NCR provided a new addendum that allows new offers to include some flexibility for issues that arise during the contract period

NC REALTORS® has published Form 790-COVID-19 Addendum to the 2T-Offer to Purchase and Contract. This Addendum allows the parties to agree to an extension of the Contract (time period to be negotiated by the parties) if circumstances arise related to the world-wide Coronavirus (COVID-19) pandemic that could make it unduly burdensome or impossible for Buyer or Seller to exercise their rights and/or perform their obligations under the Contract. This form is not required, however, it is being made available to all REALTORS® to use if appropriate in their transaction.

A Q&A related to the 790-COVID-19 Addendum will be published on Monday, March 23, 2020. In the meantime, if you have questions regarding the Addendum, please contact the Legal Hotline by emailing legalhotline@ncrealtors.org during business hours, Monday through Friday, 8:30am to 5:00pm.