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Taxes & Rates

North Carolina Real Estate Commission

The Board of Real Estate Appraisers held a rulemaking hearing on March three, 2022, and adopted a change to Board Rule 5.1 concerning the real estate appraisal experience requirements. REET was paid when the taxpayer was entitled to say a valid exemption however failed to take action on the time of switch. REET was paid on the switch back to the vendor on a sale rescinded by court order. Inheritance of a neighborhood property curiosity or the switch under a non-probated will in which a lack of probate affidavit is required. In common, you must file an affidavit when ownership or title to real property transfers by conveyance, deed, grant, task, quitclaim, or any other doc that can end in a transfer.

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