Is a contract that fails to identify an escrow agent enforceable?

Legal Q&A | Do all contracts have to identify an escrow agent?

QUESTION: It is fairly common for listing agents in my area to receive offers that do not identify an escrow agent. Instead, buyer agents are inserting the abbreviation “TBD” (meaning To Be Determined) in the blank space provided in paragraph 1(f) of the Offer to Purchase and Contract. Is a contract that fails to identify an escrow agent enforceable?

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Experience XCHANGE ’18 through our Scholarship & Mentor Program

Let NC REALTORS® give you a boost of confidence with the Convention Scholarship and Mentor Program, designed to help new REALTORS® get involved and make the most of the convention experience with the help of an experienced mentor. The deadline is fast approaching! Please apply online by May 15.

NC REALTORS® is also looking for qualified leaders who have previously attended our annual conventions and want to invest in the next generation of NC REALTORS® by acting as a mentor. Apply here by May 15 »

Now Showing on xchange18.com

This year we have an epic cast of speakers who will be sharing great information to motivate, inspire and educate you. You can now access speaker bios, session descriptions, schedule updates and more at xchange18.com.
 




Shop AmazonSmile and Donate to Homes4NC this Mother’s Day

This month we celebrate Mother's Day! Support Homes4NC - your housing opportunity foundation, by shopping Amazon Smile. Find the perfect gift for mom, and a percentage of your purchase will be donated to Homes4NC. More information »
 



REALTOR® Advocacy & NAR Resources

The 2018 REALTORS® Legislative Meetings & Trade Expo represents an important opportunity for REALTORS® to meet with their U.S. Senators and Representatives and communicate the issues critical to their businesses, communities and the consumers they represent. NAR has prepared talking points and a series of four videos that walk REALTORS® through the messages that NAR would like presented to their Members of Congress. Additionally, NAR will hold a virtual town hall on May 10 at 2 p.m. EDT to address any questions REALTORS® may have about the talking points.

While these tools are geared toward those traveling to DC next week, they can be extremely helpful for all REALTOR® advocacy efforts, especially this month. You can even use these resources to win an exclusive VIP Pass to XCHANGE ’18. Read more »

Traveling to REALTORS® Legislative Meetings next week? We’ve pulled together a collection of information and important NC REALTORS® events to attend. Read more »



Join NC REALTORS® #MobileMondays

Mobile Mondays is a members-only, epic benefit for NC REALTORS® via closed Facebook group (join here). It’s not just another discussion forum! Check in Mondays at 1 p.m. for quick, engaging content delivered by national experts via Facebook Live exclusively for the NC REALTOR® on-the-move. Want to be a featured expert? Email for more information »
 



Save on travel with Booking Community!

Whether it is business or leisure travel, save money with Booking Community, one of our newest REALTOR® Partners. A simple click provides you access to discounted rates at over 800 hotels and resorts worldwide. The summer is almost here, so sign up and save.

Stay connected with all of your NC REALTOR® Partners. Get the latest in discounts and services »