NC Real Estate case studies
NC Real Estate · Put your knowledge to work in context.
A North Carolina real estate broker license is issued by the North Carolina Real Estate Commission (NCREC), the state agency that regulates brokerage in North Carolina. The Commission frames its mission around protecting the public interest in real estate brokerage transactions and around assuring that applicants are competent and possess the requisite character and fitness to act as brokers. The NC Real Estate case studies are 5 cases and about 4,201 words.
1Open House Confidences: Seller Motivation and the Unrepresented Buyer
Priya, a provisional broker with Cedar Ridge Realty, is sitting an open house on her firm's listing for seller Douglas. The list price is 415,000.
805 words, about 4 min2Disclosure Delivered Late: Two Overlapping Exit Rights
Seller Annette lists her 1996-built single-family home on March 1 at 298,000. Buyer Theo's offer of 290,000 is accepted March 4.
894 words, about 4 min3Earnest Money in the Drawer: Trust Accounts, an Unlicensed Assistant, and a Provisional Broker
At Riverbend Realty, provisional broker Dale collects a 6,500 earnest money check at a Saturday showing; it is payable to 'Riverbend Realty.' Broker-in-charge Ms. Okoye is on vacation.
847 words, about 4 min4Tuesday Closing Disclosure, Friday Closing, and a Low Appraisal
Buyers Lena and Omar are under contract at 365,000 with 10% down and a Friday 10:00 a.m. On Tuesday the lender emails a revised Closing Disclosure: the APR rose from 5.875% to 6.125% because a 1,400 origination charge was added, and the loan now carries a prepayment penalty.
795 words, about 4 min5Changing Firms Mid-Transaction, and a Referral Fee for an Unlicensed Friend
Broker Tanya has a buyer agency agreement with Wes and Nina, dated May 1 and running through October 31, signed on behalf of Summit Realty, where she is affiliated. On June 10 Tanya resigns from Summit and joins Bluewater Realty.
860 words, about 4 min