Final answer:
The NCAR/NCBA Standard Form 2-T Offer to Purchase and Contract is a standard real estate document used in North Carolina. It includes several standard provisions that protect both the buyer and seller in a real estate transaction.
Step-by-step explanation:
The NCAR/NCBA Standard Form 2-T Offer to Purchase and Contract is a standard real estate document used in North Carolina. It includes several standard provisions that protect both the buyer and seller in a real estate transaction.
Some of the standard provisions include:
- Identification of the buyer and seller
- Description of the property being sold
- Purchase price and financing terms
- Inspection and repair requirements
- Closing and possession dates
These are just a few examples of the standard provisions included in the NCAR/NCBA Standard Form 2-T Offer to Purchase and Contract.