Contracts
Under the NC Standard Form 2-T, the 'Due Diligence Fee' is paid:
AAt closing
BDirectly to the seller at contract formation, typically non-refundable✓ Correct
CInto escrow and applied to closing costs
DOnly if the buyer terminates the contract
Explanation
The Due Diligence Fee in the NC contract is paid directly to the seller at contract formation and is generally non-refundable regardless of the outcome.
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