Can the parties close on the next available business day without the delaying party being in breach?

Legal Q&A | What happens if a delayed Settlement deadline falls on a holiday?

QUESTION: Let’s assume the seventh day of the delay period for Settlement/Closing in paragraph 12 of the Offer to Purchase and Contract (Form 2-T) falls on a holiday, thus making it impossible to close that day. Can the parties close on the next available business day without the delaying party being in breach?

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Need help communicating with a client who speaks a foreign language? Use our Find a REALTOR® search to locate an NC REALTOR® who can help you translate forms. Select the language needed under "Multilingual REALTORS®." Think of the referral opportunities! Start your search » 
 

Red, White & YOU – Don't miss the celebration of the year!

Whether a ball gown or blue jeans is your thing, come as you are in your red, white and blue, and celebrate the installation of our 2023 President Leigh Brown and incoming leadership. It's happening on January 26, starting at 6:45pm at the Embassy Suites by Hilton Charlotte Concord Golf Resort & Spa. Tickets are $125 per person and include a buffet dinner and two drink tickets. Don't miss out on the fun. Buy tickets »

 
 


Is managing your team causing extra stress? We can help!

Leaders often find themselves in a unique position when they acquire a new role in a new company or ascend to a new role within a familiar one. How you present yourself and how your team receives you is often a matter of posture instead of position. At Vision Quest 2023, we'll explore practical steps by analyzing and applying both Bruce Tuckman's and Susan Wheelan's group-to-team development strategies

Virtual spots are available for just $99, and include the session and a full day of inspirational speakers to prepare you to achieve your goals in 2023. View the Vision Quest schedule and REGISTER NOW ».

 
 


30 Under 30 applications due January 18

Each June, REALTOR® Magazine features 30 rising young stars in the real estate industry, and hundreds of real estate practitioners apply to be one of the honorees. Our very own Allie Parker of Cary and Alex Lawrence of Raleigh were 2022 finalists. You could be next! 30 Under 30 application closes Wednesday, January 18. Learn more »

 
 

Enter to win a $2,500 Caesars Luxury Experience Giveaway

Your NC REALTORS® Housing Foundation is giving away two consecutive nights (Sunday-Thursday) for two in a luxury room at Harrah's Cherokee Casino Resort, $250 dining credit to use at the Caesars Entertainment-owned restaurant(s) of your choice, and $2,500 Cash. Raffle tickets are $25 each or five (5) tickets for $100. Buy your ticket »
 
 

NC REALTORS® offices will be closed today in observance of Martin Luther King Jr. Day.