NCREC Compensation Rule Requires Disclosure of Fees and Compensation Effective Oct. 1

NCREC says that brokers must disclose to their buyers and sellers all compensation the broker expects to receive from the transaction, including bonuses. NCAR created Form 770 to assist Realtors® with making the disclosure. There were changes to the Exclusive Right to Sell Listing and Exclusive Right to Represent Buyer agreements, too. For more information, click here to view NCAR’s webinar that aired Sept. 16. The new forms are now available at www.ncrealtor.org/ in the forms library, and will be available in the Realtor® Store next week. The forms will be available on Realfast and other form software packages by Oct. 1.