post a free press release
post a free press release post a free press release post a free press release post a free press release post a free press release post a free press release
post a free press release

North Carolina Real Estate Contract

Real estate contracts in North Carolina are used to facilitate the transfer of real estate between buyer and seller. The contract is an outline of the transaction, basically a set of instructions that will guide all parties involved throughout the transaction. North Carolina does not have any statutory requirements specifically for the real estate contract. In North Carolina real estate contracts are typically bilateral contracts and should be in writing to be enforceable.

The Statute of Frauds requires contracts for the sale of land, or any interest in land, to be in writing. See N.C. Gen. Stat. § 22-2 ("All contracts to sell or convey any lands, tenements or hereditaments, or any interest in or concerning them…shall be void unless said contract, or some memorandum or note thereof, be put in writing and signed by the party to be charged therewith, or by some other person by him thereto lawfully authorized…."). Pursuant to the Statute of Frauds, oral agreements between a buyer and seller are unenforceable as a matter of law. Thus, even if a buyer makes a written offer, and a seller orally agrees to its terms, that seller’s oral agreement cannot be enforced unless it has been reduced to writing and signed by him or her, or by someone authorized to sign for him/her. It is therefore critical to have a written contract between the parties delineating the terms of their agreement.

Who can draft an agreement? The drafting of a sales contract for others is generally construed as an act for which a law license is required. See N.C. Gen. Stat. § 84-2.1.

Similarly, the Real Estate License Law prohibits the unauthorized practice of law by real estate brokers, and specifically, drafting legal instruments. N.C. Gen. Stat. § 93A-6(a)(12); 21 N.C. Admin. Code 58A .0111. However, real estate brokers may complete pre-printed form contracts, when an attorney has drafted the form. Likewise, a party to an agreement may draft it, or a provision thereof, without "practicing law." Learn more about Real Estate Contracts in North Carolina by visiting http://www.therealestatecontract.com

For Media Contact:
Person Name:Beth Jackson
Address: 380 HENRY DRIVE
Knox, Indiana 46534
Phone: 7023010951
Email Id: bethlocalseo@gmail.com

by: Angela Gentry



Previous press releases
Great Gator Crossing is Gearing Up
THE CINDY SHEARIN GROUP on Benefits of Living in an HOA Community
Great Gator Crossing is Gearing Up
How to Easily Repair a Garage Door on Your Own
Getting Designer Glasses and Free Prescription Glasses
Different Designers Of Glasses And Polarized Glasses
The country needs video surveillance systems
Can a security video camera reduce crimes
All types of security with dome surveillance cameras
Why use an IP surveillance camera system
Use a night vision surveillance camera for security at night
Dome cameras are among the most versatile video surveillance cameras
Go high res when purchasing a network outdoor security camera
Website Provides its Users with the Free WMV to MOV Converter
Website Provides Free FLV to WMV Converter
Website Provides Free AVI to FLV Converter
Data storage solutions for video surveillance equipment
A Perfect Evening Download Movies for Free Online
CostumeExpress Was Recently Mentioned On Prominent PeacePark Website
post a free press release
post a free press release