ContractsDue_diligence_fee_period_and_effective_dateMEDIUM
A provisional broker in Raleigh is answering a client question about due diligence fee, due diligence period, and Effective Date. Which statement best applies under current North Carolina law?
Correct Answer
D) The due diligence period is negotiable and begins with the Effective Date of the contract.
The due diligence period is negotiable and begins with the Effective Date of the contract.
Answer Options
A
The due diligence period is fixed by statute at ten days.B
The due diligence period always begins on the date of the first showing.C
The due diligence period begins only after the earnest money check clears.D
The due diligence period is negotiable and begins with the Effective Date of the contract.Why This Is the Correct Answer
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Key Terms:
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