ContractsGeneralMEDIUM
In North Carolina, the due diligence fee:
Correct Answer
B) Is non-refundable and paid directly to seller
The due diligence fee in North Carolina is non-refundable and paid directly to the seller (not held in trust) when the contract is signed.
Answer Options
A
Is refundable if buyer terminatesB
Is non-refundable and paid directly to sellerC
Goes into escrowD
Is required by law to be $500Video Explanation2 min
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Related Topics & Key Terms
Related Topics:
north-carolina-residential-contract-formearnest-money-depositsdue-diligence-periodcontract-terminations
Key Terms:
due diligence feeNC Form 2-Tnon-refundableearnest moneydue diligence period
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