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 5/10 Good --- www.charlotte.com http://www.charlotte.com/122/index.rss
| News, sports and entertainment from Charlotte.com ... |
Thursday, May 15, 2008 --- 72 days ago http://www.charlotteobserver.com/business/story/624803.html
| N.C. regulators declined Wednesday to vote on a rule that would ensure homebuyers know more about their real estate agents' financial interests in selling a home. The nine-member N.C. Real Estate commission voted to table a proposal requiring real estate agents to disclose in writing any bonuses and other extra incentives sellers are offering before a purchasing decision is made on a home. The rules change was proposed in October after an Observer investigation on real estate bonuses. It was designed to let consumers know early in the homebuying process if their real estate agents had financial motivation in showing them a home. Instead, the proposal will be held for further discussion, although commission members scheduled no time for that discussion, essentially leaving the new rule in limbo. The rule, which had been signed off on by a Real Estate Commission task force, likely would have gone into effect July 1 if approved Wednesday. Now, because of coordination issues with continuing education programs, the rule may not be implemented for more than a year, officials say, if at all. "We want to go over and look at it again," said commission member Marsha Jordan, owner of Apple Realty in Lincolnton. Jordan said colleagues around the state had expressed concern about having to reveal to clients what they make beyond the standard commission that's recorded on a buyer's agency agreement. She and commission chairman Skip Alston, owne ... |
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