Realty company acts first
Wednesday, May 28th, 2008
By Staff
Prudential Carolinas Realty is requiring disclosure of bonuses in writing even as N.C. regulators debate step.
Peter St. Onge
pstonge@charlotteobserver.com
One of North Carolina's largest real estate companies has decided not to wait for N.C. regulators to decide how transparent agents should be about their financial interests in selling a home.
Prudential Carolinas Realty – with offices in Charlotte, Greensboro and Raleigh – has required its agents since January to provide written disclosure of bonuses they might receive from sellers before their clients make a decision to purchase a property.
The N.C. Real Estate Commission, since October, has been contemplating a rules change that would require such a written disclosure from all N.C. agents. Earlier this month, after indefinitely postponing a vote on the rules change, the commission changed course and called a special meeting on the topic today. (more…)
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