedinthesaleofthe propertybyalicensedrealestatebrokerandthebrokermustdiscloseanymaterialfactsaboutthepropertythatthebrokerknowsor reasonablyshouldknow,regardlessoftheowner'sresponse.
Theownershouldkeepacopysignedbythebuyerfortheirrecords.IfsomethinghappenstomaketheDisclosureStatementincorrector inaccurate(forexample,theroofbeginstoleak),theownermustpromptlygivethebuyeranupdatedDisclosureStatementorcorrectthe problem.Notethatsomeissues,evenifrepaired,suchasstructuralissuesandfiredamage,remainmaterialfactsandmustbe disclosed byabrokerevenafterrepairsaremade.
BUYERS: Theowner'sresponsescontainedinthisDisclosureStatementarenotawarrantyandshouldnotbeasubstituteforconducting acarefulandindependentevaluationoftheproperty. Buyersarestronglyencouragedto: ●CarefullyreviewtheentireDisclosureStatement.
●Obtaintheirowninspectionsfromalicensedhomeinspectorand/orotherprofessional.
DONOTassumethatananswerofNorNRisaguaranteeofnodefect.IfanownerselectsN,thatmeanstheownerhasnoactual knowledgeofanydefects.Itdoesnotmeanthatadefectdoesnotexist.IfanownerselectsNR,itcouldmeantheowner(1)has knowledgeofanissueandchoosesnottodiscloseit,or(2)simplydoesnotknow.
BROKERS: Alicensedrealestatebrokershallfurnishtheirseller-clientwithaDisclosureStatementforthesellertocompletein connectionwiththetransaction.AbrokershallobtainacompletedcopyoftheDisclosureStatementandprovideittotheirbuyer-clientto reviewandsign.Allbrokersshall(1)reviewthecompletedDisclosureStatementtoensurethesellerrespondedtoallquestions,(2)take reasonablestepstodisclosematerialfactsaboutthepropertythatthebrokerknowsorreasonablyshouldknowregardlessoftheowner's responsesorrepresentations,and(3)explaintothebuyerthatthisDisclosureStatementdoesnotreplaceaninspectionandencourage thebuyertoprotecttheirinterestsbyhavingthepropertyfullyexaminedtothebuyer'ssatisfaction.
● BrokersareNOTpermittedtocompletethisDisclosureStatementonbehalfoftheirseller-clients.
●BrokerswhoownthepropertymayselectNRinthisDisclosureStatementbutareobligatedtodisclosematerialfactstheyknowor reasonablyshouldknowabouttheproperty.
BuyerInitials OwnerInitials
BuyerInitials OwnerInitials REV3/24 1
A1.Isthepropertycurrentlyowner-occupied? Dateowneracquiredtheproperty: Ifnotowner-occupied,howlonghasitbeensincetheowneroccupiedtheproperty?
A2.Inwhatyearwasthedwellingconstructed?
A3.Havetherebeenanystructuraladditionsorotherstructuralormechanicalchangestothe dwelling(s)?
A4.Thedwelling'sexteriorwallsaremadeofwhattypeofmaterial?(Checkallthatapply)
BrickVeneerVinyl Stone FiberCementSyntheticStuccoComposition/Hardboard
Concrete Aluminum Wood Asbestos Other
A5.Inwhatyearwasthedwelling'sroofcoveringinstalled?
A6.Istherealeakageorotherproblemwiththedwelling'srooforrelatedexistingdamage?
A7.Istherewaterseepage,leakage,dampness,orstandingwaterinthedwelling'sbasement,crawl space,orslab?
A8.Isthereaninfestationpresentinthedwellingordamagefrompastinfestationsofwood destroyinginsectsororganismsthathasnotbeenrepaired?
A9.Isthereaproblem,malfunction,ordefectwiththedwelling's: NAYes NoNR NAYes NoNR NAYes NoNR Foundation Windows AttachedGarage Slab Doors Fireplace/Chimney Patio Ceilings Interior/ExteriorWalls Floors Deck Other:
ExplanationsforquestionsinSectionA(identifythespecificquestionforeachexplanation):
B1.Isthereaproblem,malfunction,ordefectwiththedwelling'selectricalsystem(outlets,wiring, panels,switches,fixtures,generator,etc.)?
B2.Isthereaproblem,malfunction,ordefectwiththedwelling'sheatingand/orairconditioning?
B3.Whatisthedwelling'sheatsource?(Checkallthatapply) Furnace[#ofunits]HeatPump[#ofunits]Baseboard[#ofbedroomswithunits] Other
BuyerInitials OwnerInitials
BuyerInitials OwnerInitials
B4.Whatisthedwelling'scoolingsource?(Checkallthatapply;indicatetheyearofeachsystem manufacture)
CentralForcedAir: Wall/WindowsUnit(s): Other
B5.Whatisthedwelling'sfuelsource?(Checkallthatapply)
Electricity NaturalGas Solar PropaneOil Other
ExplanationsforquestionsinSectionB(identifythespecificquestionforeachexplanation):
C1.Whatisthedwelling'swatersupplysource?(Checkallthatapply)
City/CountySharedwellCommunitySystemPrivatewellOther
Ifthedwelling'swatersupplysourceissuppliedbyaprivatewell,identifywhethertheprivatewell hasbeentestedfor:(Checkallthatapply).
Quality Pressure Quantity
Ifthedwelling'swatersourceissuppliedbyaprivatewell,whatwasthedateofthelastwater quality/quantitytest?
C2.Thedwelling'swaterpipesaremadeofwhattypeofmaterial?(Checkallthatapply)
Copper Galvanized Plastic PolybutyleneOther
C3.Whatisthedwelling'swaterheaterfuelsource?(Checkallthatapply;indicatetheyearofeach systemmanufacture) Gas: Electric: Solar: Other:
C4.Whatisthedwelling'ssewagedisposalsystem?(Checkallthatapply)
SeptictankwithpumpcommunitysystemSeptictank Dripsystem ConnectedtoCity/CountySystem City/Countysystemavailable Other Straightpipe(wastewaterdoesnotgointoasepticorothersewersystem)*Note:Useofthistypeof systemviolatesStateLaw.
Ifthedwellingisservicedbyasepticsystem,howmanybedroomsareallowedbythesepticsystem permit? NoRecordsAvailable Datethesepticsystemwaslastpumped:
C5.Isthereaproblem,malfunction,ordefectwiththedwelling's: NAYes NoNR NAYes NoNR Septicsystem Plumbingsystem(pipes,fixtures,waterheater,etc.) Sewersystem Watersupply(waterquality,quantity,orpressure)
ExplanationsforquestionsinSectionC(identifythespecificquestionforeachexplanation):
BuyerInitials
D1.Isthedwellingequippedwithanelevatorsystem? Ifyes,whenwasitlastinspected? Dateoflastmaintenanceservice:
YesNoNR
D2.Isthereaproblem,malfunction,ordefectwiththedwelling's: NAYes NoNR NAYes NoNR NAYes NoNR NAYes NoNR
Atticfan,exhaust Irrigation Sump GarageDoor fan,ceilingfan systempumpsystem Elevatorsystem Pool/hottub Gas Security orcomponent/spa logs system Appliancestobe TVcablewiring Central Other conveyed orsatellitedishvacuum
ExplanationsforquestionsinSectionD(identifythespecificquestionforeachexplanation):
E1.Isthereaproblem,malfunction,ordefectwiththedrainage,grading,orsoilstabilityofthe property?
E2.Isthepropertyinviolationofanylocalzoningordinances,restrictivecovenants,orlocal land-userestrictions(includingsetbackrequirements?)
E3.Isthepropertyinviolationofanybuildingcodes(includingthefailuretoobtainrequired permitsforroomadditionsorotherchanges/improvements)?
E4.Isthepropertysubjecttoanyutilityorothereasements,shareddriveways,partywalls, encroachmentsfromoronadjacentproperty,orotherlanduserestrictions?
E5.Doesthepropertyabutoradjoinanyprivateroad(s)orstreet(s)?
E6.Ifthereisaprivateroadorstreetadjoiningtheproperty,arethereanyowners'associationor maintenanceagreementsdealingwiththemaintenanceoftheroadorstreet?NA
ExplanationsforquestionsinSectionE(identifythespecificquestionforeachexplanation):
F1.Istherehazardousortoxicsubstance,material,orproduct(suchasasbestos,formaldehyde, radongas,methanegas,lead-basedpaint)thatexceedgovernmentsafetystandardslocatedonor whichotherwiseaffecttheproperty?
BuyerInitials OwnerInitials
BuyerInitials OwnerInitials
YesNoNR
YesNoNR
F2.Isthereanenvironmentalmonitoringormitigationdeviceorsystemlocatedontheproperty?
F3.Istheredebris(whetherburiedorcovered),anundergroundstoragetank,oranenvironmentally hazardouscondition(suchascontaminatedsoilorwaterorotherenvironmentalcontamination) locatedonorwhichotherwiseaffecttheproperty?
F4.Isthereanynoise,odor,smoke,etc.,fromcommercial,industrial,ormilitarysourcesthat affectstheproperty?
F5.Isthepropertylocatedinafederalorotherdesignatedfloodhazardzone?
F6.Hasthepropertyexperienceddamageduetoflooding,waterseepage,orpooledwater attributabletoanaturaleventsuchasheavyrainfall,coastalstormsurge,tidalinundation,orriver overflow?
F7.Haveyoueverfiledaclaimforflooddamagetothepropertywithanyinsuranceprovider, includingtheNationalFloodInsuranceProgram?
F8.Isthereacurrentfloodinsurancepolicycoveringtheproperty?
F9.HaveyoureceivedassistancefromFEMA,U.S.SmallBusinessAdministration,oranyother federaldisasterfloodassistanceforflooddamagetotheproperty?
F10.IsthereafloodorFEMAelevationcertificatefortheproperty?
NOTE: Anexistingfloodinsurancepolicymaybeassignabletoabuyeratalesserpremiumthananewpolicy.Forpropertiesthat havereceiveddisasterassistance,therequirementtoobtainfloodinsurancepassesdowntoallfutureowners.Failuretoobtainflood insurancecanresultinanownerbeingineligibleforfutureassistance.
ExplanationsforquestionsinSectionF(identifythespecificquestionforeachexplanation):
G1.Isthepropertysubjecttoanylawsuits,foreclosures,bankruptcy,judgments,taxliens,proposed assessments,mechanics'liens,materialmens'liens,ornoticesfromanygovernmentalagencythat couldaffecttitletotheproperty?
G2.Isthepropertysubjecttoaleaseorrentalagreement?
G3.Isthepropertysubjecttocovenants,conditions,orrestrictionsortogoverningdocuments separatefromanowners'associationthatimposevariousmandatorycovenants,conditions,andor restrictionsuponthelotorunit?
ExplanationsforquestioninSectionG(identifythespecificquestionforeachexplanation):
YesNoNR
Ifyouanswer'Yes'toquestionH1,youmustcompletetheremainingquestionsinSectionH.Ifyouanswered'No'or'No Representation'toquestionH1,youdonotneedtoanswertheremainingquestionsinSectionH.
H1.Isthepropertysubjecttoregulationbyoneormoreowners'association(s)including,butnot limitedto,obligationstopayregularassessmentsorduesandspecialassessments?
If“yes,”pleaseprovidetheinformationrequestedbelowastoeachowners'associationtowhich thepropertyissubject[insertN/Aintoanyblankthatdoesnotapply]:
a.(specifyname)
whoseregularassessments(“dues”)are $ per .
Thename,address,telephonenumber,andwebsiteofthepresidentoftheowners'associationorthe associationmanagerare:
b.(specifyname)
whoseregularassessments(“dues”)are $ per.
Thename,address,telephonenumber,andwebsiteofthepresidentoftheowners'associationorthe associationmanagerare:
c.Arethereanychangestodues,fees,orspecialassessmentwhichhavebeendulyapprovedandto whichthelotissubject?
If“yes,”statethenatureandamountofthedues,fees,orspecialassessmentstowhichtheproperty issubject:
H2.Isthereanyfeechargedbytheassociationorbytheassociation'smanagementcompanyin connectionwiththeconveyanceortransferofthelotorpropertytoanewowner?
If“yes,”statetheamountofthefees:
H3.Isthereanyunsatisfiedjudgmentagainst,pendinglawsuit,orexistingorallegedviolationofthe association'sgoverningdocumentsinvolvingtheproperty?
If“yes,”statethenatureofeachpendinglawsuit,unsatisfiedjudgment,orexistingoralleged violation:
H4.Isthereanyunsatisfiedjudgmentorpendinglawsuitsagainsttheassociation?
If“yes,”statethenatureofeachunsatisfiedjudgmentorpendinglawsuit:
ExplanationsforquestionsinSectionH(identifythespecificquestionforeachexplanation):
Owner(s)acknowledge(s)havingreviewedthisDisclosureStatementbeforesigningandthatallinformationistrueand correcttothebestoftheirknowledgeasofthedatesigned.
OwnerSignature: Date
OwnerSignature: Date
Buyers(s)acknowledge(s)receiptofacopyofthisDisclosureStatementandthattheyhaverevieweditbeforesigning.
BuyerSignature: Date
BuyerSignature: Date
1.TheResidentialPropertyDisclosureAct(G.S.47E)("DisclosureAct")requiresownersofcertainresidentialrealestatesuchassinglefamilyhomes,individualcondominiums,townhouses,andthelike,andbuildingswithuptofourdwellingunits,tofurnishpurchasers aMineralandOilandGasRightsDisclosureStatement("DisclosureStatement").Thisformistheonlyoneapprovedforthispurpose.
2. Adisclosurestatementisnotrequiredforsometransactions.Foracompletelistofexemptions,seeG.S.47E2(a). A DISCLOSURE STATEMENT IS REQUIRED FOR THE TRANSFERS IDENTIFIED IN G.S. 47E-2(b). includingtransfersinvolvingthefirstsaleof adwellingneverinhabited,leasewithoptiontopurchasecontractswherethelesseeoccupiesorintendstooccupythedwelling,andtransfers betweenpartieswhenbothpartiesagreenottoprovidetheResidentialPropertyandOwner'sAssociationDisclosureStatement.
3.Youmustrespondtoeachofthefollowingbyplacingacheck√intheappropriatebox.
Mineralrightsand/oroilandgasrightscanbeseveredfromthetitletorealpropertybyconveyance(deed)ofthemineralrights and/oroilandgasrightsfromtheownerorbyreservationofthemineralrightsand/oroilandgasrightsbytheowner.Ifmineral rightsand/oroilandgasrightsareorwillbeseveredfromtheproperty,theownerofthoserightsmayhavetheperpetualrightto drill,mine,explore,andremoveanyofthesubsurfacemineraland/oroilorgasresourcesonorfromthepropertyeitherdirectly fromthesurfaceofthepropertyorfromanearbylocation.Withregardtotheseveranceofmineralrightsand/oroilandgas rights,Sellermakesthefollowingdisclosures:
YesNo NoRepresentation
1.Mineralrightswereseveredfromthepropertybyapreviousowner. BuyerInitials
2.Sellerhasseveredthemineralrightsfromtheproperty. BuyerInitials
3.Sellerintendstoseverthemineralrightsfromthepropertypriorto BuyerInitialstransferoftitletotheBuyer.
4.Oilandgasrightswereseveredfromthepropertybyapreviousowner. BuyerInitials
5.Sellerhasseveredtheoilandgasrightsfromtheproperty. BuyerInitials
6.Sellerintendstosevertheoilandgasrightsfromthepropertyprior BuyerInitialstotransferoftitletoBuyer.
IftheownerdoesnotgiveyouaMineralandOilandGasRightsDisclosureStatementbythetimeyoumakeyourofferto purchasetheproperty,orexerciseanoptiontopurchasethepropertypursuanttoaleasewithanoptiontopurchase,you mayundercertainconditionscancelanyresultingcontractwithoutpenaltytoyouasthepurchaser.Tocancelthecontract, youmustpersonallydeliverormailwrittennoticeofyourdecisiontocanceltotheownerortheowner'sagentwithinthree calendardaysfollowingyourreceiptofthisDisclosureStatement,orthreecalendardaysfollowingthedateofthecontract, whicheveroccursfirst.However,innoeventdoestheDisclosureActpermityoutocancelacontractaftersettlementofthe transactionor(inthecaseofasaleorexchange)afteryouhaveoccupiedtheproperty,whicheveroccursfirst.
PropertyAddress:
Owner'sName(s):
Owner(s)acknowledgehavingexaminedthisDisclosureStatementbeforesigningandthatallinformationistrueand correctasofthe datesigned.
OwnerSignature: Date
OwnerSignature: Date
Purchaser(s)acknowledgereceiptofacopyofthisDisclosureStatement;thattheyhaveexamineditbeforesigning;that theyunderstand thatthisisnotawarrantybyownerorowner'sagent;andthattherepresentationsaremadebythe ownerandnottheowner'sagent(s) orsubagent(s).
PurchaserSignature: Date
PurchaserSignature: Date
Preparedfor:
PropertyAddress:
THEFOLLOWINGARETYPICALEXPENSESWHICHASELLERISOBLIGATEDTOPAYORISREQUIREDBY OPERATIONOFLAW,ANDALSOINCLUDESITEMSWHICHMAYBENEGOTIATEDBYCONTRACTANDPREMARKETINGEXPENSES. SELLERACKNOWLEDGESANDUNDERSTANDSTHATEACHESTIMATEHEREONIS ANAPPROXIMATIONONLY.SELLERSHOULDVERIFYTHEACCURACYOFTHECALCULATIONS.
1stMortgagePayoff(estimated)
2ndMortgagePayoff(estimated)
HomeEquityLoan
HOAAssessment(s)
LoansonEquipmentforHome
OtherLien:
OtherLien:
Pro-RatedHOADues
Pro-RatedTaxes
[Consult"Guidelines"(Form2G)forguidanceincompletingthisform]
Forvaluableconsideration,thereceiptandlegalsufficiencyofwhichareherebyacknowledged,BuyerofferstopurchaseandSeller uponacceptanceagreestosellandconveythePropertyonthetermsandconditionsofthisOfferToPurchaseandContractandany addendumormodificationmadeinaccordancewithitsterms(togetherthe"Contract").
1. TERMSANDDEFINITIONS: Thetermslistedbelowshallhavetherespectivemeaninggiventhemassetforthadjacenttoeach term.
(a) "Seller":
(b) "Buyer":
(c) "Property": ThePropertyshallincludeallthatrealestatedescribedbelowtogetherwithallappurtenancestheretoincludingthe improvementslocatedthereonandthefixturesandpersonalpropertylistedinParagraphs2and3below.
ThePropertywillwillnotincludeamanufactured(mobile)home(s).
ThePropertywillwillnotincludeanoff-siteand/orseparatesepticlot,boatslip,garage,parkingspace,orstorageunit.
NOTE: Ifamanufacturedhome(s)orasepticlot,boatslip,garage,parkingspace,orstorageunitisincluded,BuyerandSeller arestronglyencouragedtoincludefurtherdetailsintheAdditionalProvisionsAddendum(Form2A11-T)andattachittothisoffer.
StreetAddress: City: Zip:
County: ,NorthCarolina
NOTE: Governmentalauthorityovertaxes,zoning,schooldistricts,utilitiesandmaildeliverymaydifferfromaddressshown.
LegalDescription:(Complete ALL applicable)
PlatReference:Lot/Unit ,Block/Section ,Subdivision/Condominium ,asshownonPlatBook/Slide atPage(s)
ThePIN/PIDorotheridentificationnumberofthePropertyis: Otherdescription: SomeorallofthePropertymaybedescribedinDeedBook atPage
d) "PurchasePrice":
$paidinU.S.Dollarsuponthefollowingterms:
$BYDUEDILIGENCEFEEmadepayableanddeliveredtoSellerontheEffective Datebycashpersonalcheckofficialbankcheckwiretransfer electronictransfer(specifypaymentservice: )
$BYINITIALEARNESTMONEYDEPOSITmadepayableanddeliveredtoEscrow AgentnamedinParagraph1(f)withinfive(5)daysoftheEffectiveDateofthis Contractbycashpersonalcheck officialbankcheck wiretransfer electronictransfer.
$BY(ADDITIONAL)EARNESTMONEYDEPOSITmadepayableanddeliveredto EscrowAgentnamedinParagraph1(f)nolaterthan5p.m.on , TIMEISOFTHEESSENCE by cash officialbankcheck wiretransfer electronictransfer
$BYASSUMPTIONoftheunpaidprincipalbalanceandallobligationsofSelleronthe existingloan(s)securedbyadeedoftrustonthePropertyinaccordancewiththe attachedLoanAssumptionAddendum(StandardForm2A6-T).
$BYSELLERFINANCINGinaccordancewiththeattachedSellerFinancing Addendum(StandardForm2A5-T).
$BYBUILDINGDEPOSITinaccordancewiththeattachedNewConstruction Addendum(StandardForm2A3-T).
$BALANCEofthePurchasePriceincashatSettlement(someorallofwhichmaybe paidwiththeproceedsofanewloan).
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ShouldBuyerfailtodelivereithertheDueDiligenceFeeoranyInitialEarnestMoneyDepositbytheirduedates,orshouldany checkorotherfundspaidbyBuyerbedishonored,foranyreason,bytheinstitutionuponwhichthepaymentisdrawn,Buyershall haveone(1)bankingdayafterwrittennoticetodelivercash,officialbankcheck,wiretransferorelectronictransfertothepayee.In theeventBuyerdoesnottimelydelivertherequiredfunds,SellershallhavetherighttoterminatethisContractuponwrittennotice toBuyer,andSellershallbeentitledtorecovertheDueDiligenceFeetogetherwithallEarnestMoneyDepositpaidortobepaidin thefuture.Inaddition,Sellermayseekanyremediesallowedfordishonoredfunds.Seeparagraph23foraparty'srighttoattorneys' feesincurredincollectingtheEarnestMoneyDepositorDueDiligenceFee.
NOTE: IfthepartiesagreethatBuyerwillpayanyfeeordepositdescribedabovebyelectronicorwiretransfer,Selleragrees tocooperateineffectingsuchtransfer,includingtheestablishmentofanynecessaryaccountandprovidinganynecessary informationtoBuyer,provided,however,Buyershallberesponsibleforadditionalcosts,ifany,associatedwithsuchtransfer.
(e) "EarnestMoneyDeposit": TheInitialEarnestMoneyDeposit,theAdditionalEarnestMoneyDepositandanyotherearnest moniespaidorrequiredtobepaidinconnectionwiththistransaction,collectivelythe"EarnestMoneyDeposit,"shallbedeposited promptlyandheldinescrowbyEscrowAgent.TheEarnestMoneyDepositwillbecreditedtoBuyeratClosingordisbursedas requiredbythisContract.
(f) "EscrowAgent" (insertname): BuyerandSellerconsenttodisclosurebytheEscrowAgentofanymaterialfactspertainingtotheEarnestMoneyDeposittothe partiestothistransaction,theirrealestateagent(s)andBuyer'slender(s).
NOTE: IntheeventofadisputebetweenSellerandBuyeroverthedispositionoftheEarnestMoneyDepositheldinescrow,a licensedrealestatebroker(“Broker”)isrequiredbystatelaw(andEscrowAgent,ifnotaBroker,herebyagrees)toretaintheEarnest MoneyDepositintheEscrowAgent'strustorescrowaccountuntilEscrowAgenthasobtainedawrittenreleasefromtheparties consentingtoitsdispositionoruntildisbursementisorderedbyacourtofcompetentjurisdiction.Alternatively,ifaBrokeroran attorneylicensedtopracticelawinNorthCarolina("Attorney")isholdingtheEarnestMoneyDeposit,theBrokerorAttorneymay depositthedisputedmonieswiththeappropriateclerkofcourtinaccordancewiththeprovisionsofN.C.G.S.§93A-12.
THEPARTIESAGREETHATAREALESTATEBROKERAGEFIRMACTINGASESCROWAGENTMAYPLACETHE EARNESTMONEYDEPOSITINANINTERESTBEARINGTRUSTACCOUNTANDTHATANYINTERESTEARNED THEREONSHALLBEDISBURSEDTOTHEESCROWAGENTMONTHLYINCONSIDERATIONOFTHEEXPENSES INCURREDBYMAINTAININGSUCHACCOUNTANDRECORDSASSOCIATEDTHEREWITH.
(g) "EffectiveDate": Thedatethat:(1)thelastoneofBuyerandSellerhassignedorinitialedthisofferorthefinalcounteroffer,if any,and(2)suchsigningorinitialingiscommunicatedtothepartymakingtheofferorcounteroffer,asthecasemaybe.Theparties acknowledgeandagreethattheinitialslinesatthebottomofeachpageofthisContractaremerelyevidenceoftheirhavingreviewed thetermsofeachpage,andthatthecompleteexecutionofsuchinitialslinesshallnotbeaconditionoftheeffectivenessofthis Agreement.ThepartiesfurtheracknowledgethattheeffectivenessofthisContractisnotcontingentonBuyer'spaymentofany EarnestMoneyDepositorDueDiligenceFee.Seeparagraph1(d)forSeller'sremedyforanyuntimelydeliveredordishonored funds.
(h) "DueDiligence": Buyer'sopportunitytoinvestigatethePropertyandthetransactioncontemplatedbythisContract,including butnotnecessarilylimitedtothemattersdescribedinParagraph4below,todecidewhetherBuyer,inBuyer'ssolediscretion,will proceedwithorterminatethetransaction.
(i) "DueDiligenceFee": Anegotiatedamount,ifany,paidbyBuyertoSellerwiththisContractforBuyer'srighttoterminatethe ContractforanyreasonornoreasonduringtheDueDiligencePeriod.ItshallbethepropertyofSellerupontheEffectiveDateand shallbeacredittoBuyeratClosing.TheDueDiligenceFeeshallbenon-refundableexceptintheeventofamaterialbreachofthis ContractbySeller,orifthisContractisterminatedunderParagraph23(b)orasotherwiseprovidedinanyaddendumhereto.Buyer andSellereachexpresslywaiveanyrightthattheymayhavetodenytherighttoconductDueDiligenceortoassertanydefenseas totheenforceabilityofthisContractbasedontheabsenceorallegedinsufficiencyofanyDueDiligenceFee,itbeingtheintentof thepartiestocreatealegallybindingcontractforthepurchaseandsaleofthePropertywithoutregardtotheexistenceoramountof anyDueDiligenceFee.Seller,orSeller'sagent,maydirectBuyerinwritingtomaketheDueDiligenceFeepayabletoapartyother than“Seller”asthattermisdefinedherein,andSelleragreestobeboundbysuchwrittendirection.Seeparagraph23foraparty's righttoattorneys'feesincurredincollectingtheDueDiligenceFee.
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(j) "DueDiligencePeriod":(Checkonlyone)
TheperiodbeginningontheEffectiveDateandextendingthrough5:00p.m.on(insertdateonly;not“N/A”) ; OR
Theperiodextendingfor(insertanumberonly;not“N/A”) daysaftertheEffectiveDateandendingat5:00 p.m.onthelastdayoftheperiod.
TIMEISOFTHEESSENCEFORANYDEADLINEINTHISPARAGRAPH.
(k) "Settlement": Theproperexecutionanddeliverytotheclosingattorneyofalldocumentsnecessarytocompletethetransaction contemplatedbythisContract,includingthedeed,settlementstatement,deedoftrustandotherloanorconveyancedocuments,and theclosingattorney'sreceiptofallfundsnecessarytocompletesuchtransaction.
(l) "SettlementDate": ThepartiesagreethatSettlementwilltakeplaceon (the"SettlementDate"),unlessotherwiseagreedinwriting,atatimeandplacedesignatedbyBuyer.
NOTE: Seeparagraph12, DELAYINSETTLEMENT/CLOSING forconditionsunderwhichSettlementmaybedelayed.
(m) "Closing": ThecompletionofthelegalprocesswhichresultsinthetransferoftitletothePropertyfromSellertoBuyer,which includesthefollowingsteps:(1)theSettlement(definedabove);(2)thecompletionofasatisfactorytitleupdatetotheProperty followingtheSettlement;(3)theclosingattorney'sreceiptofauthorizationtodisburseallnecessaryfunds;and(4)recordationin theappropriatecountyregistryofthedeed(s)anddeed(s)oftrust,ifany,whichshalltakeplaceassoonasreasonablypossiblefor theclosingattorneyafterSettlement.UponClosing,theproceedsofsaleshallbedisbursedbytheclosingattorneyinaccordance withthesettlementstatementandtheprovisionsofChapter45AoftheNorthCarolinaGeneralStatutes.Ifthetitleupdateshould revealunexpectedliens,encumbrancesorothertitledefects,oriftheclosingattorneyisnotauthorizedtodisburseallnecessary funds,thentheClosingshallbesuspendedandtheSettlementdeemeddelayedunderParagraph12(DelayinSettlement/Closing).
WARNING: TheNorthCarolinaStateBarhasdeterminedthattheperformanceofmostactsandservicesrequiredforaclosing constitutesthepracticeoflawandmustbeperformedonlybyanattorneylicensedtopracticelawinNorthCarolina.Statelaw prohibitsunlicensedindividualsorfirmsfromrenderinglegalservicesoradvice.Althoughnon-attorneysettlementagentsmay performlimitedservicesinconnectionwithaclosing,theymaynotperformalltheactsandservicesrequiredtocompleteaclosing. Aclosinginvolvessignificantlegalissuesthatshouldbehandledbyanattorney.Accordingly,itisthepositionoftheNorth CarolinaBarAssociationandtheNorthCarolinaAssociationofREALTORS®thatallbuyersshouldhireanattorneylicensedin NorthCarolinatoperformaclosing.
(n) "SpecialAssessments": AchargeagainstthePropertybyagovernmentalauthorityinadditiontoadvaloremtaxesandrecurring governmentalservicefeesleviedwithsuchtaxes,orbyanowners'associationinadditiontoanyregularassessment(dues),either ofwhichmaybealienagainsttheProperty.
NOTE: Buyer'sandSeller'srespectiveresponsibilitiesforthepaymentofSpecialAssessmentsareaddressedinparagraphs6(a) and8(l).
2. FIXTURESANDEXCLUSIONS:
WARNING:THEPARTIESSHOULDNOTASSUMETHATANITEMWILLORWILLNOTBEINCLUDEDINTHE SALEBASEDONANORALORWRITTENSTATEMENTORUNDERSTANDINGTHATISNOTAPARTOFTHIS CONTRACT.BUYERANDSELLERSHOULDBESPECIFICWHENNEGOTIATINGWHATITEMSWILLBE INCLUDEDOREXCLUDEDFROMTHESALE.
(a) FixturesAreIncludedinPurchasePrice: ALLEXISTINGFIXTURESAREINCLUDEDINTHESALEASPARTOFTHE PURCHASEPRICE,FREEOFLIENS,UNLESSEXCLUDEDINSUBPARAGRAPHS(d)OR(e).
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Buyer'sinitials Seller'sinitials ©7/2024
(b) SpecifiedItems: BuyerandSelleragreethatthefollowingitems,ifpresentonthePropertyonthedateoftheoffer,shallbeincluded inthesaleaspartofthePurchasePricefreeofliens,unlessexcludedinsubparagraphs(d)or(e)below.ALLITEMSLISTEDBELOW INCLUDEBOTHTRADITIONALAND“SMART”VERSIONSANDANYEXCLUSIVELYDEDICATED,RELATED EQUIPMENTAND/ORREMOTECONTROLDEVICES.
● Alarmandsecuritysystems(attached)forsecurity,fire, smoke,carbonmonoxideorothertoxinswithallrelated accesscodes,sensors,cameras,dedicatedmonitors,hard drives,videorecorders,powersuppliesandcables; doorbells/chimes
● Allstoves/ranges/ovens;built-inappliances;attached microwaveoven;venthood
● Antennas;satellitedishesandreceivers
● Basketballgoalsandplayequipment(permanently attachedorin-ground)
● Ceilingandwall-attachedfans;lightfixtures(including existingbulbs)
● Exerciseequipment/devicesthatareattached
● Fireplaceinsert;gaslogsorstarters;attachedfireplace screens;woodorcoalstoves
● Floorcoverings(attached)
● Garagedooropeners
● Generatorsthatarepermanentlywired
● Invisiblefencingwithpowersupply
● Landscapeandoutdoortreesandplants(exceptin moveablecontainers);raisedgarden;landscapeand foundationlighting;outdoorsoundsystems;permanent irrigationsystems;rainbarrels;landscapewaterfeatures;
● Mailboxes;mountedpackageandnewspaperreceptacles
● Mirrorsattachedtowalls,ceilings,cabinetsordoors;all bathroomwallmirrors
● Storageshed;utilitybuilding
● Swimmingpools;spas;hottubs(excludinginflatable pools,spas,andhottubs)
● Solarelectricandsolarwaterheatingsystems
● Sump-pumps,radonfansandcrawlspaceventilators;dehumidifiersthatarepermanentlywired
● Surface-mountingbracketsfortelevisionandspeakers; recess-mountedspeakers;mountedintercomsystem
● Thermostats
● Watersupplyequipment,includingfilters,conditioning andsoftenersystems;re-circulatingpumps;wellpumps andtanks
● Window/Doorblindsandshades,curtain/draperyrodsand brackets,doorandwindowscreensandcombinationdoors, awningsandstormwindows
(c) Unpairing/deletingdatafromdevices: PriortoClosing,Sellershall“unpair”anydevicesthatwillconveyfromanypersonal propertydevices(hubs,intelligentvirtualassistants,mobiledevices,vehicles,etc.)withwhichtheyarepaired,deletepersonaldatafrom anydevicesthatwillconvey,andrestorealldevicestofactorydefaultsettingsunlessotherwiseagreed.Seller'sobligationsunderthis paragraph2(c)shallsurviveClosing.
NOTE:ANYFIXTUREOROTHERITEMDESCRIBEDINSUBPARAGRAPHS(a)AND(b)THATWILLNOTBEA PARTOFTHESALESHOULDBEIDENTIFIEDINSUBPARAGRAPHS(d)OR(e),ASAPPLICABLE.
(d) ItemsLeasedorNotOwned: AnyitemwhichisleasedornotownedbySeller,suchasantennas,satellitedishesandreceivers, appliances,andalarmandsecuritysystemsmustbeidentifiedhereandshallnotconvey: Inaddition,anyleasedfueltankidentifiedinparagraph7(d)shallnotconvey.
(e) OtherItemsThatDoNotConvey: Thefollowingitemsshallnotconvey (identifythoseitemstobeexcludedundersubparagraphs (a)and(b)): Sellermustrepairanydamagecausedbyremovalofanyitemsexcludedaboveinagoodandworkmanlikemanner.Sellerwillnotify Buyeruponcompletionofsuchrepair(s)andprovideBuyerwithdocumentationthereof,ifany.
NOTE: BuyerisadvisedtoconsiderattachingtheAdditionalProvisionsAddendum(Form2A11-T)ifBuyerhasaspecificrequestas tohowtherepairsshouldbecompleted.
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Buyer'sinitials Seller'sinitials ©7/2024
3. PERSONALPROPERTY: ThefollowingpersonalpropertypresentonthePropertyonthedateoftheoffershallbetransferredto Buyeratclosingatnovalue:
NOTE:ANYPERSONALPROPERTYTHATWILLBEAPARTOFTHESALESHOULDBEIDENTIFIEDINTHIS PARAGRAPH. BuyerisadvisedtoconsultwithBuyer'slendertoassurethatthePersonalPropertyitemslistedabovecanbe includedinthisContract.
WARNING:BUYERISSTRONGLYENCOURAGEDTOCONDUCTDUEDILIGENCEDURINGTHEDUE DILIGENCEPERIOD. IfBuyerisnotsatisfiedwiththeresultsorprogressofBuyer'sDueDiligence,Buyershouldterminate thisContract,PRIORTOTHEEXPIRATIONOFTHEDUEDILIGENCEPERIOD,unlessBuyercanobtainawrittenextension fromSeller.SELLERISNOTOBLIGATEDTOGRANTANEXTENSION.AlthoughBuyermaycontinuetoinvestigatethe PropertyfollowingtheexpirationoftheDueDiligencePeriodasallowedunderparagraphs4and8(c)herein,Buyer'sfailureto deliveraTerminationNoticetoSellerpriortotheexpirationoftheDueDiligencePeriodwillconstituteawaiverbyBuyerofany righttoterminatethisContractbasedonanymatterrelatingtoBuyer'sDueDiligence.Providedhowever,followingtheDue DiligencePeriod,BuyermaystillexercisearighttoterminateifSellerfailstomateriallycomplywithanyofSeller'sobligations underParagraph8ofthisContractorforanyotherreasonpermittedunderthetermsofthisContractorNorthCarolinalaw.
(a) Loan: Buyer,atBuyer'sexpense,shallbeentitledtopursuequalificationforandapprovaloftheLoanifany.
NOTE: ThereisnoloanorappraisalcontingencyinthisOfferToPurchaseandContract.Therefore,Buyerisadvisedtoconsult withBuyer'slenderpriortosigningthisoffertoassurethattheDueDiligencePeriodallowssufficienttimefortheloanprocess andforBuyer'slendertoprovideBuyersufficientinformationtodecidewhethertoproceedwithorterminatethetransaction.
(b) PropertyInvestigation: BuyerorBuyer'sagentsorrepresentatives,atBuyer'sexpense,shallbeentitledtoconductalldesired tests,surveys,appraisals,investigations,examinationsandinspectionsofthePropertyasBuyerdeemsappropriate,includingbut NOTlimitedtothefollowing:
(i) Inspections: InspectionstodeterminetheconditionofanyimprovementsontheProperty,thepresenceofunusualdrainage conditionsorevidenceofexcessivemoistureadverselyaffectinganyimprovementsontheProperty,thepresenceofasbestosor existingenvironmentalcontamination,evidenceofwood-destroyinginsectsordamagetherefrom,andthepresenceandlevelof radongasontheProperty.
(ii) ReviewofDocuments: ReviewoftheDeclarationofRestrictiveCovenants,Bylaws,ArticlesofIncorporation,Rulesand Regulations,andothergoverningdocumentsofanyapplicableowners'associationand/orsubdivision.IfthePropertyissubject toregulationbyanowners'association,itisrecommendedthatBuyerreviewthecompletedResidentialPropertyandOwners' AssociationDisclosureStatementprovidedbySellerpriortosigningthisoffer.ItisalsorecommendedthattheBuyerdetermine iftheowners'associationoritsmanagementcompanychargesfeesforprovidinginformationrequiredbyBuyer'slenderor confirmingrestrictivecovenantcompliance.
(iii) Insurance: InvestigationoftheavailabilityandcostofinsurancefortheProperty.
(iv) Appraisals: AnappraisaloftheProperty.
(v) Survey: AsurveytodeterminewhetherthepropertyissuitableforBuyer'sintendeduseandthelocationofeasements, setbacks,propertyboundariesandotherissueswhichmayormaynotconstitutetitledefects.
(vi) Zoning,GovernmentalRegulation,andGovernmentalCompliance: Investigationofcurrentorproposedzoningorother governmentalregulationthatmayaffectBuyer'sintendeduseoftheProperty,adjacentlanduses,plannedorproposedroad construction,andschoolattendancezones;andinvestigationofwhetherthePropertyisinviolationofanylaw,ordinance, permit,orgovernmentregulationasoutlinedinparagraph8(h).
(vii) Flood/Wetland/WaterHazard: Investigationofpotentialfloodhazards,wetlands,orotherwaterorriparianissuesonthe Property;and/oranyrequirementtopurchasefloodinsuranceinordertoobtainaloan.
(viii) UtilitiesandAccess: Availability,quality,andobligationsformaintenanceofutilitiesincludingwater,sewer,electric, gas,communicationservices,stormwatermanagement,andmeansofaccesstothePropertyandamenities.
(ix) Streets/Roads: Investigationofthestatusofthestreet/roaduponwhichthePropertyfrontsaswellasanyotherstreet/road usedtoaccesstheProperty,including:(1)whetheranystreet(s)/road(s)arepublicorprivate,(2)whetheranystreet(s)/road(s) designatedaspublicareacceptedformaintenancebytheStateofNCoranymunicipality,or(3)ifprivateornotacceptedfor publicmaintenance,theconsequencesandresponsibilityformaintenanceandtheexistence,termsandfundingofany maintenanceagreements.
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(x) SpecialAssessments: InvestigationoftheexistenceofSpecialAssessmentsthatmaybeunderconsiderationbya governmentalauthorityoranowners'association.
(c) Sale/LeaseofExistingProperty: Asnotedinparagraph5(b),unlessotherwiseprovidedinanaddendum,thisContractisnot conditioneduponthesale/leaseorclosingofotherpropertyownedbyBuyer.Therefore,ifBuyermustsellorleaseotherrealproperty inordertoqualifyforanewloanortootherwisecompletethepurchaseoftheProperty,BuyershouldseektocloseonBuyer'sother propertypriortotheendoftheDueDiligencePeriodorbereasonablysatisfiedthatclosingonBuyer'sotherpropertywilltakeplace priortotheSettlementDateofthisContract.
(d)Repair/ImprovementNegotiations/Agreement:Buyeracknowledgesandunderstandsthefollowing:
● Unlessthepartiesagreeotherwise,THEPROPERTYISBEINGSOLDINITSCURRENTCONDITION.
● Sellermay,butisnotrequiredto,engageinnegotiationsforrepairs/improvementstotheProperty.
Buyerisadvisedtomakeanyrepair/improvementrequestsinsufficienttimetoallownegotiationstobeconcludedpriortothe expirationoftheDueDiligencePeriod.Anyagreementthatthepartiesmayreachwithrespecttorepairs/improvementsisanaddition tothisContractthatmustbeinwritingandsignedbythepartiesinaccordancewithParagraph19.
NOTE: SeeParagraph8(c),AccesstoPropertyandParagraph8(n),NegotiatedRepairs/Improvements.
(e) Buyer'sObligationtoRepairDamage: Buyershall,atBuyer'sexpense,promptlyrepairanydamagetothePropertyresulting fromanyactivitiesofBuyerandBuyer'sagentsandcontractors,butBuyershallnotberesponsibleforanydamagecausedby acceptedpracticeseitherapprovedbytheN.C.HomeInspectorLicensureBoardorapplicabletoanyotherN.C.licensedprofessional performingreasonableappraisals,tests,surveys,examinationsandinspectionsoftheProperty.Thisrepairobligationshallsurvive anyterminationofthisContract.
(f) Indemnity: BuyerwillindemnifyandholdSellerharmlessfromallloss,damage,claims,suitsorcosts,whichshallariseoutof anycontract,agreement,orinjurytoanypersonorpropertyasaresultofanyactivitiesofBuyerandBuyer'sagentsandcontractors relatingtothePropertyexceptforanyloss,damage,claim,suitorcostarisingoutofpre-existingconditionsofthePropertyand/or outofSeller'snegligenceorwillfulactsoromissions.ThisindemnityshallsurvivethisContractandanyterminationhereof.
(g) Buyer'sRighttoTerminate: ProvidedthatBuyerhasdeliveredanyagreed-uponDueDiligenceFee,Buyershallhavetheright toterminatethisContractforanyreasonornoreason,bydeliveringtoSellerwrittennoticeoftermination(the“TerminationNotice”) duringtheDueDiligencePeriod(oranyagreed-uponwrittenextensionoftheDueDiligencePeriod), TIMEISOFTHEESSENCE. IfBuyertimelydeliverstheTerminationNotice,thisContractshallbeterminatedandtheEarnestMoneyDepositshallberefunded toBuyer.
(h) CLOSINGSHALLCONSTITUTEACCEPTANCEOFTHEPROPERTYINITSTHENEXISTINGCONDITION UNLESSPROVISIONISOTHERWISEMADEINWRITING.
5. BUYERREPRESENTATIONS:
(a) Fundstocompletepurchase:
(Checkifapplicable)Cash.BuyerintendstopaycashinordertopurchasethePropertyanddoesnotintendtoobtainaloanor fundsfromsourcesotherthanBuyer'sownassets.VerificationofcashavailableforSettlementisisnotattached.
NOTE: IfBuyerdoesnotintendtoobtainanewloan(s)and/orfundsfromsourcesotherthanBuyer'sownassets,Sellerisadvised, priortosigningthisoffer,toobtaindocumentationfromBuyerwhichdemonstratesthatBuyerwillbeabletocloseontheProperty withoutthenecessityofobtainingaloanorfundsfromsourcesotherthanBuyer'sownassets.
OR:
(Checkifapplicable)Loan(s)/OtherFunds:Buyerintendstoobtainaloan(s)and/orotherfundstopurchasethePropertyfrom thefollowingsources(checkallapplicablesources):
FirstMortgageLoan:
BuyerintendstoobtainafirstmortgageloanofthefollowingtypeinordertopurchasetheProperty:FHAVA(attach FHA/VAFinancingAddendum)ConventionalUSDAOthertype:
intheprincipalamountof plusanyfinancedVAFundingFeeorFHAMIP.
SecondMortgageLoan:
BuyerintendstoobtainasecondmortgageloanofthefollowingtypeinordertopurchasetheProperty:
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Otherfunds:
Buyerintendstoobtainfundsfromthefollowingothersource(s)inordertopurchasetheProperty:
NOTE: Buyer'sobligationsunderthisContractarenotconditioneduponobtaininganyloan(s)orotherfundsfromsourcesother thanBuyer'sownassets.Somemortgageloanprogramsandotherprogramsprovidingfundsforthepurchaseofpropertyselected byBuyermayimposerepairobligationsand/oradditionalconditionsorcostsuponSellerorBuyer,andmoreinformationmaybe needed.
MaterialchangeswithrespecttofundingthepurchaseofthePropertythataffectthetermsofthecontractarematerialfactsthatmust bedisclosed.
(b) OtherProperty:BuyerDOESDOESNOThavetosellorleaseotherrealpropertyinordertoqualifyforanewloanorto completethepurchase. (CompletethefollowingonlyifBuyerDOEShavetosellorleaseotherrealproperty:)
OtherPropertyAddress:
(Checkifapplicable)Buyer'sotherpropertyISundercontractasofthedateofthisoffer,andacopyofthecontracthaseither beenpreviouslyprovidedtoSelleroraccompaniesthisoffer. (Buyermaymarkoutanyconfidentialinformation,suchasthepurchase priceandthebuyer'sidentity,priortoprovidingacopyofthecontracttoSeller.) Failuretoprovideacopyofthecontractshallnot preventthisofferfrombecomingabindingcontract;however,SELLERISSTRONGLYENCOURAGEDTOOBTAINAND REVIEWTHECONTRACTONBUYER'SPROPERTYPRIORTOACCEPTINGTHISOFFER.
(Checkifapplicable)Buyer'sotherpropertyISNOTundercontractasofthedateofthisoffer.Buyer'sproperty(checkonly ONEofthefollowingoptions): islistedwithandactivelymarketedbyalicensedrealestatebroker. willbelistedwithandactivelymarketedbyalicensedrealestatebroker. Buyerisattemptingtosell/leasetheBuyer'sPropertywithouttheassistanceofalicensedrealestatebroker.
NOTE: ThisContractisNOTconditioneduponthesale/leaseorclosingofBuyer'sotherproperty.Ifthepartiesagreetomakethis Contractconditionedonasale/leaseorclosingofBuyer'sotherproperty,anappropriatecontingencyaddendumshouldbedrafted byaNorthCarolinarealestateattorneyandaddedtothisContract.
(c) PerformanceofBuyer'sFinancialObligations: TothebestofBuyer'sknowledge,therearenoothercircumstancesor conditionsexistingasofthedateofthisofferthatwouldprohibitBuyerfromperformingBuyer'sfinancialobligationsinaccordance withthisContract,exceptasmaybespecificallysetforthherein.
(d) ResidentialPropertyandOwners'AssociationDisclosureStatement (checkonlyone):
BuyerhasreceivedasignedcopyoftheN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementpriortomaking thisofferandacknowledgescompliancewithN.C.G.S.47E-5(ResidentialPropertyDisclosureAct).
BuyerhasNOTreceivedasignedcopyoftheN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementpriorto makingthisofferandshallhavetherighttoterminateorwithdrawthisContractwithoutpenalty(includingarefundofanyDue DiligenceFee)priortoWHICHEVEROFTHEFOLLOWINGEVENTSOCCURSFIRST:(1)theendofthethirdcalendarday followingreceiptoftheDisclosureStatement;(2)theendofthethirdcalendardayfollowingtheEffectiveDate;or(3)Settlement oroccupancybyBuyerinthecaseofasaleorexchange.
ExemptfromN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementbecause(SEE GUIDELINES):
.
(e) MineralandOilandGasRightsMandatoryDisclosureStatement (checkonlyone):
BuyerhasreceivedasignedcopyoftheN.C.MineralandOilandGasRightsMandatoryDisclosureStatementpriortomaking thisofferandacknowledgescompliancewithN.C.G.S.47E-5(ResidentialPropertyDisclosureAct).
BuyerhasNOTreceivedasignedcopyoftheN.C.MineralandOilandGasRightsMandatoryDisclosureStatementpriorto makingthisofferandshallhavetherighttoterminateorwithdrawthisContractwithoutpenalty(includingarefundofanyDue DiligenceFee)priortoWHICHEVEROFTHEFOLLOWINGEVENTSOCCURSFIRST:(1)theendofthethirdcalendarday followingreceiptoftheDisclosureStatement;(2)theendofthethirdcalendardayfollowingtheEffectiveDate;or(3)Settlement oroccupancybyBuyerinthecaseofasaleorexchange.
ExemptfromN.C.MineralandOilandGasRightsMandatoryDisclosureStatementbecause(SEEGUIDELINES):
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Buyer'sreceiptofaMineralandOilandGasRightsMandatoryDisclosureStatementdoesnotmodifyorlimittheobligationsof SellerunderParagraph8(g)ofthisContractandshallnotconstitutetheassumptionorapprovalbyBuyerofanyseveranceofmineral and/oroilandgasrights,exceptasmaybeassumedorspecificallyapprovedbyBuyerinwriting.
NOTE: ThepartiesareadvisedtoconsultwithaNCattorneypriortosigningthisContractifseveranceofmineraland/oroiland gasrightshasoccurred.
(a) ResponsibilityforSpecialAssessments: BuyershalltaketitlesubjecttoallSpecialAssessmentsthatmaybeapprovedfollowing Settlement.
(b) ResponsibilityforCertainCosts: Buyershallberesponsibleforallcostswithrespectto:
(i)anyloanobtainedbyBuyer;
(ii)chargesbyanowners'associationoramanagementcompany/vendorasagentoftheassociationunderparagraph9(b)of thisContract;
(iii)appraisal;
(iv)titlesearch;
(v)titleinsurance;
(vi)anyfeeschargedbytheclosingattorneyforthepreparationoftheClosingDisclosure,SellerDisclosureandanyother settlementstatement;
(vii)recordingthedeed;and
(viii)preparationandrecordingofallinstrumentsrequiredtosecurethebalanceofthePurchasePriceunpaidatSettlement.
(c) AuthorizationtoDiscloseInformation: BuyerauthorizestheBuyer'slender(s),theparties'realestateagent(s)andclosing attorney:(1)toprovidethisContracttoanyappraiseremployedbyBuyerorbyBuyer'slender(s);and(2)toreleaseanddisclose anybuyer'sclosingdisclosure,settlementstatementand/ordisbursementsummary,oranyinformationtherein,tothepartiestothis transaction,theirrealestateagent(s)andBuyer'slender(s).
7. SELLERREPRESENTATIONS:
(a) Ownership: SellerrepresentsthatSeller: hasownedthePropertyforatleastoneyear. hasownedthePropertyforlessthanoneyear. doesnotyetowntheProperty.
(b) Lead-BasedPaint (checkifapplicable): ThePropertyisresidentialandwasbuiltpriorto1978(AttachLead-BasedPaintorLead-BasedPaintHazardsDisclosure Addendum{StandardForm2A9-T}).
WARNING:IFALEAD-BASEDPAINTDISCLOSUREISREQUIREDBUTNOTGIVENTOBUYERPRIORTO SELLER'SACCEPTANCEOFTHISOFFER,BUYERMAYNOTBEOBLIGATEDTOPURCHASETHE PROPERTYUNDERTHISCONTRACTUNDERFEDERALLAW.
(c) Owners'Association(s)andDues: Sellerauthorizesanddirectsanyowners'association,anymanagementcompanyofthe owners'association,anyinsurancecompanyandanyattorneywhohaspreviouslyrepresentedtheSellertoreleasetoBuyer,Buyer's agents,representative,closingattorneyorlendertrueandaccuratecopiesofthefollowingitemsaffectingtheProperty,including anyamendments:
● Seller'sstatementofaccount
● masterinsurancepolicyshowingthecoverageprovidedandthedeductibleamount
● DeclarationandRestrictiveCovenants
● RulesandRegulations
● ArticlesofIncorporation
● Bylawsoftheowners'association
● currentfinancialstatementandbudgetoftheowners'association
● parkingrestrictionsandinformation
● architecturalguidelines
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(specifynameofassociation): whoseregular assessments(“dues”)are$ per .Thename,addressandtelephonenumberofthepresidentofthe owners'associationortheassociationmanageris: .
Owners'associationwebsiteaddress,ifany:
(specifynameofassociation): whoseregular assessments(“dues”)are$ per .Thename,addressandtelephonenumberofthepresident oftheowners'associationortheassociationmanageris:
Owners'associationwebsiteaddress,ifany:
(d) FuelTank(s)/Fuel: TothebestofSeller'sknowledge,thereisisnotafueltank(s)locatedontheProperty. If“yes” completethefollowing:
(i) Description:
Tank1:
● Use:currentlyinusecurrentlyNOTinuse
● Ownership:ownedleased.Ifleased,nameandcontactinformationoftanklessor:
● Location:abovegroundbelowground
● Typeoffuel:oilpropanegasolineand/ordieselother:
● Nameandcontactinformationoffuelvendor:
Tank2:
● Use:currentlyinusecurrentlyNOTinuse
● Ownership:ownedleased.Ifleased,nameandcontactinformationoftanklessor:
● Location:abovegroundbelowground
● Typeoffuel:oilpropanegasolineand/ordieselother:
● Nameandcontactinformationoffuelvendor:
(ii) Tank(s)includedinsale: BuyerandSelleragreethatanytankdescribedabovethatisownedbySellershallbeincluded inthesaleaspartofthePurchasePricefreeofliens,unlessexcludedinparagraph2(e)above.
(iii) Fuel: Sellermayusefuelinthetank(s)describedabovethroughSettlement,butmaynototherwiseremovethefuelor resellit.Anyfuelremaininginthetank(s)asofSettlementshallbeincludedinthesaleaspartofthePurchasePrice,freeof liens.
● Seller'suseoffuelinanyfueltankissubjecttoSeller'sobligationunderParagraph8(c)toprovideworking, existingutilitiesthroughtheearlierofClosingorpossessionbyBuyer.
NOTE: Buyershallbeentitledtoconductinspectionstoconfirmtheexistence,typeandownershipofanyfueltanklocated ontheProperty.BuyerisadvisedtoconsultwiththeownerofanyleasedfueltankregardingthetermsunderwhichBuyer mayleasethetankandobtainfuel.
NOTE: Statelawprovidesthatitisunlawfulforanyperson,otherthanthesupplierortheownerofafuelsupplytank,to disconnect,interruptorfillthesupplytankwithliquefiedpetroleumgas(LPgasorpropane)withouttheconsentofthe supplier.
(e) Leases.ThePropertyisisnotsubjecttoanylease(s).IfthePropertyissubjecttoalease,BuyerandSellershouldinclude eithertheRental/Income/InvestmentPropertyprovisionintheAdditionalProvisionsAddendum(StandardForm2A11-T)orthe VacationRentalAddendum(Form2A13-T)withthisoffer.
8. SELLEROBLIGATIONS:
(a) EvidenceofTitle,PayoffStatement(s)andNonForeignStatus:
(i)SelleragreestousebesteffortstoprovidetotheclosingattorneyassoonasreasonablypossibleaftertheEffectiveDate, copiesofalltitleinformationinpossessionoforavailabletoSeller,includingbutnotlimitedto:titleinsurancepolicies, attorney'sopinionsontitle,surveys,covenants,deeds,notesanddeedsoftrust,leases,andeasementsrelatingtotheProperty.
(ii)Sellershallprovidetotheclosingattorneyallinformationneededtoobtainawrittenpayoffstatementfromanylender(s) regardinganysecurityinterestinthePropertyassoonasreasonablypossibleaftertheEffectiveDate,andSellerdesignatesthe closingattorneyasSeller'sagentwithexpressauthoritytorequestandobtainonSeller'sbehalfpayoffstatementsand/orshortpaystatementsfromanysuchlender(s).
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(iii)AssoonasreasonablypossibleaftertheEffectiveDate,Sellershallprovidetotheclosingattorneyallinformationneeded toobtainawrittenstatementofSeller'saccountfromanyowners'associationorHOAmanagementcompanyassociatedwith theProperty.SellerdesignatestheclosingattorneyasSeller'sagentwithexpressauthoritytorequestandobtainonSeller's behalfawrittenstatementofSeller'saccountastotheProperty.Uponrequestfromtheclosingattorney,Sellershall immediatelypayanyfeeschargedbytheowners'associationorHOAmanagementcompanyforsuchwrittenstatement.
(iv)IfSellerisnotaforeignpersonasdefinedbytheForeignInvestmentinRealPropertyTaxAct,Sellershallalsoprovideto theclosingattorneyanon-foreignstatuscertification(pursuanttotheForeignInvestmentinRealPropertyTaxAct).Inthe eventSellerdoesnotprovideanon-foreignstatuscertification,Selleracknowledgesthattheremaybewithholdingasprovided bytheInternalRevenueCode.
(b) AuthorizationtoDiscloseInformation: Sellerauthorizes:(i)anyattorneypresentlyorpreviouslyrepresentingSellertorelease anddiscloseanytitleinsurancepolicyinsuchattorney'sfiletoBuyerandbothBuyer'sandSeller'sagentsandattorneys;(ii)the Property'stitleinsureroritsagenttoreleaseanddiscloseallmaterialsintheProperty'stitleinsurer's(ortitleinsurer'sagent's)fileto BuyerandbothBuyer'sandSeller'sagentsandattorneysand(iii)theclosingattorneytoreleaseanddiscloseanyseller'sclosing disclosure,settlementstatementand/ordisbursementsummary,oranyinformationtherein,tothepartiestothistransaction,theirreal estateagent(s)andBuyer'slender(s).
(c) AccesstoProperty: SellershallprovidereasonableaccesstothePropertythroughtheearlierofClosingorpossessionbyBuyer, including,butnotlimitedto,allowingBuyerand/orBuyer'sagentsorrepresentatives,anopportunityto:(i)conductanyDue Diligence,investigations,orinspections;(ii)verifythesatisfactorycompletionofnegotiatedrepairs/improvements;and(iii)conduct afinalwalk-throughinspectionoftheProperty.Seller'sobligationincludesprovidingexistingutilitiesoperatingatSeller'scost, includinganyconnectionsandde-winterizing.
NOTE: SeeWARNINGinparagraph4aboveforlimitationonBuyer'srighttoterminatethisContractasaresultofBuyer's continuedinvestigationofthePropertyfollowingtheexpirationoftheDueDiligencePeriod.
(d) RemovalofSeller'sProperty: Sellershallremove,bythedatepossessionismadeavailabletoBuyer,allpersonalproperty whichisnotapartofthepurchaseandallgarbageanddebrisfromtheProperty.
(e) AffidavitandIndemnificationAgreement: SellershallfurnishatSettlementanaffidavit(s)andindemnificationagreement(s) informsatisfactorytoBuyerandBuyer'stitleinsurer,ifany,executedbySellerandanypersonorentitywhohasperformedor furnishedlabor,services,materialsorrentalequipmenttothePropertywithin120dayspriortothedateofSettlementandwhomay beentitledtoclaimalienagainstthePropertyasdescribedinN.C.G.S.§44A-8verifyingthateachsuchpersonorentityhasbeen paidinfullandagreeingtoindemnifyBuyer,Buyer'slender(s)andBuyer'stitleinsureragainstalllossfromanycauseorclaim arisingtherefrom.
(f) DesignationofLienAgent,PaymentandSatisfactionofLiens: IfrequiredbyN.C.G.S.§44A-11.1,Sellershallhavedesignated aLienAgent,andSellershalldelivertoBuyerassoonasreasonablypossibleacopyoftheappointmentofLienAgent.Alldeedsof trust,deferredadvaloremtaxes,liensandotherchargesagainsttheProperty,notassumedbyBuyer,mustbepaidandsatisfiedby SellerpriortooratSettlementsuchthatcancellationmaybepromptlyobtainedfollowingClosing.Sellershallremainobligatedto obtainanysuchcancellationsfollowingClosing.
(g) GoodTitle,LegalAccess: SellershallexecuteanddeliveraGENERALWARRANTYDEEDforthePropertyinrecordable formnolaterthanSettlement,whichshallconveyfeesimplemarketableandinsurabletitle,withoutexceptionformechanics'liens, lispendens,monetaryliensandjudgments,andfreeofotherencumbrancesordefectsthatwouldmateriallyaffectthevalueofthe Property,includingthosewhichwouldberevealedbyacurrentandaccuratesurveyoftheProperty,except:(1)advaloremtaxesfor thecurrentyear;(2)utilityeasementsandunviolatedcovenants,conditionsorrestrictions;and(3)suchotherliens,encumbrances ordefectsasmaybespecificallyapprovedbyBuyerinwriting.ThePropertymusthavelegalaccesstoapublicrightofway.
NOTE: Buyer'sfailuretoconductasurveyorexaminetitleoftheProperty,priortotheexpirationoftheDueDiligencePeriod doesnotrelievetheSelleroftheirobligationtodelivergoodtitleunderthisparagraph.
NOTE: IfanysaleofthePropertymaybea“shortsale,”considerationshouldbegiventoattachingaShortSaleAddendum (StandardForm2A14-T)asanaddendumtothisContract.
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(h) GovernmentalCompliance: ItisaconditionofthisContractthatthePropertybeconveyedfreeofanymaterialviolationof law,ordinance,permit,orgovernmentregulation(including,butnotlimitedto,thoserelatingtobuilding,stormwater,impervious surface,environmentalprotection,andzoning),unlessSellerhasspecificallydisclosedsuchviolation(s)priortotheEffectiveDate. IfBuyerestablishesthataviolationexistsaftertheEffectiveDateandpriortoClosing,thenBuyermustpromptlynotifySellerand Sellermaycuretheviolation(s).Unlessotherwiseagreed,ifSellerdoesnotcuretheviolation(s)priortoClosing,thenBuyermay choosetoaccepttheviolation(s)andproceedtoSettlement/ClosingorterminatethisContractandreceivearefundoftheEarnest MoneyDepositandtheDueDiligenceFee.
(i) Deed,TaxesandFees: SellershallpayforpreparationofadeedandallotherdocumentsnecessarytoperformSeller'sobligations underthisContract,andforstateandcountyexcisetaxes,andanydeferred,discountedorrollbacktaxes,andlocalconveyancefees requiredbylaw.Thedeedistobemadeto:(i)Buyer;(ii)acorporation,limitedliabilitycompany,orotherbusinessentityofwhich Buyeristhesoleownerorshareholder;(iii)atrustforwhichBuyeristhebeneficiary;(iv)anyrelativeofBuyer;and/or(v)Other: (InsertName(s)Only)
(j) AgreementtoPayBuyerExpenses: SellershallpayatSettlement$ towardanyofBuyer's expensesassociatedwiththepurchaseoftheProperty,atthediscretionofBuyerand/orlender,ifany,includinganyFHA/VAlender andinspectioncoststhatBuyerisnotpermittedtopay.
NOTE: PartiesshouldreviewtheFHA/VAAddendumpriortoenteringanamountinParagraph8(j).CertainFHA/VAlender andinspectioncostsCANNOTbepaidbyBuyeratSettlementandtheamountoftheseshouldbeincludedintheblankabove.
(k) Owners'AssociationFees/Charges: Sellershallpayanychargesbyanowners'associationoramanagementcompany/vendor asagentoftheassociationunderparagraph9(a)ofthisContract.
(l) PaymentofSpecialAssessments: Sellershallpay,infullatSettlement,allSpecialAssessmentsthatareapprovedpriorto Settlement,whetherpayableinalumpsumorfutureinstallments,providedthattheamountthereofcanbereasonablydeterminedor estimated.ThepaymentofsuchestimatedamountshallbethefinalpaymentbetweentheParties.
(m) LateListingPenalties: Allpropertytaxlatelistingpenalties,ifany,shallbepaidbySeller.
(n) NegotiatedRepairs/Improvements: Negotiatedrepairs/improvementsshallbemadeinagoodandworkmanlikemannerand BuyershallhavetherighttoverifysamepriortoSettlement.
(o) HomeWarranty (Selectoneofthefollowing): NohomewarrantyistobeprovidedbySeller.
Buyermayobtainaone-yearhomewarrantyatacostnottoexceed$ whichincludessalestaxandSeller agreestopayforitatSettlement.
Sellerhasobtainedandwillprovideaone-yearhomewarrantyfrom atacostof$ whichincludessalestaxandwillpayforitatSettlement.
NOTE: Homewarrantiestypicallyhavelimitationsonandconditionstocoverage.Referspecificquestionstothehome warrantycompany.
(p) Seller'sBreachofContract: Seeparagraph23forBuyer'sremediesintheeventofbreachofthisContract.
9. CHARGESBYOWNERS'ASSOCIATION: Responsibilityforpaymentofchargesbyanowners'associationoramanagement company/vendorasagentoftheassociationshallbeallocatedbetweenBuyerandSellerasfollows:
(a) Sellershallpay:
(i)feesincurredbySellerincompletingtheResidentialPropertyandOwners'AssociationDisclosureStatement,andresaleor othercertificatesrelatedtoaproposedsaleoftheProperty;
(ii)feesrequiredforconfirmingSeller'saccountpaymentinformationonowners'associationduesorassessmentsforpayment orproration,includinganyexpeditefeepermittedunderN.C.Gen.Stat.§47F-3-102thatischargedinconnectionwithproviding suchinformation;
(iii)anyfeeschargedfortransferringorupdatingownershiprecordsoftheassociation;and (iv)anyfeesotherthanthosefeesspecificallyrequiredtobepaidbyBuyerunderparagraph9(b)below.
(b) Buyershallpay:
(i)chargesforprovidinginformationrequiredbyBuyer'slender;
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(ii)chargesforworkingcapitalcontributions,membershipfees,orchargesimposedforBuyer'suseofthecommonelements and/orservicesprovidedtoBuyerinconnectionwithBuyertakingpossessionoftheProperty,suchas“move-infees”;and (iii)chargesfordeterminingrestrictivecovenantcompliance.
Unlessotherwiseagreed,thefollowingitemsshallbeprorated,withSellerresponsible fortheproratedamountsofanytaxesandduesthroughthedateofSettlement,andSellerentitledtotheamountofproratedrentsthrough thedateofSettlement,andeitheradjustedbetweenthepartiesorpaidatSettlement:
(a) TaxesonRealProperty: Advaloremtaxesandrecurringgovernmentalservicefeesleviedwithsuchtaxesonrealpropertyshall beproratedonacalendaryearbasis;
(b) TaxesonPersonalProperty: AdvaloremtaxesonpersonalpropertyfortheentireyearshallbepaidbySellerunlessthepersonal propertyisconveyedtoBuyer,inwhichcase,thepersonalpropertytaxesshallbeproratedonacalendaryearbasis;
(c) Rents: Rents,ifany,fortheProperty;
(d) Dues: Owners'associationregularassessments(dues)andotherlikecharges.
11. CONDITIONOFPROPERTY/RISKOFLOSS:
(a) ConditionofPropertyatSettlement: IfthePropertyisnotinsubstantiallythesameorbetterconditionatClosingasonthe dateofthisoffer,reasonablewearandtearexcepted,BuyermayterminatethisContractbywrittennoticedeliveredtoSellerand theDueDiligenceFeeandEarnestMoneyDepositshallberefundedtoBuyer.IfthePropertyisnotinsuchconditionandBuyer doesNOTelecttoterminatethisContract,Buyershallbeentitledtoreceive,inadditiontotheProperty,theproceedsofany insuranceclaimfiledbySelleronaccountofanydamageordestructiontotheProperty.
(b) RiskofLoss: TheriskoflossordamagebyfireorothercasualtypriortoClosingshallbeuponSeller.Sellerisadvisednotto cancelexistinginsuranceonthePropertyuntilafterconfirmingrecordationofthedeed.
12. DELAYINSETTLEMENT/CLOSING: Thisparagraphshallapplyifonepartyisready,willingandabletocompleteSettlement ontheSettlementDate(“Non-DelayingParty”)butitisnotpossiblefortheotherpartytocompleteSettlementbytheSettlementDate (“DelayingParty”).Insuchevent,theDelayingPartyshallbeentitledtoadelayinSettlementandshallgiveasmuchnoticeaspossible totheNon-DelayingPartyandclosingattorney.IftheDelayingPartyfailstocompleteSettlementandClosingwithinseven(7)daysof theSettlementDate(includinganyamendedSettlementDateagreedtoinwritingbytheparties),thentheDelayingPartyshallbein breachandtheNon-DelayingPartymayterminatethisContractandshallbeentitledtoenforceanyremediesavailabletosuchparty underthisContractforthebreach.
13. POSSESSION: Possession,includingallmeansofaccesstothePropertyandtransferableamenitiesandservices(keysincluding mailboxkeys,codesincludingsecuritycodes,garagedooropeners,electronicdevices,etc.),shallbedelivereduponClosingasdefined inParagraph1(m)unlessotherwiseprovidedbelow:
ABuyerPossessionBeforeClosingAgreementisattached(StandardForm2A7-T)
ASellerPossessionAfterClosingAgreementisattached(StandardForm2A8-T)
Possessionissubjecttorightsoftenant(s)(PartiesshouldattacheitherAdditionalProvisionsAddendum(Form2A11-T)or VacationRentalAddendum(Form2A13-T))
14. ADDENDA: CHECKALLSTANDARDADDENDATHATMAYBEAPARTOFTHISCONTRACT,IFANY,ANDATTACH HERETO.ITEMIZEALLOTHERADDENDATOTHISCONTRACT,IFANY,ANDATTACHHERETO.
AdditionalProvisionsAddendum(Form2A11-T)
AdditionalSignaturesAddendum(Form3-T) Back-UpContractAddendum(Form2A1-T) FHA/VAFinancingAddendum(Form2A4-T) Lead-BasedPaintOrLead-BasedPaintHazardAddendum(Form2A9-T) LoanAssumptionAddendum(Form2A6-T)
Identifyotherattorneyorpartydraftedaddenda:
NewConstructionAddendum(Form2A3-T) Owners'AssociationDisclosureAddendum (Form2A12-T)
SellerFinancingAddendum(Form2A5-T) ShortSaleAddendum(Form2A14-T) VacationRentalAddendum(Form2A13-T)
NOTE: UNDERNORTHCAROLINALAW,REALESTATEBROKERSARENOTPERMITTEDTODRAFTADDENDA TOTHISCONTRACT.
15. ASSIGNMENTS: ThisContractmaynotbeassignedwithoutthewrittenconsentofallpartiesexceptinconnectionwithataxdeferredexchange,butifassignedbyagreement,thenthisContractshallbebindingontheassigneeandassignee'sheirsandsuccessors.
16. TAX-DEFERREDEXCHANGE: IntheeventBuyerorSellerdesirestoeffectatax-deferredexchangeinconnectionwiththe conveyanceoftheProperty,BuyerandSelleragreetocooperateineffectingsuchexchange;provided,however,thattheexchanging
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partyshallberesponsibleforalladditionalcostsassociatedwithsuchexchange,andprovidedfurther,thatanon-exchangingpartyshall notassumeanyadditionalliabilitywithrespecttosuchtax-deferredexchange.BuyerandSellershallexecutesuchadditionaldocuments, includingassignmentofthisContractinconnectiontherewith,atnocosttothenon-exchangingparty,asshallberequiredtogiveeffect tothisprovision.
17. PARTIES: ThisContractshallbebindinguponandshallinuretothebenefitofBuyerandSellerandtheirrespectiveheirs, successorsandassigns.Asusedherein,wordsinthesingularincludethepluralandthemasculineincludesthefeminineandneuter genders,asappropriate.
18. SURVIVAL: Ifanyprovisionhereincontainedwhichbyitsnatureandeffectisrequiredtobeobserved,keptorperformedafter theClosing,itshallsurvivetheClosingandremainbindinguponandforthebenefitofthepartiesheretountilfullyobserved,keptor performed.
19. ENTIREAGREEMENT/RECORDATION: ThisContractcontainstheentireagreementofthepartiesandthereareno representations,inducementsorotherprovisionsotherthanthoseexpressedherein.Allchanges,additionsordeletionsheretomustbe inwritingandsignedbyallparties.NothingcontainedhereinshallalteranyagreementbetweenaREALTOR®orbrokerandSelleror Buyerascontainedinanylistingagreement,buyeragencyagreement,oranyotheragencyagreementbetweenthem.ThisAgreement oranymemorandumthereofshallnotberecordedwithouttheexpresswrittenconsentofBuyerandSeller.
20. CONDUCTOFTRANSACTION: Thepartiesagreethatanyactionbetweenthemrelatingtothetransactioncontemplatedbythis Contractmaybeconductedbyelectronicmeans,includingthesigningofthisContractbyoneormoreofthemandanynoticeor communicationgiveninconnectionwiththisContract.Anywrittennoticeorcommunicationmaybetransmittedtoanymailingaddress, e-mailaddressorfaxnumbersetforthinthe“NoticeInformation”sectionbelow.Anynoticeorcommunicationtobegiventoaparty herein,andanyfee,depositorotherpaymenttobedeliveredtoapartyherein,maybegiventothepartyortosuchparty'sagent. Deliveryofanynoticetoapartyviameansofelectronictransmissionshallbedeemedcompleteatsuchtimeasthesenderperformsthe finalacttosendsuchtransmission,inaformcapableofbeingprocessedbythereceivingparty'ssystem,toanyelectronicaddress providedforsuchpartyinthe“NoticeInformation”sectionbelow.SellerandBuyeragreethatthe“NoticeInformation”and “AcknowledgmentofReceiptofMonies”sectionsbelowshallnotconstituteamaterialpartofthisContract,andthattheadditionor modificationofanyinformationthereinshallnotconstitutearejectionofanofferorthecreationofacounteroffer.
21. EXECUTION: ThisContractmaybesignedinmultipleoriginalsorcounterparts,allofwhichtogetherconstituteoneandthesame instrument.
22. COMPUTATIONOFDAYS/TIMEOFDAY: Unlessotherwiseprovided,forpurposesofthisContract,theterm"days"shall meanconsecutivecalendardays,includingSaturdays,Sundays,andholidays,whetherfederal,state,localorreligious.Forthepurposes ofcalculatingdays,thecountof"days"shallbeginonthedayfollowingthedayuponwhichanyactornoticeasprovidedinthisContract wasrequiredtobeperformedormade.Anyreferencetoadateortimeofdayshallrefertothedateand/ortimeofdayintheStateof NorthCarolina.
23. REMEDIES:
(a) BreachbyBuyer: IntheeventofmaterialbreachofthisContractbyBuyer,SellershallbeentitledtoanyEarnestMoneyDeposit. ThepaymentofanyEarnestMoneyDepositandanyDueDiligenceFeetoSeller(withoutregardtotheirrespectiveamounts, includingzero)togethershallserveasliquidateddamages(“LiquidatedDamages”)andasSeller'ssoleandexclusiveremedyfor suchbreach,providedthatsuchLiquidatedDamagesshallnotlimitSeller'srightsunderParagraphs4(e)and4(f)fordamagetothe PropertyaswellasSeller'srightsunderparagraph1(d)fordishonoredfunds.Itisacknowledgedbythepartiesthattheamountof theLiquidatedDamagesiscompensatoryandnotpunitive,suchamountbeingareasonableestimationoftheactuallossthatSeller wouldincurasaresultofabreachofthisContractbyBuyer.ThepaymenttoSelleroftheLiquidatedDamagesshallnotconstitute apenaltyorforfeiturebutactualcompensationforSeller'santicipatedloss,bothpartiesacknowledgingthedifficultyofdetermining Seller'sactualdamagesforsuchbreach.
(b) BreachbySeller: IntheeventofmaterialbreachofthisContractbySeller,Buyermay(i)electtoterminatethisContractasa resultofsuchbreach,andshallbeentitledtoreturnofboththeEarnestMoneyDepositandtheDueDiligenceFee,togetherwiththe reasonablecostsactuallyincurredbyBuyerinconnectionwithBuyer'sDueDiligence(“DueDiligenceCosts”),or(ii)electnotto terminateandinsteadtreatthisContractasremaininginfullforceandeffectandseektheremedyofspecificperformance.
(c) Attorneys'Fees: IflegalproceedingsarebroughtbyBuyerorSelleragainsttheothertocollecttheEarnestMoneyDeposit,Due DiligenceFee,orDueDiligenceCosts,thepartiesagreethatapartyshallbeentitledtorecoverreasonableattorneys'feestothe extentpermittedunderN.C.Gen.Stat.§6-21.2,andifapplicable,N.C.Gen.Stat.§6-21.3fordishonoredfunds.Theparties acknowledgeandagreethatthetermsofthisContractwithrespecttoentitlementtotheEarnestMoneyDeposit,DueDiligenceFee, orDueDiligenceCostseachconstitutean“evidenceofindebtedness”pursuanttoN.C.Gen.Stat.§6-21.2.
Page 13 of 17
Revised7/2024 Buyer'sinitials Seller'sinitials ©7/2024
NOTE: Apartyseekingrecoveryofattorneys'feesunderN.C.Gen.Stat.§6-21.2mustfirstgivewrittennoticetotheotherparty thattheyhavefive(5)daysfromthemailingofthenoticetopaytheoutstandingamount(s)withouttheattorneys'fees.
THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.ANDTHENORTHCAROLINABARASSOCIATIONMAKE NOREPRESENTATIONASTOTHELEGALVALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANY SPECIFICTRANSACTION.IFYOUDONOTUNDERSTANDTHISFORMORFEELTHATITDOESNOTPROVIDEFOR YOURLEGALNEEDS,YOUSHOULDCONSULTANORTHCAROLINAREALESTATEATTORNEYBEFOREYOUSIGN IT.
ThisoffershallbecomeabindingcontractontheEffectiveDate.Unlessspecificallyprovidedotherwise,Buyer'sfailuretotimely deliveranyfee,depositorotherpaymentprovidedforhereinshallnotpreventthisofferfrombecomingabindingcontract, providedthatanysuchfailureshallgiveSellercertainrightstoterminatethecontractasdescribedhereinorasotherwise permittedbylaw.
Date: Buyer
Date:
Buyer
EntityBuyer:
(NameofLLC/Corporation/Partnership/Trust/etc.)
By:
Name: PrintName
Title: Date:
TOBUYERS:BEFORESENDINGANYWIRE,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICETO VERIFYTHEINSTRUCTIONS.IFYOURECEIVEWIRINGINSTRUCTIONSFORADIFFERENTBANK,BRANCH LOCATION,ACCOUNTNAMEORACCOUNTNUMBER,THEYSHOULDBEPRESUMEDFRAUDULENT.DONOT SENDANYFUNDSANDCONTACTTHECLOSINGATTORNEY'SOFFICEIMMEDIATELY.
TOSELLERS:IFYOURPROCEEDSWILLBEWIRED,ITISRECOMMENDEDTHATYOUPROVIDEWIRING INSTRUCTIONSATCLOSINGINWRITINGINTHEPRESENCEOFTHEATTORNEY.IFYOUAREUNABLETO ATTENDCLOSING,YOUMAYBEREQUIREDTOSENDANORIGINALNOTARIZEDDIRECTIVETOTHECLOSING ATTORNEY'SOFFICECONTAININGTHEWIRINGINSTRUCTIONS.THISMAYBESENTWITHTHEDEED,LIEN WAIVERANDTAXFORMSIFTHOSEDOCUMENTSAREBEINGPREPAREDFORYOUBYTHECLOSING ATTORNEY.ATAMINIMUM,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICETOPROVIDETHEWIRE INSTRUCTIONS.THEWIREINSTRUCTIONSSHOULDBEVERIFIEDOVERTHETELEPHONEVIAACALLTOYOU INITIATEDBYTHECLOSINGATTORNEY'SOFFICETOENSURETHATTHEYARENOTFROMAFRAUDULENT SOURCE.
WHETHERYOUAREABUYERORASELLER,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICEATA NUMBERTHATISINDEPENDENTLYOBTAINED.TOENSURETHATYOURCONTACTISLEGITIMATE,YOU SHOULDNOTRELYONAPHONENUMBERINANEMAILFROMTHECLOSINGATTORNEY'SOFFICE,YOUR REALESTATEAGENTORANYONEELSE.
Buyer'sinitials Seller'sinitials
Page 15 of 17
NOTE: INSERTATLEASTONEADDRESSAND/ORELECTRONICDELIVERYADDRESSEACHPARTYANDAGENT APPROVESFORTHERECEIPTOFANYNOTICECONTEMPLATEDBYTHISCONTRACT.INSERT“N/A”FORANY WHICHARENOTAPPROVED.
BUYERNOTICEADDRESS:
MailingAddress:
BuyerFax#:
BuyerE-mail:
SELLERNOTICEADDRESS:
MailingAddress:
SellerFax#:
SellerE-mail:
SellingFirmName:
Actingas Buyer'sAgent Seller's(sub)Agent DualAgent FirmLicense#: MailingAddress:
IndividualSellingAgent: ActingasaDesignatedDualAgent(checkonlyifapplicable)
SellingAgentLicense#:
SellingAgentPhone#:
SellingAgentFax#:
SellingAgentE-mail:
ListingFirmName: ActingasSeller'sAgentDualAgent FirmLicense#: MailingAddress:
IndividualListingAgent: ActingasaDesignatedDualAgent(checkonlyifapplicable)
ListingAgentLicense#:
ListingAgentPhone#:
ListingAgentFax#:
ListingAgentE-mail:
ACKNOWLEDGMENTOFRECEIPTOFMONIES
Seller: ("Seller")
Buyer: ("Buyer")
PropertyAddress: ("Property")
LISTINGAGENTACKNOWLEDGMENTOFRECEIPTOFDUEDILIGENCEFEE
Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto SellerofaDueDiligenceFeeintheamountof$ ,receiptofwhichListingAgentherebyacknowledges.
Date:Firm:
By: (Signature) (Printname)
SELLERACKNOWLEDGMENTOFRECEIPTOFDUEDILIGENCEFEE
Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto SellerofaDueDiligenceFeeintheamountof$ ,receiptofwhichSellerherebyacknowledges.
Date:Seller: (Signature)
Date:Seller: (Signature)
ESCROWAGENTACKNOWLEDGMENTOFRECEIPTOFINITIALEARNESTMONEYDEPOSIT
Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepayment toEscrowAgentofanInitialEarnestMoneyDepositintheamountof$ .EscrowAgentasidentifiedinParagraph1(f) oftheOffertoPurchaseandContractherebyacknowledgesreceiptoftheInitialEarnestMoneyDepositandagreestoholdanddisburse thesameinaccordancewiththetermsoftheOffertoPurchaseandContract.
Date:Firm: By: (Signature) (Printname)
ESCROWAGENTACKNOWLEDGMENTOFRECEIPTOF(ADDITIONAL)EARNESTMONEYDEPOSIT
Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto EscrowAgentofan(Additional)EarnestMoneyDepositintheamountof$ .EscrowAgentasidentifiedinParagraph 1(f)oftheOffertoPurchaseandContractherebyacknowledgesreceiptofthe(Additional)EarnestMoneyDepositandagreestohold anddisbursethesameinaccordancewiththetermsoftheOffertoPurchaseandContract.
Date:Firm:
Time: AMPMBy: (Signature) (Printname)
Page 17 of 17
NOTE: TheseguidelinesareprovidedtoassistSellerinfulfillingtheirobligationsundertheOffertoPurchaseandContract(Form 2-T).UnderForm2-T,thePropertymustbedeliveredtoBuyerinsubstantiallythesameorbetterconditionatClosingaswhenthe offerwasmade.IfSellerisunsureaboutanyofthefollowingobligations,Sellershouldimmediatelyconsulttheiragent.IfSeller andBuyerexecutedanagreementforBuyer'spossessionpriortoClosing,orSeller'spossessionafterClosing,theresponsibilities belowmaybesignificantlyaltered,andanypossessionagreementsmustbeconsultedandfollowedinsteadoftheseguidelines.
Leaveallutilitieson,includingwater,sewer,electricity,andgasasapplicable,throughClosing.See¶8(c)inForm2-T.Notethat closingmaybedelayeduptosevendays,andutilitiesmustalsobeonthroughanydelayofClosing. Maintainthelawn,pool,andanyexteriorlandscapingthroughClosing. DonotterminateinsurancecoverageuntilClosingiscomplete,includingtherecordingofthedeed.
Unpairanydevicesthatconvey(doorbells,thermostats,cameras,hubs,intelligentvirtualassistants,mobiledevices,vehicles, etc.)fromanyonlineormobilecontrolsandaccounts.Sellershouldalsodeletepersonaldatafromanydevicesthatconveyand restorealldevicestofactorysetting.See¶2(c)inForm2-T. RemoveanyfixturesthatwereexemptedontheContract.See¶¶2(d)-(e)inForm2-T. Leaveallnon-exemptedfixtures.Consult¶2(b)inForm2-Tforalist.
Priortofinalwalk-through,removeallpersonalpropertythatisnotpartofthepurchaseandallgarbage/debrisfromproperty.See ¶8(d)inForm2-T.Besuretochecktheattic,crawlspace,shed,etc.Anytrashthatdoesnotfitinthedesignatedtrashbinshould beremovedfromtheProperty;donotleaveitatthecurb.
Whenpacking,remembertoleaveallpropertythatwaspurchasedbyBuyer.Besuretoflagitemsformoverssotheywillnotbe packed.Consult¶3inForm2-TandanyapplicableBillofSaleorotheragreement. Whenremovingwallart,nailsshouldremaininplaceunlessyouandBuyerhaveagreedotherwise.
Ifyouwanttoofferthingslikeextrapaint,lightbulbs,etc.toBuyer,informyouragent. Completeanyagreed-uponrepairsandprovidereceiptstoyouragent.
Repairdamagecausedonmove-outinagoodandworkmanlikemanner.Notifyyouragentuponcompletionofanyrepairs.
LeaveaforwardingaddressforBuyerandyouragent.
Changeyouraddressforonlineretailers,magazinesubscriptions,bills,etc.
SetuppermanentchangeofaddresswithUSPS.
Retrieveextrakeysfromneighbors,friends,andserviceprovidersanddelivertoBuyerortheclosingattorney.
RetrieveanyremovablegarageremotesfromcarsanddelivertoBuyerorclosingattorney. RemembertoleavekeysforBuyerthatgotoanymailbox,padlock,shed,crawlspace,atticeavedoor,screen/stormdoors,or poolfence.IfsuchkeysarenotdeliveredtotheclosingattorneypriortoClosing,thenitiscustomarytoleavesuchkeysinthe kitchendrawerclosesttotherefrigerator.
Terminateallautomaticpaymentsrelatedtotheproperty,suchasmortgagepayments,HOAorCOAdues,andalarmsystems. AfterClosing,terminateallservicecontracts,suchasyardservices,pesttreatments,andgas/oil/propane/fuelrefills. Leaveanymanuals,warranties,andextracomponentsinthehome.Thedrawernearesttherefrigeratoriscustomary. LeavealistofserviceprovidersforBuyer,suchascleaning,HVAC,pest,irrigation,pool,etc.
Emptytheicebinfromthefreezerandturnofftheicemaker.Donotputtheiceinthekitchensink. Youragentwillremovethelockboxandyardsign.
Page1of1
[SeeGuidelines(Form760G)forinstructionsoncompletingthisform]
PropertyAddress: ("Property")
BuyerorSeller: RealEstateFirm: ("Firm")
1.Thereareprofessionalservicesthattypicallyareperformedinconnectionwiththepurchaseandsaleofrealestate.BuyerorSeller understandsthatFirmcannotgiveadviceincertainmattersthatmayrelatetothepurchaseorsaleoftheProperty,includingbutnot limitedtomattersoflaw,taxation,financing,surveying,wood-destroyinginsectinfestation,structuralsoundnessorengineering.
REGARDINGEACHPROFESSIONALSERVICELISTEDBELOW,BUYERORSELLERSHOULDEITHERSELECTTHE SERVICEORELECTNOTTOHAVETHESERVICEPERFORMED.WITHRESPECTTOEACHSERVICESELECTED, INDICATEWHOWILLORDERTHESERVICEANDTHENAMEOFTHESERVICEPROVIDERSELECTEDBYBUYEROR SELLER.THISFORMSHOULDBEAMENDEDTOADDRESSADDITIONALPROFESSIONALSERVICESTHATARE CONSIDEREDAFTERITISFIRSTCOMPLETED. Service
Accountant/CPA/TaxAdvisor
Appraisal
Attorney(e.g.TitleExam/TitleIns./ SellerDocument-DeedPrep/Closing)
HomeWarranty Inspections:
2.BuyerorSelleracknowledgesFirmhasrecommendedthatBuyerorSellerconsultwithaprofessionalforanopinionregarding eachservicelistedabovetobeperformedpursuanttoBuyerorSeller'spurchaseorsaleoftheproperty.BuyerorSellerherebyagrees toindemnifyandholdFirmharmlessfromandagainstanyandallliability,claim,loss,damage,suit,orexpensethatFirmmayincur eitherasaresultofBuyerorSeller'sselectionanduseofanyofthelistedserviceprovidersorBuyerorSeller'selectionnottohave oneormoreofthelistedservicesperformed.
*NOTEREGARDINGRADONANDOTHERENVIRONMENTALQUALITYISSUESTESTING: Inadditiontotesting forthepresenceofradon,considerationshouldbegiventotestingtheairandanyprivatedrinkingwellwaterforthepresenceof othercontaminants,includingbutnotlimitedto,biological,chemical,andradiologicalcontaminants.BuyerorSellershould consultwithanairand/orwaterqualityspecialistregardingtheneedforandscopeofanysuchtesting.
*NOTEREGARDINGSURVEYS: Situationsarisealltoooftenthatcouldhavebeenavoidedifthebuyerhadobtainedanew surveyfromaNCregisteredsurveyor.AsurveywillnormallyrevealsuchthingsasencroachmentsonthePropertyfromadjacent properties(fences,driveways,etc.);encroachmentsfromthePropertyontoadjacentproperties;roadorutilityeasementscrossing theProperty;violationsofset-backlines;lackoflegalaccesstoapublicright-of-way;andindefiniteorerroneouslegal descriptionsinpreviousdeedstotheProperty.Althoughtitleinsurancecompaniesmayprovidelendercoveragewithoutanew survey,theowner'spolicycontainsanexceptionforeasements,set-backsandothermatterswhichwouldhavebeenshownona survey.Manysuchmattersarenotpublicrecordandwouldnotbeincludedinanattorney'stitleexamination.Inaddition,ifthe buyerdoesnotobtaintheirownsurvey,theywouldhavenoclaimagainstasurveyorforinaccuraciesinapriorsurvey.
OTHERIMPORTANTNOTES:
∙ ALTHOUGHFIRMMAYPROVIDEBUYERORSELLERTHENAMESOFPROVIDERSWHOCLAIMTOPERFORM SERVICESINONEORMOREOFTHELISTEDAREAS,BUYERORSELLERUNDERSTANDSTHATFIRM CANNOTGUARANTEETHEQUALITYOFSERVICEORLEVELOFEXPERTISEOFANYSUCHPROVIDER.
∙ BUYERORSELLERAGREESTOPAYTHEFULLAMOUNTDUEFORALLSERVICESDIRECTLYTOTHE SERVICEPROVIDERWHETHERORNOTTHETRANSACTIONCLOSES.
THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.MAKESNOREPRESENTATIONASTOTHELEGAL VALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANYSPECIFICTRANSACTION.
BuyerorSeller
Date:
BuyerorSeller
Date:
EntityBuyerorSeller:
(NameofLLC/Corporation/Partnership/Trust/etc.)
By:
Name:
Title:
Date: