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North Carolina Commercial Real Estate Purchase and Sale Agreement

A North Carolina commercial real estate purchase and sale agreement creates a legally binding contract for the purchase of commercial real estate. It states the purchase price, financing methods, and payment schedules, as well as any earnest money deposits. Once both parties have signed the contract, it becomes binding.
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Updated October 17, 2024

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Disclosures

Statement of Agency Relationships – Real estate agents must give their clients a disclosure form that describes the agent’s role in the transaction. For instance, if the agent is representing both the seller and the buyer, they must disclose this fact and all parties must sign in acknowledgment.[1]

Sources

  1. § 58A .0104