Contracts
In North Carolina, the 'due diligence fee' paid at the time of an offer is:
ARefundable if the buyer's financing falls through
BNon-refundable and paid directly to the seller✓ Correct
CHeld in escrow until closing
DApplied to the buyer's closing costs
Explanation
In North Carolina, the due diligence fee is non-refundable and paid directly to the seller upon offer acceptance. It compensates the seller for taking the property off the market during the due diligence period.
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