By: Will Martin and Bill Gifford The case of Drake v. Hance, 673 S.E.2d 411 (N.C. Ct. App. 2009) underscores the critical importance of taking care to properly describe the property in a real estate sales contract. On June 16, 2005, Eric and Debra Hance entered into...
By: Will Martin I occasionally get calls from agents who have left their firms and who want to know what the rules are regarding payment by their former firms for commissions on transactions that had not closed prior to their departure. My response is that I am not...
By: Will Martin and Bill Gifford A broker-in-charge recently called with concerns about whether his firm had handled a multiple offer situation properly. An offer had come in on one of the firm’s listings from a buyer represented by an agent with another firm (we’ll...
By: Will Martin I am frequently asked by REALTORS® whether they are required to disclose the existence of some past event that had an adverse effect on a property. I give my customary “it depends” answer because the answer depends—as it always does—on the particular...
