ContractsMEDIUM
In North Carolina, which properties are exempt from the Property Disclosure Act?
Correct Answer
C) Both A and B
Exemptions include new construction never occupied, foreclosures, transfers by court order, and several other categories.
Answer Options
A
All foreclosuresB
New construction never occupiedC
Both A and BD
Properties over 100 years oldVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-disclosure-requirementsforeclosure-transactionsnew-construction-disclosures
Key Terms:
North Carolina Residential Property Disclosure ActN.C.G.S. § 47Edisclosure exemptionsforeclosure exemptionnew construction exemption
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