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Incorrect Property Description in Real Estate Contract

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...

What’s An Agent Supposed to Be Paid When They Leave A Firm?

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...

Manage Parties’ Expectations in Multiple Offer Situations

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...