North Carolina  |  Real Estate Law

Legal Question

Asked on: 5/17/13, 7:46 am

My wife and I visited North Carolina on a research trip to see if this would be a place we would retire. We met with an agent that had us sign an exclusive buyers contract. We asked how long we were bound to it and the agent did not give us a direct answer, only replying in effect that we would not be bound for life. No duration was listed on the contract. We asked for a copy and we were told that the copier was broken and that we would be sent a copy of the agreement. We spent a total of 6 hours with the agent and decided that's all that we needed to see to get a feel of the area. We received a copy by e-mail a few days later. The contract was for one year. My wife and I felt we had not been treated honestly and asked the agent to release us from the contract. The agent, the broker in charge and the owner of the agency have not responded to any e-mails and phone calls other than one e-mail to say that the owner asked the agent for a copy of the contract. The owner has not responded since then. We even asked for the contract to be reduced to 6 months as a sing of good faith to show that we are not using another real estate firm. We do not live in NC and it is over a 14 hour drive to get there. What can my wife and I do other than wait out the contract?

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