Source:


Deaton Investment Real Estate & The Wake County Apartment Association



Monday, August 11, 2008

Like I said...

I had an agent call me today with questions about a listing that has a couple of PROP strikes. Her question was: "What is a PROP strike?"

Once again, the City has done nothing to communicate to real estate agents about the PROP, nor it's importance as a disclosure issue. And, this agent worked with a very reputable firm that has long been associated with Raleigh.

On a related note, there is now precedent set for PROP strikes being dismissed after a sale. Boy, that was a tough issue to prove senseless. At least we have that going for us.

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