Contracts
Under the NC Offer to Purchase, the due diligence fee is paid:
AAt closing
BAt contract acceptance, directly to the seller✓ Correct
CAt contract acceptance, held in trust by the listing broker
DAt the end of the due diligence period
Explanation
The due diligence fee is paid directly to the seller at contract acceptance — it is not held in trust. This compensates the seller for taking the property off market during the due diligence period.
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