NCREC welcomes our newest Commission Member James Beaty Jr.
James Beaty Jr. was ceremonially sworn in by former Congressman G.K. Butterfield at our March 19th business meeting. Mr. Beaty is a former United States District Court Judge for the Middle District of North Carolina. He previously served on the Commission from 1979-1981.
Seller’s Obligation to Disclose Latent Defects
This month’s eBulletin features an article that explains that the seller may be liable for failing to disclose latent or hidden defects, if they know there is a problem. The RPOADS (Residential Property and Owners’ Association and Disclosure Statement) released in 2024 contains clear language explaining this to sellers and brokers. Read more details in the article: https://bulletins.ncrec.gov/sellers-obligation-to-disclose-latent-defects-legal-liability-and-the-role-of-brokers/
You are invited!
The monthly Real Estate Commission meetings are always open to the public, and you are invited to attend in person or online via Zoom. The meeting next month will be held in New Bern at the DoubleTree by Hilton New Bern – Riverfront, Bradham Room, 100 Middle Street, New Bern, NC 28560. A Zoom link will be available at ncrec.gov on the day of the meeting.