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The NC Association of Realtors has lanuched a new advocacy website at www.TaxReformFacts.org.  Use this site to begin discussion about tax reform in NC and how it will impact our economy and homeownership.  Several tax reform bills have been filed in the NC Senate;  visit the site, learn more, and join the conversation.     [...]

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As part of a broad effort to strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMI Fund), FHA Commissioner Carol Galante announced a series of changes to be issued this week that will allow the agency to better manage risk and further strengthen the health of the MMI Fund. Summary of changes: Mortgage [...]

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The North Carolina Attorney General’s Office has produced two excellent consumer education documents on oil and gas leases in North Carolina.   Share these with your clients and customers. Landowner education Oil and Gas Leases Oil and gas leases – summary of NC law SOURCE:  NC Attorney General’s Office (NC Department of Justice, www.ncdoj.gov)    

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North Carolina scored a solid second place finish among the top 20 states in the race to attract new jobs through foreign investment, according to a new survey.  South Carolina sat atop the list as the best performing state, while Texas was third. NC and SC Real Estate Brokers can read the full article on [...]

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Raleigh is the top “family-friendly” large city in the nation, according to a ranking from the nonprofit group The Human Life Project.  Charlotte ranked 4th in the list.   Both cities have scored highly in various national rankings, including several that measure economic climate. Such rankings typically use data from the federal Census Bureau, Commerce Department [...]

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It is important to note that “CMA” (Comparative Market Analysis) and “BPO” (Broker Price Opinion) are considered the same type of document in the view of the NC Appraisal Board and NC Real Estate Commission.  The new ”BPO Rule” addresses requirements for BPOs/CMAs for a FEE.  The NC Real Estate Commission has produced an excellent excerpt on the new BPO_Rules effective [...]

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Section 5 of Senate Bill 820 amended the Residential Property Disclosure Act to require sales contracts of residential properties covered under the Act to include an Oil and Gas Rights Disclosure. The disclosure reads as follows: Oil and gas rights can be severed from the title to real property by conveyance (deed) of the oil and [...]

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BPO Rules going to NC Rules Review Commission

by Steve Connell on September 18, 2012

in Hot Topics,Latest News

Temporary rules to govern the use of the Broker Price Opinions (BPOs) for a fee now head to the NC Rules Review Commission after being approved on Sept. 5 by the NC Real Estate Commission.  The NC Real Estate Commission drafted temporary rules to govern the use of Broker Price Opinions for a fee in [...]

This WSOC-TV Eyewitness news report by Mark Becker discusses the small and steady increases in Charlotte housing prices based on the national Case Schiller Index.  View the video at http://www.wsoctv.com/videos/news/national-index-shows-home-prices-increasing-in/vdtFh/ The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as [...]

Here is what the NC Real Estate Commission has to say about Superior School of Real Estate in their August 15, 2012 letter to us on outstanding school real estate license examination performance. “We recognize that to have had your students perform at such a level on the license examination required a combination of high quality instruction [...]