Real Estate Days/Dates to Remember

Question 1

3 Banking Days

Answer 1

Deposit Earnest Money- Cash

Question 2

5 Calendar Days

Answer 2

• Closing Statement to Buyer & Seller after closing

* Recession Period for Timeshare

Question 3

2 Years

Answer 3

Deed of Gift Must Be recorded

Question 4

3 Calendar Days

Answer 4

• Sellers must provide NC Residential Property Disclosure

* Buyer may rescind offer after receiving Disclosure

Question 5

60 Calendar Days

Answer 5

• Landlord must account or Tenant Security Dep & bank address where located
• Landlord must a total accounting of the Tenant Security Deposit w/in 60 days of the lease expiration.
• Broker must notify commission of DUI.

Question 6

30 Calendar Days

Answer 6

Notice of Tenant Security Deposit

Question 7

3 Years

Answer 7

Firm must keep all Offers

Question 8

10 Calendar Days

Answer 8

Broker must notify Commission of change of address

Question 9

7 Calendar Days

Answer 9

Rescission Period for new condos

Question 10

June 30th

Answer 10

Renewal fees must be paid by

Question 11

June 10th

Answer 11

to remain ACTIVE all CE must be completed by

Question 12

Settlement can be delayed 14 days

Answer 12

Offer to Purchase and Contract

Question 13

3 day Right of Rescission for buyer if not given at time of offer

Answer 13

Residential Property Disclosure Statement

Question 14

Not earlier than 6 days but not later than 45 days after execution

Answer 14

Time Share recordation

Question 15

3 business days prior to contract execution

Answer 15

Public Offering for Interstate Land Sales

Question 16

No more than 10 days prior to the anticipated settlement date

Answer 16

BIC may transfer an earnest money deposit from his/her trust account