2008-2009 Update Course Highlights Important Material Facts to Disclose

A discussion of “material facts” and of the Commission’s position as to certain key “facts” that must be disclosed will be the primary topic of the 2008-2009 Update Course.

Additionally, you will review some of the new NCAR form changes (particularly those affecting the Offer to Purchase) and discuss due diligence in discovering information about a property.

You must complete the four-hour Update Course and a four-hour elective to fulfill your continuing education requirements for the license year.

For dates and locations, click on Continuing Education on the Commission’s website, www.ncrec.state.nc.us, and then click on “CE Courses Schedule”.

Other topics to be covered in the course include:

• Review of new Commission rules effective July 1, 2008 (See page 5 of this Real Estate Bulletin for the article on “How to Handle Multiple Offers” and reference to the new rule effective July 1 concerning “Shopping Offers”);
• How to maintain a current and active license;
• Explanation of the term “broker-in-charge eligible”.

This article came from the May 2008-Vol39-1 edition of the bulletin.