A broker managing a Homeowner/Property Owners Association (HOA/POA) for compensation must be active, be a BIC or affiliated with a BIC, and must follow rule A.0118 & all trust account rules with respect to HOA/POA funds held on behalf of the HOA/POA. The only exception is for a broker who acts without compensation for an HOA/POA in which the broker is a property owner.
After receiving several requests, the Commission has revised its Mineral, Oil and Gas (MOG) Disclosure form to include the property address and initial lines for the seller on the first page. There is no need to redo any disclosures made on the original form.
Commission rule A .0505 stipulates that licenses expired for less than six months may be reinstated by payment of the $55 reinstatement fee prior to the December 31 deadline. Further, licenses expired for more than six months are required, in addition to the reinstatement fee, to file a new application and all supporting documents, and may have to meet certain educational requirements. Don’t delay – reinstate today!
• Dress professionally
• Don’t wear expensive or excessive jewelry
• Always wear your cell phone
• Dress for the weather
• Only carry the cash or credit cards you need
• Carry yourself with confidence
(For more information see the Commission’s North Carolina Real Estate Agent Safety Guide available in printed copy from the Commission or on its Website.) http://bit.ly/1vHawN7
Have a buddy – know in advance who you are going to call when
• Your instincts tell you to get help
• You are just a little nervous
• You need help at an open house
(For more information see the Commission’s North Carolina Real Estate Agent Safety Guide available in printed copy from the Commission or on its Website.) http://bit.ly/1vHawN7
Don’t make personal marketing too personal. Your marketing practices can jeopardize your safety by giving out too much of the wrong information. Concentrate on your professional proficiency rather than personal information in newspapers, resumes, or business cards and Websites.
(Taken from the Commission’s North Carolina Real Estate Agent Safety Guide available in printed copy from the Commission or on its Website.)http://bit.ly/1vHawN7
Have a distress code and a prearranged distress signal to ensure your safety. The distress code should be used if you are uneasy, but do not feel you are in danger. If you are in immediate danger – stop the car and/or leave the area. Do not hesitate to call 911. Share and practice your distress code with: Your office, colleagues, family and friends.
(Taken from the Commission’s North Carolina Real Estate Agent Safety Guide available in printed copy from the Commission or on its Website.) Safety Guide
A new phishing scam is targeting real estate broker email accounts to victimize buyers. Here’s how it works:
• The broker’s email account is hacked.
• The scammer monitors the email account for discussions about upcoming closings.
• The scammer sends fraudulent wire-transfer information from the broker’s email account to the buyer.
• Those instructions direct the transfer to an entity owned by the scammer, which may appear to be a closing or title agency office.
More information here – http://wapo.st/1xMPlsA
(Taken from the Commission’s North Carolina Real Estate Agent Safety Guide available in printed copy from the Commission or on its Website.) Safety Guide
Effective January 1, 2015, sellers must provide a new Oil and Gas Mandatory Disclosure Statement (MOGDS) to buyers prior to making an offer. The new Disclosure Statement is being developed by the Real Estate Commission and will be made available on the Commission’s Website, www.ncrec.gov, in December to allow sellers sufficient time to complete the Disclosure for any properties on the market as of January 1.