Contracts
In North Carolina, which contract form is most commonly used for residential real estate transactions?
AThe NCREC Standard Form 2-T✓ Correct
BThe AIA Residential Contract
CThe HUD-1 Purchase Agreement
DThe Fannie Mae Form 1003
Explanation
The Offer to Purchase and Contract (Standard Form 2-T), jointly approved by the NC Bar Association and NC Association of REALTORS, is the standard residential contract used in North Carolina.
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