Many of my pending transactions are being extended due to the COVID-19 outbreak. As a result, . . .

Legal Q&A | If an agency agreement is set to expire while a property is under contract, does it need to be extended?

QUESTION: Many of my pending transactions are being extended due to the COVID-19 outbreak. As a result, some of my agency agreements on Standard Forms 101 and 201 are set to expire prior to the new settlement dates agreed to by the parties. If one of my agency agreements is going to expire during a transaction, does it have to be extended? Am I allowed to continue representing my clients? Am I still entitled to my commission?

DISCOVER THE ANSWER


 



Tune in TODAY at 1pm | Legislative Priorities with Leigh Brown

Join us TODAY at 1PM for our next Mobile Mondays’ session with NC REALTOR®, best-selling author, an innovative CEO and a must-see keynote speaker, Leigh Brown. She will be discussing Legislative Priorities in preparation for our upcoming virtual NC REALTORS® Legislative Meetings. Catch it live in the Mobile Mondays group and ask Leigh your questions on the spot. Sign me up >>

Can’t make it live? Don’t worry, the video will be archived in the Mobile Mondays’ Facebook group for you to check out on your own schedule. Plus, there’s a library of videos on a variety of legal, technology and business topics.

 


2020 NC REALTORS® Legislative Meetings Going Virtual

Governor Cooper’s plan to ease his Stay At Home order in phases makes it very unlikely that we will be able to hold our Legislative Meetings in person. Instead, we will be moving our events to a virtual platform on May 27 – June 3, 2020. View a detailed schedule here. Committee members, be on the lookout for an email update regarding your committee meeting time and connection link.

*For those who have confirmed guestroom reservations at the Sheraton Raleigh Hotel, the hotel will take automatically cancel and refund all guestroom reservations this week. You do not need to call the hotel.

 

Keep Your Mind and Skills Sharp

Learn new skills and enhance your ability to keep your business going in these uncertain times. Take advantage of one of these discounted or free online training opportunities:

Webinars
May 20 – How to Protect Your Real Estate Business From a Cyber Attack with CyberPolicy (FREE)
May 21 – Improving an Entrepreneurs' Financial Health with Mariah Hudler (FREE)

Virtual Courses
June 24-25 – Business Planning with Mark Given: $59.00

To view a full list of current professional development options, visit the Education Roundup resource page >>


 



We’re having a joint Conference with Kentucky, South Carolina and Tennessee

Registration is open for the Region 4 REALTORS® Conference & Expo (R4RC20), the ultimate conference experience for serious real estate professionals in Kentucky, North Carolina, South Carolina and Tennessee. It’s happening this October 12-15, in Savannah, GA.

Go ahead and register now so you can take advantage of the early bird rate of just $299. That's a great deal for multiple days of education, networking, motivation and fun. Hotels are selling out quickly, so don’t delay. Count me in!>>

 



Join NC REALTORS® Appraisal Section today!

Not a member of the NC REALTORS® Appraisal Section? Join today and gain access to a network of North Carolina appraisers, enjoy discounts on CE classes, receive advocacy support through NC REALTORS® legislative staff in Raleigh and be the first to know of news and legislative activity related to you and your business. Join today »

Questions? Contact Denise Daly, NC REALTORS® Appraisal Section staff liaison, at ddaly@ncrealtors.org.