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MLS Board Minutes – Thursday, August 19th
WRAR Board Minutes – Thursday, August 19th
*Click Here to view past meeting minutes.

2nd Quarter 2010 MLS Economic &
Market Watch Report

New Offer to Purchase & Contract (OTP&C)

Social Media & Networking Guides for
Real Estate Professionals

   • Social Media For REALTORS®: 101 Dos & Don’ts
   • Facebook: The Ultimate Guide
   • Twitter: The Ultimate Guide
   • LinkedIn: The Ultimate Guide

National Flood Insurance (NFIP) &
Homebuyer Tax Credit Closing Deadline Extended

Clarification on Updated Residential
Property Disclosure Statements (Form #140)
The recent notice regarding changes to the Residential Property
Disclosure Statement (Form #140) effective July 1st indicated
that sellers whose properties are listed prior to July 1st should
sign new disclosure statements. The NCREC's legal department
has indicated that given the fairly minor nature of the change
to the disclosure statement, they will not require agents to get
sellers to complete a new disclosure statement unless, as is
always the case, there is something that needs to be updated
on the form.

It is possible that some sellers may need to update their
disclosure statement based on the addition of the word "military"
in question #15, but most will not. Regardless of the NCREC's
position, agents should still consider having their sellers sign
new disclosure statements to give to prospective buyers on or
after July 1st. This would avoid a potential argument by a buyer
that they have a right to terminate a contract based on the fact
that they did not receive the most current version of the disclosure statement. If you have further questions, please contact Monica
Huckaby at 336-808-4235.For additional information,
please Click Here.

Click Here to view the updated Residential Property Disclosure
Statement which goes into effect on July 1st.

Notice of Intent to Amend Bylaws
Article XII, Section 4. Notice of Meetings The staff shall send
notice to every Member entitled to participate in the meeting
at least one (1) week preceding all meetings.  If a special
meeting is called, it shall be accompanied by a statement of
the purpose of the meeting. All notices required by these
Bylaws shall be considered delivered when submitted for
electronic mail delivery to the electronic mail address of the
Member entitled to such notice. It shall be the responsibility
of each Member to furnish their current email address to the
WRAR’s office.