What key role does the Commission play in relation to contracts?

The Commission's key role in relation to contracts primarily involves creating rules regarding contract provisions. This function is crucial because it ensures that standardized practices are in place, safeguarding the interests of all parties involved in real estate transactions. By establishing rules, the Commission helps maintain transparency, fairness, and consistency in contract formulations across the state of North Carolina.

This regulatory oversight is essential as it allows the real estate market to operate within a framework that complies with state laws, ultimately aiming for the protection of consumers and the integrity of the industry. The Commission does not typically approve individual contracts, fill out forms for clients, or draft contracts for agents, as those tasks are generally the responsibility of real estate professionals themselves. The focus on rule-making signifies the Commission's role as a regulatory body ensuring compliance and promoting best practices within the industry.