As with all legally binding paperwork, it is incredibly important that you understand what you are signing before you sign it and what advantages and risks are involved.
North Carolina requires its real estate agents to act in a fiduciary capacity to their clients, but not to customers. This is very different than most other states.
However, North Carolina is also a CAVEAT EMPTOR state, meaning Buyers Beware. We also have a time-bound contract with nonrefundable Due Diligence Fees, Earnest Money options, and penalities for failing to close on time regardless of whose fault it is.
It is totally legal for one, single Agent to represent BOTH the Buyer and Seller in a transaction even though this is considered a conflict of interest in many other state. All parties get to decide if they want this pure Dual Agency Relationship, but it needs to be decide up front, before you go see a property. It is essential you understand your rights to have a fidcuaiary agent before you even go see any homes.
North Carolina has changed thier real estate forms significantly muItiple times in the last 2 years. I have had excellent training
and experience with these new forms and believe these new changes can benefit buyers, seller, and other agents alike. If you have not bought or sold a home since July 2024, then you will need to learn about the newest changes to the NC real estate paperwork as if you were a first time Buyer or
Seller.
I would be happy to explain all of these forms to you and answer your questions, so you can feel comfortable and confident
before you ever sign anything.