Some lenders can keep using older appraisal reports into 2027, but the November mandate remains. Here is what brokers should confirm before the next closing.

Your buyer submits an offer. A few hours later, the listing agent calls with good news: “The seller verbally accepted your offer.” Time to celebrate? Not quite. The North Carolina Real Estate Commission recently reminded brokers that there is no such thing as a binding “verbal acceptance” of an offer to purchase real estate in North Carolina. In fact, the Commission specifically says brokers should not use phrases such as “verbally accepted” or “verbal agreement” because they

Back in July, we examined hundreds of public comments submitted to the North Carolina Real Estate Commission about a proposed rule that could have dramatically changed dual agency in North Carolina. The earlier proposal contained one particularly consequential sentence: “An individual broker shall not represent both the buyer and seller in the same real estate sales transaction.” In other words, the proposal would have effectively ended single-broker dual agency in residentia