North Carolina Contingent Sales Addenda Revised Completely in 2011

Real Estate Broker/Owner with Realty Arts NC Broker License #235526

Putting the good stuff right up front:

1.  For once, a two-page real estate form has been reduced to one page!

2.  Something else new?  There is no longer a kickout provision in NC Association of REALTORS® Standard Form, 2A2-T, Contingent Sale Addendum, which is a major switch from 2010.

If Buyer and Seller come to terms on a property, the Standard Form no longer provides the Seller with the right to demand Buyer to vacate sale contingency to remain under contract.

As changes come and go, in the general scheme of things, that's a big one.

Will Martin, General Counsel for NCAR goes into the details of the Contingent Sale Addendum in the April-June Insight magazine.
It is a good read, and reveals much of the thought process in the design of the forms. 
While most of the new forms make pretty good sense to a layperson like myself, several of us agreed that the Contingent Sale Addendum seemed to be an afterthought.  Will Martin clears it up well.

Bottom line?  REALTOR® Members of NCAR, read your magazine, and particularly the "Forms Guy" article on pages 20-21, in the April-June, 2011 issue.  It might help you be ahead of the curve and offer better service to your clients.

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Independent Broker/Owner, Realty Arts

130 Towerview Court,

Cary, NC


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Glenn Roberts
Retired - Seattle, WA

No matter how long we do something, there is always an idea maker with the power to change things. I tried to read what the forms guy said, but our language is a little different. We can kick out the first buyer with a five (or other by negotiating) day bump notice. That might be your do dilligence clause.

Apr 14, 2011 10:51 AM #1
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate


You should have been in class the other day.  Lots of puzzlement there.  Contingent Sales will be interesting for a while.

We had major revisions that simplified and clarified a great deal of what we are doing, and this is one form that sort of had to be forced to fit.

Apr 14, 2011 11:02 AM #2
Diane McDermott
Realtor®, GRI, Landis e2 Real Estate, LLC - Charlotte, NC
Charlotte NC Real Estate Market

With all the other changes that took effect this one hasn't gotten much attention but removal of the kickout clause is a BIG change - and I agree, shocking to see a form get shorter!!!

Apr 15, 2011 02:03 AM #3
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate


It is a little scary that so many agents have yet to take their CE mandatory, which obviously focuses on the forms changes.

Apr 15, 2011 04:21 AM #4
anne G.

Great article. Thanks for the info, you made it easy to understand. BTW, if anyone needs to fill out a “Form 2A2 T”, I found a blank fillable form here: This site PDFfiller also has some tutorials on how to fill it out and a few related  real estate documents that you might find useful.

Mar 16, 2015 03:18 AM #5
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