Residential Property Disclosure Form Undergoes Further Revision

The Residential Property and Owners’ Association Disclosure Statement, which was revised by legislative mandate in 2011, has undergone further revision. The new form will be required for all properties placed on the market on or after January 1, 2013. For those properties placed on the market prior to January 1, 2013 that require a corrected Disclosure Statement pursuant to G.S. § 47E-7, the new form will be used.

You will find the new form on the Forms page of this Web site under Consumer Forms. More information about the new form is available on page one of the October 2012 Bulletin.

Publications – New and Updated

The Commission has published a new Questions and Answers brochure, “N.C. Military Personnel Residential Lease Termination” and updated its Real Estate License Law and Commission Rules book.

The new brochure is free and focuses on questions regarding the rights of members of the U.S. Armed Services to terminate a lease contract under North Carolina and/or Federal law. It is part of an outreach program undertaken by the Commission to inform service members of these rights. Orders for the publication may be placed online using the order form for free publications linked from the Publications page of the Commission Web site or by printing and mailing or faxing the order form for free publications.

Updated to include all current law and rule changes, the July 2013 edition of the Real Estate License Law and Commission Rules is available for purchase online at $3 each using the order form for purchased publications. Its 116 pages include the Real Estate License Law, Commission Rules and the Commentary on the License Law and Commission Rules., The Commentary is provided to assist real estate licensees, prelicensing course students and others in understanding the law and the rules.

Schweidler, Little and Fisher Scholarships

At its June 2013 meeting, Chairman BC Cone and Vice Chairman Everett “Vic” Knight, on behalf of the Commission, together with North Carolina Real Estate Educational Foundation 2013 President Mitzi Malcolm, presented plaques to Ms. Geri M. Millinix (Charlotte) recipient of the Joe Schweidler Memorial Scholarship, and Ms. Katherine J. Pierce (Chapel Hill) recipient of the Blanton Little Memorial Scholarship.  Not able to attend was Mr. Richard P. Cooke (Hendersonville), recipient of the Phillip T. Fisher Scholarship.

These scholarships are awarded annually by the Real Estate Commission recognizing individuals for their academic achievements.  Ms. Mullinix and Ms. Pierce were selected by the North Carolina Real Estate Educational Foundation for achievement in REALTORS® Institute courses and Mr. Cooke was selected by the North Carolina Chapter of the National Association of REALTORS® Council of Residential Specialists for his achievements.

The Commission joined Mr. Cone, Mr. Knight and Ms. Malcolm in congratulating the recipients on their outstanding academic achievements.