North Carolina Realtors group gets office that troubles some
By JOSH SHAFFER, The News & Observer Six years ago, the state’s Realtors association paid $1.5 million for one of Raleigh’s grandest old houses — a Second Empire beauty on Blount Street, practically next-door to all the legislative action. It cost even more to renovate the 1870 mansion, known as the Heck-Andrews house and listed […]
NC COA decision’s message is “Realtor beware”
BY DAN GIBSON Real estate agents may have a duty to disclose material facts to the buyers of real property—even when the buyers have a home inspection. The North Carolina Court of Appeals’ March 3 decision in Cummings v. Carroll explains this duty. The facts James and Connie Cummings (“Buyers”) purchased a house from Berkeley […]
Realtors still cannot testify about fair market value
The North Carolina Court of Appeals issued a reminder to real estate litigators earlier this month: If you’re going to use a real estate broker as an expert witness, make sure they don’t testify about the “fair market value” of a property. Unfortunately, that’s a tip that was overlooked by attorneys representing the owners of […]
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